Five9 (NASDAQ:FIVN) Price Target Raised to $45.00 at DA Davidson

Five9 (NASDAQ:FIVN) had its price target lifted by DA Davidson from $40.00 to $45.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the software maker’s stock.

A number of other analysts have also commented on FIVN. Wells Fargo & Company cut their price target on Five9 from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Northland Securities reduced their price target on Five9 from $95.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Roth Mkm decreased their price target on shares of Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Barclays cut their price objective on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, Morgan Stanley decreased their target price on shares of Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.06.

Five9 Trading Up 7.7 %

FIVN opened at $39.67 on Friday. The stock has a market capitalization of $2.96 billion, a P/E ratio of -79.34 and a beta of 0.85. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. Five9 has a 12 month low of $26.60 and a 12 month high of $92.40. The firm’s fifty day simple moving average is $29.46 and its 200 day simple moving average is $39.09.

Insider Activity at Five9

In other Five9 news, EVP Panos Kozanian sold 7,617 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the transaction, the executive vice president now directly owns 76,628 shares in the company, valued at $2,300,372.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CRO Daniel P. Burkland sold 2,605 shares of Five9 stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.41, for a total transaction of $87,033.05. Following the completion of the sale, the executive now directly owns 132,554 shares of the company’s stock, valued at approximately $4,428,629.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Panos Kozanian sold 7,617 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the sale, the executive vice president now owns 76,628 shares of the company’s stock, valued at $2,300,372.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,493 shares of company stock worth $1,097,753. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

A number of hedge funds and other institutional investors have recently modified their holdings of FIVN. Quent Capital LLC raised its position in shares of Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after buying an additional 352 shares in the last quarter. BOKF NA raised its position in shares of Five9 by 1.7% in the 1st quarter. BOKF NA now owns 39,846 shares of the software maker’s stock valued at $2,445,000 after buying an additional 657 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Five9 by 0.8% during the 2nd quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock worth $3,793,000 after acquiring an additional 673 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Five9 by 1.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 76,495 shares of the software maker’s stock valued at $4,751,000 after acquiring an additional 745 shares during the last quarter. Finally, Signaturefd LLC raised its position in Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.