Five9, Inc. (NASDAQ:FIVN) Receives Consensus Rating of “Moderate Buy” from Analysts

Five9, Inc. (NASDAQ:FIVN) has received a consensus recommendation of “Moderate Buy” from the nineteen research firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $56.76.

Several equities research analysts have recently commented on the stock. Morgan Stanley boosted their price target on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Rosenblatt Securities reissued a “buy” rating and issued a $58.00 price objective on shares of Five9 in a research note on Thursday, March 20th. Truist Financial reiterated a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Needham & Company LLC restated a “buy” rating and set a $52.00 price objective on shares of Five9 in a research note on Monday, March 17th. Finally, Barclays lifted their target price on Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 21st.

Insider Transactions at Five9

In related news, CAO Leena Mansharamani sold 1,517 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $50,409.91. Following the completion of the transaction, the chief accounting officer now owns 48,300 shares of the company’s stock, valued at $1,605,009. This trade represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Andy Dignan sold 2,840 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $94,373.20. Following the completion of the sale, the chief operating officer now directly owns 194,201 shares in the company, valued at approximately $6,453,299.23. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,574 shares of company stock worth $1,004,346 over the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quest Partners LLC purchased a new position in shares of Five9 during the 3rd quarter valued at approximately $95,000. Intech Investment Management LLC purchased a new stake in shares of Five9 during the third quarter worth about $281,000. FMR LLC raised its position in shares of Five9 by 2.4% during the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock worth $320,620,000 after purchasing an additional 259,820 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Five9 by 13.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker’s stock valued at $548,000 after buying an additional 2,254 shares in the last quarter. Finally, Verition Fund Management LLC boosted its holdings in Five9 by 144.3% in the 3rd quarter. Verition Fund Management LLC now owns 49,511 shares of the software maker’s stock worth $1,422,000 after buying an additional 29,248 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Stock Down 8.1 %

Shares of NASDAQ:FIVN opened at $25.24 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The business’s 50 day moving average is $35.54 and its 200 day moving average is $35.70. The stock has a market cap of $1.91 billion, a P/E ratio of -126.19, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29. Five9 has a 52-week low of $24.70 and a 52-week high of $63.30.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The firm had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. Sell-side analysts predict that Five9 will post 0.28 EPS for the current year.

About Five9

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.