Mizuho Cuts Five9 (NASDAQ:FIVN) Price Target to $42.00

Five9 (NASDAQ:FIVN) had its target price dropped by Mizuho from $55.00 to $42.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Mizuho’s target price would suggest a potential upside of 85.68% from the company’s current price.

Other equities analysts have also issued reports about the company. William Blair restated an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Piper Sandler raised their target price on shares of Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Barclays upped their price target on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Needham & Company LLC reissued a “buy” rating and issued a $52.00 price target on shares of Five9 in a report on Friday, April 4th. Finally, Morgan Stanley upped their price objective on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.94.

Five9 Stock Down 2.2 %

Shares of NASDAQ FIVN opened at $22.62 on Tuesday. The stock has a market capitalization of $1.71 billion, a P/E ratio of -113.09, a PEG ratio of 9.41 and a beta of 1.29. Five9 has a one year low of $21.04 and a one year high of $60.81. The firm’s 50 day simple moving average is $31.58 and its two-hundred day simple moving average is $35.26. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). The business had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. As a group, analysts expect that Five9 will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Five9

In related news, CAO Leena Mansharamani sold 1,517 shares of Five9 stock in a transaction dated 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 directly owns 48,300 shares of the company’s stock, valued at $1,605,009. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Barry Zwarenstein sold 2,468 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $82,011.64. Following the completion of the sale, the chief financial officer now owns 92,583 shares in the company, valued at approximately $3,076,533.09. This trade represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,574 shares of company stock valued at $1,004,346. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sylebra Capital LLC grew its stake in shares of Five9 by 59.4% in the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after acquiring an additional 1,396,496 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Five9 by 353.3% during the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock valued at $97,356,000 after purchasing an additional 1,867,137 shares in the last quarter. Norges Bank purchased a new position in Five9 in the fourth quarter worth about $81,280,000. Wellington Management Group LLP lifted its stake in shares of Five9 by 50.9% in the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock worth $72,496,000 after buying an additional 601,348 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Five9 by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 1,317,450 shares of the software maker’s stock valued at $53,558,000 after buying an additional 105,265 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

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.