UBS Group Lowers Five9 (NASDAQ:FIVN) Price Target to $81.00

Five9 (NASDAQ:FIVN) had its price target reduced by UBS Group from $90.00 to $81.00 in a research report report published on Friday, Benzinga reports. They currently have a buy rating on the software maker’s stock.

Other equities research analysts have also issued research reports about the company. Morgan Stanley reduced their price target on Five9 from $80.00 to $70.00 and set an equal weight rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company lowered their price target on shares of Five9 from $90.00 to $85.00 and set an overweight rating for the company in a report on Friday. KeyCorp reduced their price objective on shares of Five9 from $93.00 to $86.00 and set an overweight rating on the stock in a report on Thursday, February 22nd. Piper Sandler boosted their target price on shares of Five9 from $84.00 to $86.00 and gave the stock an overweight rating in a research note on Friday, January 12th. Finally, Barclays cut their price target on Five9 from $105.00 to $95.00 and set an overweight rating on the stock in a research note on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Five9 currently has an average rating of Moderate Buy and a consensus target price of $84.88.

Five9 Trading Up 2.0 %

Shares of FIVN opened at $57.88 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 7.02 and a quick ratio of 7.02. The company’s 50-day simple moving average is $59.98 and its 200-day simple moving average is $68.53. Five9 has a 1 year low of $51.01 and a 1 year high of $92.40.

Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. The company had revenue of $239.06 million for the quarter, compared to analyst estimates of $237.64 million. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. On average, research analysts forecast that Five9 will post -0.42 EPS for the current year.

Insider Buying and Selling

In other Five9 news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total transaction of $420,435.20. Following the completion of the sale, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at approximately $7,421,139.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Hedge funds have recently made changes to their positions in the company. Sylebra Capital LLC purchased a new position in Five9 during the third quarter worth about $129,467,000. Norges Bank acquired a new position in Five9 during the fourth quarter worth $79,035,000. Assenagon Asset Management S.A. grew its holdings in Five9 by 84.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 837,856 shares of the software maker’s stock worth $65,931,000 after acquiring an additional 383,002 shares during the period. Balyasny Asset Management L.P. raised its position in Five9 by 123.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 648,441 shares of the software maker’s stock worth $51,026,000 after acquiring an additional 358,887 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Five9 by 162.6% during the 3rd quarter. UBS Group AG now owns 533,914 shares of the software maker’s stock worth $34,331,000 after purchasing an additional 330,567 shares in the last quarter. Institutional investors and hedge funds 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 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.