Five9 (NASDAQ:FIVN) Price Target Increased to $215.00 by Analysts at Craig Hallum


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Five9 (NASDAQ:FIVN) had its price objective lifted by investment analysts at Craig Hallum from $163.00 to $215.00 in a report released on Tuesday, The Fly reports. The firm currently has a “buy” rating on the software maker’s stock. Craig Hallum’s price target points to a potential upside of 28.91% from the stock’s current price.

Several other brokerages have also commented on FIVN. Canaccord Genuity upped their price target on Five9 from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley restated an “overweight” rating on shares of Five9 in a research note on Tuesday. Stephens upgraded Five9 from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $140.00 to $175.00 in a research note on Friday, October 30th. BTIG Research upped their price target on Five9 from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, January 19th. Finally, Piper Sandler upped their price target on Five9 from $206.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $183.81.

Shares of NASDAQ:FIVN opened at $166.78 on Tuesday. The company has a quick ratio of 9.32, a current ratio of 9.32 and a debt-to-equity ratio of 2.46. Five9 has a 52-week low of $52.51 and a 52-week high of $194.04. The stock’s fifty day simple moving average is $174.48 and its 200-day simple moving average is $149.94. The company has a market capitalization of $11.00 billion, a P/E ratio of -314.67 and a beta of 0.53.

Five9 (NASDAQ:FIVN) last released its earnings results on Sunday, February 21st. The software maker reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.11. The firm had revenue of $127.89 million during the quarter, compared to analyst estimates of $115.27 million. Five9 had a positive return on equity of 0.40% and a negative net margin of 8.54%. The business’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 earnings per share. On average, sell-side analysts anticipate that Five9 will post -0.09 earnings per share for the current year.

In related news, CFO Barry Zwarenstein sold 12,500 shares of the stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $181.91, for a total value of $2,273,875.00. Following the completion of the transaction, the chief financial officer now owns 89,298 shares of the company’s stock, valued at $16,244,199.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Daniel P. Burkland sold 1,149 shares of the stock in a transaction dated Thursday, December 3rd. The shares were sold at an average price of $156.81, for a total value of $180,174.69. The disclosure for this sale can be found here. Insiders sold 86,208 shares of company stock valued at $13,999,208 in the last three months. 3.00% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Five9 by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 6,934,061 shares of the software maker’s stock worth $355,649,000 after buying an additional 93,246 shares during the last quarter. Vanguard Group Inc lifted its holdings in Five9 by 19.3% during the 3rd quarter. Vanguard Group Inc now owns 6,338,262 shares of the software maker’s stock worth $276,920,000 after buying an additional 1,026,191 shares during the last quarter. Mint Tower Capital Management B.V. bought a new position in Five9 during the 2nd quarter worth approximately $15,649,000. Price T Rowe Associates Inc. MD lifted its holdings in Five9 by 5.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,823,600 shares of the software maker’s stock worth $41,965,000 after buying an additional 257,910 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in Five9 by 3.9% during the 4th quarter. BlackRock Inc. now owns 4,271,831 shares of the software maker’s stock worth $186,762,000 after buying an additional 160,680 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for digital engagement channels between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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The Fly

Analyst Recommendations for Five9 (NASDAQ:FIVN)

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