Five9, Inc. (NASDAQ:FIVN) Given Average Recommendation of “Moderate Buy” by Brokerages

Five9, Inc. (NASDAQ:FIVN) has received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $84.88.

A number of research firms have commented on FIVN. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Five9 in a research report on Friday, May 3rd. UBS Group decreased their target price on Five9 from $90.00 to $81.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Rosenblatt Securities reiterated a “buy” rating and set a $80.00 target price on shares of Five9 in a research report on Friday, May 3rd. Barclays decreased their target price on Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Finally, Piper Sandler boosted their target price on Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, January 12th.

Five9 Trading Down 3.8 %

Shares of FIVN stock opened at $54.32 on Thursday. The business’s 50 day moving average is $59.61 and its two-hundred day moving average is $68.36. Five9 has a twelve month low of $51.01 and a twelve month high of $92.40. The company has a market capitalization of $4.01 billion, a P/E ratio of -63.91 and a beta of 0.85. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41.

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

Insiders Place Their Bets

In other news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the completion of the sale, the chief operating officer now owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI raised its stake in Five9 by 46.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after buying an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. raised its position in shares of Five9 by 139.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after purchasing an additional 279 shares during the period. Headlands Technologies LLC raised its position in shares of Five9 by 136.0% during the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after purchasing an additional 306 shares during the period. Intrust Bank NA acquired a new stake in shares of Five9 during the 4th quarter worth approximately $202,000. Finally, Inceptionr LLC acquired a new stake in shares of Five9 during the 4th quarter worth approximately $215,000. Hedge funds and other institutional investors 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 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.