Five9 (NASDAQ:FIVN) Given New $28.00 Price Target at Jefferies Financial Group

Five9 (NASDAQ:FIVN) had its price target decreased by equities researchers at Jefferies Financial Group from $45.00 to $28.00 in a report released on Monday,Benzinga reports. The firm presently has a “hold” rating on the software maker’s stock. Jefferies Financial Group’s price target indicates a potential upside of 10.54% from the stock’s current price.

Several other equities analysts have also recently commented on FIVN. Barclays raised their target price on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Five9 in a report on Wednesday, April 2nd. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research note on Thursday, March 13th. Piper Sandler lifted their target price on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company dropped their price target on shares of Five9 from $45.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Five9 presently has an average rating of “Moderate Buy” and a consensus target price of $50.17.

Five9 Price Performance

FIVN opened at $25.33 on Monday. 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 company’s 50-day moving average price is $28.40 and its 200 day moving average price is $34.98. Five9 has a fifty-two week low of $21.04 and a fifty-two week high of $60.76. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of -126.64, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29.

Five9 (NASDAQ:FIVN) last released its quarterly 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 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%. As a group, sell-side analysts expect that Five9 will post 0.28 earnings per share for the current year.

Insider Activity at Five9

In related news, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the transaction, the chief accounting officer now owns 47,165 shares of the company’s stock, valued at $1,424,383. This represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the transaction, the chief executive officer now owns 404,056 shares of the company’s stock, valued at $14,396,515.28. This trade represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,574 shares of company stock worth $1,004,346 in the last ninety days. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Five9

Several large investors have recently made changes to their positions in the company. Lindbrook Capital LLC lifted its position in Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after buying an additional 520 shares in the last quarter. Banque Transatlantique SA bought a new position in Five9 in the 4th quarter valued at $36,000. Johnson Financial Group Inc. acquired a new stake in shares of Five9 in the 4th quarter valued at $47,000. Steward Partners Investment Advisory LLC raised its position in shares of Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after acquiring an additional 2,571 shares during the period. 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.