Five9, Inc. (NASDAQ:FIVN) Receives $202.00 Consensus Target Price from Brokerages

Shares of Five9, Inc. (NASDAQ:FIVN) have been assigned a consensus rating of “Hold” from the twenty-two ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, sixteen have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $201.87.

A number of equities research analysts have commented on FIVN shares. Jefferies Financial Group cut Five9 from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a report on Wednesday, July 28th. JPMorgan Chase & Co. cut Five9 to a “hold” rating and set a $213.00 price target on the stock. in a report on Thursday, August 5th. Roth Capital reissued a “hold” rating on shares of Five9 in a report on Friday, May 28th. Piper Sandler cut Five9 from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $220.00 to $203.00 in a report on Wednesday, July 28th. Finally, Truist cut Five9 from a “buy” rating to a “hold” rating and decreased their price target for the company from $225.00 to $212.00 in a report on Monday, August 9th.

Five9 stock traded down $2.40 during trading on Tuesday, reaching $167.99. The company had a trading volume of 2,050,242 shares, compared to its average volume of 1,073,069. Five9 has a 52 week low of $116.93 and a 52 week high of $211.68. The firm’s 50-day simple moving average is $185.29 and its 200 day simple moving average is $176.19. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of -236.60 and a beta of 0.48. The company has a current ratio of 4.80, a quick ratio of 4.80 and a debt-to-equity ratio of 4.75.

Five9 (NASDAQ:FIVN) last announced its earnings results on Tuesday, July 27th. The software maker reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.09. Five9 had a negative return on equity of 2.67% and a negative net margin of 9.11%. The company had revenue of $143.78 million for the quarter, compared to analysts’ expectations of $132.46 million. During the same period last year, the firm earned $0.21 EPS. Five9’s revenue for the quarter was up 44.1% compared to the same quarter last year. On average, analysts predict that Five9 will post -0.22 earnings per share for the current year.

In other Five9 news, President Daniel P. Burkland sold 2,323 shares of the business’s stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of $169.58, for a total transaction of $393,934.34. Following the completion of the transaction, the president now owns 94,861 shares in the company, valued at $16,086,528.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Barry Zwarenstein sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, June 17th. The shares were sold at an average price of $175.93, for a total value of $2,199,125.00. Following the transaction, the chief financial officer now owns 93,701 shares of the company’s stock, valued at approximately $16,484,816.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,582 shares of company stock valued at $10,100,363. 2.50% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of FIVN. Dimensional Fund Advisors LP raised its stake in shares of Five9 by 12.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 68,172 shares of the software maker’s stock valued at $11,889,000 after acquiring an additional 7,323 shares in the last quarter. CWM LLC raised its stake in shares of Five9 by 165.9% during the first quarter. CWM LLC now owns 234 shares of the software maker’s stock valued at $37,000 after acquiring an additional 146 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Five9 during the first quarter valued at approximately $242,000. JustInvest LLC bought a new stake in shares of Five9 during the first quarter valued at approximately $244,000. Finally, NN Investment Partners Holdings N.V. raised its stake in Five9 by 124.0% in the first quarter. NN Investment Partners Holdings N.V. now owns 17,627 shares of the software maker’s stock worth $2,755,000 after buying an additional 9,759 shares in the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Five9 Company Profile

Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.

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Analyst Recommendations for Five9 (NASDAQ:FIVN)

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