Five9, Inc. (NASDAQ:FIVN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Five9, Inc. (NASDAQ:FIVN) have earned a consensus rating of “Moderate Buy” from the nineteen research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $63.35.

Several equities analysts have issued reports on the stock. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Morgan Stanley decreased their price target on shares of Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, June 14th. Barclays decreased their price target on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Truist Financial decreased their price target on shares of Five9 from $100.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Monday, August 5th.

Five9 Price Performance

FIVN stock opened at $33.77 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. Five9 has a 1 year low of $28.75 and a 1 year high of $92.40. The company has a 50 day simple moving average of $40.63 and a 200 day simple moving average of $52.25. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of -39.73 and a beta of 0.82.

Insider Buying and Selling

In other Five9 news, CFO Barry Zwarenstein sold 10,291 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $42.64, for a total transaction of $438,808.24. Following the transaction, the chief financial officer now owns 107,255 shares in the company, valued at $4,573,353.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Five9 news, CEO Michael Burkland sold 12,386 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $573,471.80. Following the transaction, the chief executive officer now owns 266,083 shares in the company, valued at $12,319,642.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Barry Zwarenstein sold 10,291 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $42.64, for a total transaction of $438,808.24. Following the transaction, the chief financial officer now owns 107,255 shares in the company, valued at approximately $4,573,353.20. The disclosure for this sale can be found here. Insiders have sold a total of 53,385 shares of company stock valued at $2,418,755 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Arcadia Investment Management Corp MI raised its holdings in shares of Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after purchasing an additional 144 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Five9 by 139.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after purchasing an additional 279 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of Five9 by 136.0% in the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after purchasing an additional 306 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after purchasing an additional 352 shares during the last quarter. Finally, Intrust Bank NA purchased a new stake in shares of Five9 in the fourth quarter valued at about $202,000. 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.