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

Shares of Five9, Inc. (NASDAQ:FIVN) have been assigned an average rating of “Moderate Buy” from the nineteen analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $63.35.

Several analysts recently commented on FIVN shares. Morgan Stanley cut their target price on shares of Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, June 14th. Truist Financial reissued a “buy” rating and set a $65.00 price objective on shares of Five9 in a research note on Tuesday, August 27th. Baird R W lowered Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Rosenblatt Securities decreased their price target on Five9 from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Northland Securities cut their price objective on Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 9th.

Insider Activity at Five9

In other Five9 news, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total value of $381,250.65. Following the transaction, the chief executive officer now directly owns 253,488 shares of the company’s stock, valued at approximately $7,673,081.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total value of $381,250.65. Following the completion of the sale, the chief executive officer now owns 253,488 shares of the company’s stock, valued at approximately $7,673,081.76. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Barry Zwarenstein sold 4,408 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total value of $118,883.76. Following the completion of the transaction, the chief financial officer now owns 101,732 shares in the company, valued at approximately $2,743,712.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,337 shares of company stock valued at $1,491,971. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

Several institutional investors and hedge funds have recently modified their holdings of the business. Quent Capital LLC increased its position in Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after buying an additional 352 shares during the last quarter. Inceptionr LLC bought a new position in shares of Five9 in the 4th quarter valued at approximately $215,000. Cetera Advisors LLC acquired a new stake in Five9 in the 1st quarter worth approximately $226,000. KLR Investment Advisors LLC bought a new stake in Five9 during the fourth quarter worth approximately $244,000. Finally, ProShare Advisors LLC acquired a new position in Five9 during the first quarter valued at approximately $247,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Stock Down 1.4 %

FIVN opened at $28.39 on Wednesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market capitalization of $2.10 billion, a PE ratio of -33.40 and a beta of 0.86. The stock’s fifty day moving average is $36.64 and its 200-day moving average is $47.23. Five9 has a one year low of $26.60 and a one year high of $92.40.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The firm had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $244.54 million. On average, equities analysts predict that Five9 will post -0.09 EPS for the current fiscal year.

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.