Brokerages Set Five9, Inc. (NASDAQ:FIVN) Price Target at $147.53

Five9, Inc. (NASDAQ:FIVNGet Rating) has earned an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seventeen have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $147.53.

A number of research analysts recently issued reports on FIVN shares. KeyCorp began coverage on shares of Five9 in a research note on Monday, September 12th. They issued an “overweight” rating and a $124.00 price target for the company. Jefferies Financial Group decreased their price objective on shares of Five9 from $130.00 to $125.00 in a research report on Monday, May 23rd. Piper Sandler dropped their target price on shares of Five9 from $166.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, July 13th. Morgan Stanley decreased their price target on Five9 from $160.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Five9 in a report on Monday, August 15th. They issued a “hold” rating and a $120.00 price target for the company.

Five9 Trading Up 1.4 %

Shares of Five9 stock opened at $82.96 on Friday. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 3.01. Five9 has a 12-month low of $80.34 and a 12-month high of $174.40. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of -70.30 and a beta of 0.63. The firm’s 50 day simple moving average is $100.61 and its two-hundred day simple moving average is $100.56.

Five9 (NASDAQ:FIVNGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The software maker reported ($0.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.05. The firm had revenue of $189.38 million for the quarter, compared to the consensus estimate of $180.08 million. Five9 had a negative net margin of 11.70% and a negative return on equity of 27.15%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.14) earnings per share. Analysts predict that Five9 will post -0.9 EPS for the current year.

Insider Activity at Five9

In other Five9 news, CAO Leena Mansharamani sold 820 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $90.74, for a total transaction of $74,406.80. Following the completion of the sale, the chief accounting officer now directly owns 14,752 shares in the company, valued at approximately $1,338,596.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Barry Zwarenstein sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $100.07, for a total transaction of $1,000,700.00. Following the completion of the sale, the chief financial officer now directly owns 78,573 shares of the company’s stock, valued at approximately $7,862,800.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Leena Mansharamani sold 820 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $90.74, for a total value of $74,406.80. Following the sale, the chief accounting officer now directly owns 14,752 shares of the company’s stock, valued at $1,338,596.48. The disclosure for this sale can be found here. Insiders sold 44,555 shares of company stock worth $4,642,927 in the last quarter. 2.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Five9

A number of hedge funds and other institutional investors have recently made changes to their positions in FIVN. First Horizon Advisors Inc. grew its holdings in shares of Five9 by 1,247.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 283 shares of the software maker’s stock worth $25,000 after purchasing an additional 262 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Five9 by 1,142.3% in the second quarter. Lindbrook Capital LLC now owns 323 shares of the software maker’s stock worth $29,000 after purchasing an additional 297 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Five9 in the first quarter worth $41,000. Vestor Capital LLC acquired a new position in Five9 in the first quarter worth $42,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in Five9 by 29.5% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 448 shares of the software maker’s stock worth $50,000 after purchasing an additional 102 shares in the last quarter.

About Five9

(Get Rating)

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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.

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Analyst Recommendations for Five9 (NASDAQ:FIVN)

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