Five9, Inc. (NASDAQ:FIVN) Receives $87.60 Consensus Target Price from Brokerages

Shares of Five9, Inc. (NASDAQ:FIVNGet Free Report) have been given a consensus rating of “Moderate Buy” by the sixteen research firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $87.60.

Several brokerages have issued reports on FIVN. William Blair reissued an “outperform” rating on shares of Five9 in a research report on Friday, November 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Five9 in a report on Tuesday, December 5th. Wells Fargo & Company lifted their target price on shares of Five9 from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, December 5th. Piper Sandler lifted their target price on shares of Five9 from $84.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, January 12th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $100.00 target price on shares of Five9 in a report on Tuesday, December 5th.

Read Our Latest Stock Report on Five9

Five9 Price Performance

Shares of NASDAQ:FIVN opened at $75.36 on Tuesday. Five9 has a 12 month low of $51.01 and a 12 month high of $92.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 5.18 and a quick ratio of 5.18. The firm has a market capitalization of $5.48 billion, a P/E ratio of -65.53 and a beta of 0.93. The company’s fifty day moving average price is $78.04 and its 200 day moving average price is $72.37.

Five9 (NASDAQ:FIVNGet Free Report) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.08. Five9 had a negative net margin of 9.44% and a negative return on equity of 14.18%. The company had revenue of $230.11 million for the quarter, compared to the consensus estimate of $224.10 million. As a group, sell-side analysts predict that Five9 will post -0.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Five9 news, COO Andy Dignan sold 4,815 shares of Five9 stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $79.12, for a total transaction of $380,962.80. Following the completion of the transaction, the chief operating officer now owns 104,777 shares in the company, valued at $8,289,956.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Five9

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIVN. Sylebra Capital LLC acquired a new position in Five9 during the third quarter worth about $129,467,000. T. Rowe Price Investment Management Inc. raised its position in shares of Five9 by 402.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,848,061 shares of the software maker’s stock valued at $125,410,000 after buying an additional 1,479,988 shares during the last quarter. Norges Bank acquired a new position in shares of Five9 in the fourth quarter valued at approximately $55,363,000. Wellington Management Group LLP raised its position in shares of Five9 by 22.9% in the first quarter. Wellington Management Group LLP now owns 3,775,202 shares of the software maker’s stock valued at $416,783,000 after buying an additional 703,002 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Five9 by 166.4% in the second quarter. Point72 Asset Management L.P. now owns 817,582 shares of the software maker’s stock valued at $67,410,000 after buying an additional 510,688 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Company Profile

(Get Free Report

Five9, Inc, together with its subsidiaries, provides intelligent 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.

Further Reading

Analyst Recommendations for Five9 (NASDAQ:FIVN)

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