Five9, Inc. (NASDAQ:FIVN) Receives $83.87 Consensus Price Target from Analysts

Shares of Five9, Inc. (NASDAQ:FIVNGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $84.50.

Several research analysts have weighed in on the company. KeyCorp dropped their target price on Five9 from $93.00 to $86.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Canaccord Genuity Group cut their price objective on shares of Five9 from $90.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Barclays decreased their target price on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Royal Bank of Canada started coverage on shares of Five9 in a research note on Friday, March 15th. They set an “outperform” rating and a $80.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on shares of Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th.

Check Out Our Latest Stock Report on FIVN

Insider Buying and Selling

In other Five9 news, EVP Panos Kozanian sold 6,893 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $319,145.90. Following the sale, the executive vice president now owns 94,477 shares of the company’s stock, valued at approximately $4,374,285.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Leena Mansharamani sold 1,542 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.27, for a total transaction of $71,348.34. Following the completion of the transaction, the chief accounting officer now owns 38,267 shares of the company’s stock, valued at $1,770,614.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Panos Kozanian sold 6,893 shares of Five9 stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $319,145.90. Following the sale, the executive vice president now directly owns 94,477 shares in the company, valued at $4,374,285.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,250 shares of company stock valued at $1,585,729. Insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

A number of hedge funds have recently modified their holdings of the company. Arcadia Investment Management Corp MI increased its position in shares of Five9 by 46.8% during 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 period. Global Wealth Management Investment Advisory Inc. raised its stake in shares of Five9 by 139.5% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after buying an additional 279 shares in the last quarter. Headlands Technologies LLC lifted its holdings in shares of Five9 by 136.0% during the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after acquiring an additional 306 shares during the period. Intrust Bank NA acquired a new stake in shares of Five9 during the 4th quarter valued at about $202,000. Finally, Inceptionr LLC bought a new stake in Five9 in the fourth quarter valued at about $215,000. Institutional investors own 96.64% of the company’s stock.

Five9 Stock Performance

Shares of FIVN opened at $42.99 on Monday. The company has a market capitalization of $3.18 billion, a PE ratio of -50.58 and a beta of 0.81. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02. The company’s 50 day moving average price is $54.75 and its 200 day moving average price is $66.32. Five9 has a 52 week low of $41.79 and a 52 week high of $92.40.

Five9 (NASDAQ:FIVNGet Free Report) last issued its earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.13. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The company had revenue of $247.01 million during the quarter, compared to analyst estimates of $239.72 million. Research analysts expect that Five9 will post -0.23 EPS for the current fiscal year.

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. 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.

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Analyst Recommendations for Five9 (NASDAQ:FIVN)

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