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

Five9, Inc. (NASDAQ:FIVN) has earned an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $58.18.

Several equities analysts recently commented on FIVN shares. Truist Financial reaffirmed a “buy” rating and set a $65.00 price objective on shares of Five9 in a research note on Tuesday, December 17th. DA Davidson boosted their price target on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Robert W. Baird increased their price objective on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Morgan Stanley boosted their target price on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Rosenblatt Securities raised their price target on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 8th.

Insider Transactions at Five9

In related news, COO Andy Dignan sold 4,109 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $171,961.65. Following the completion of the transaction, the chief operating officer now directly owns 115,818 shares in the company, valued at $4,846,983.30. This trade represents a 3.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Burkland sold 12,594 shares of Five9 stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total transaction of $521,391.60. Following the transaction, the chief executive officer now owns 240,894 shares of the company’s stock, valued at $9,973,011.60. The trade was a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,004 shares of company stock valued at $1,209,279. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

A number of institutional investors have recently made changes to their positions in the company. FMR LLC lifted its position in Five9 by 2.4% during the third quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock valued at $320,620,000 after purchasing an additional 259,820 shares during the period. Sylebra Capital LLC grew its position in Five9 by 28.4% during the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after buying an additional 666,681 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Five9 by 14.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock valued at $47,919,000 after buying an additional 210,836 shares during the last quarter. Van Berkom & Associates Inc. raised its position in Five9 by 52.3% in the second quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after acquiring an additional 446,151 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of Five9 by 14.9% during the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after acquiring an additional 98,543 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Stock Down 0.0 %

FIVN stock opened at $42.38 on Friday. The stock has a 50-day simple moving average of $37.57 and a two-hundred day simple moving average of $36.63. Five9 has a twelve month low of $26.60 and a twelve month high of $81.72. The firm has a market capitalization of $3.19 billion, a PE ratio of -84.76, a PEG ratio of 28.88 and a beta of 0.92. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.