Five9 (NASDAQ:FIVN) Given New $57.00 Price Target at Cantor Fitzgerald

Five9 (NASDAQ:FIVN) had its price target boosted by Cantor Fitzgerald from $46.00 to $57.00 in a research note released on Friday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the software maker’s stock. Cantor Fitzgerald also issued estimates for Five9’s FY2025 earnings at $0.33 EPS.

Other analysts have also recently issued reports about the stock. Robert W. Baird raised their price target on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Rosenblatt Securities raised their price target on shares of Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley raised their price target on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Truist Financial restated a “buy” rating and set a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Finally, Piper Sandler raised their price target on shares of Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Five9 currently has a consensus rating of “Moderate Buy” and an average price target of $57.65.

Five9 Stock Up 1.0 %

FIVN stock opened at $42.09 on Friday. The firm’s 50-day simple moving average is $40.57 and its 200 day simple moving average is $35.84. The stock has a market cap of $3.17 billion, a PE ratio of -210.44, a price-to-earnings-growth ratio of 9.41 and a beta of 0.93. 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 has a fifty-two week low of $26.60 and a fifty-two week high of $65.71.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). The business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. As a group, sell-side analysts predict that Five9 will post 0.28 EPS for the current year.

Insider Transactions at Five9

In related news, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total value of $320,683.71. Following the sale, the executive vice president now directly owns 69,009 shares in the company, valued at $2,904,588.81. This represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Leena Mansharamani sold 1,346 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total value of $55,630.18. Following the completion of the sale, the chief accounting officer now owns 35,526 shares in the company, valued at $1,468,289.58. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,004 shares of company stock worth $1,209,279. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its stake in shares of Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after acquiring an additional 984 shares during the period. Lindbrook Capital LLC grew its stake in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after acquiring an additional 520 shares during the period. Banque Transatlantique SA purchased a new stake in Five9 during the 4th quarter worth about $36,000. Johnson Financial Group Inc. purchased a new stake in Five9 during the 4th quarter worth about $47,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after purchasing an additional 1,315 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.