Five9 (NASDAQ:FIVN) Price Target Lowered to $28.00 at Morgan Stanley

Five9 (NASDAQ:FIVN) had its price objective decreased by research analysts at Morgan Stanley from $48.00 to $28.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the software maker’s stock. Morgan Stanley’s target price points to a potential upside of 25.45% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Piper Sandler upped their price objective on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Cantor Fitzgerald reiterated an “overweight” rating on shares of Five9 in a research note on Wednesday, April 2nd. Needham & Company LLC restated a “buy” rating and set a $52.00 price objective on shares of Five9 in a research report on Friday, April 4th. Barclays upped their target price on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $58.00 price target on shares of Five9 in a research note on Friday, April 4th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.94.

Five9 Stock Down 1.3 %

Shares of NASDAQ:FIVN opened at $22.32 on Wednesday. The firm’s 50-day moving average is $31.20 and its two-hundred day moving average is $35.22. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9 has a 1 year low of $21.04 and a 1 year high of $60.81. The firm has a market capitalization of $1.69 billion, a PE ratio of -111.59, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). The company had revenue of $278.66 million for 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%. Analysts predict that Five9 will post 0.28 EPS for the current year.

Insider Activity at Five9

In other news, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the transaction, the executive vice president now owns 126,359 shares of the company’s stock, valued at approximately $4,220,390.60. This trade represents a 5.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Leena Mansharamani sold 1,135 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the sale, the chief accounting officer now directly owns 47,165 shares of the company’s stock, valued at approximately $1,424,383. This trade represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,574 shares of company stock worth $1,004,346. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FIVN. Lindbrook Capital LLC raised its holdings in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after buying an additional 520 shares during the period. Banque Transatlantique SA purchased a new stake in shares of Five9 during the fourth quarter valued at approximately $36,000. Johnson Financial Group Inc. acquired a new position in shares of Five9 during the fourth quarter worth $47,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after purchasing an additional 1,315 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Five9 by 3,955.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after purchasing an additional 2,571 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

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.