Five9, Inc. (NASDAQ:FIVN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Five9, Inc. (NASDAQ:FIVN) have received a consensus recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $59.22.

A number of research analysts have recently issued reports on the company. Robert W. Baird boosted their target price on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Piper Sandler lifted their target price on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th. Finally, Bank of America raised Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Monday, August 5th.

Insider Activity at Five9

In related news, CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. This represents a 4.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Daniel P. Burkland sold 3,628 shares of Five9 stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.57, for a total transaction of $110,907.96. Following the completion of the transaction, the executive now owns 128,926 shares in the company, valued at approximately $3,941,267.82. This trade represents a 2.74 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,888 shares of company stock worth $1,010,720. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. ProShare Advisors LLC acquired a new stake in Five9 during the first quarter worth about $247,000. Vanguard Group Inc. raised its holdings in Five9 by 2.1% in the first quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock valued at $461,948,000 after buying an additional 150,786 shares during the period. BOKF NA lifted its position in Five9 by 1.7% during the first quarter. BOKF NA now owns 39,846 shares of the software maker’s stock valued at $2,445,000 after buying an additional 657 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Five9 by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,827 shares of the software maker’s stock worth $2,785,000 after buying an additional 2,480 shares during the period. Finally, Silvercrest Asset Management Group LLC purchased a new stake in Five9 during the first quarter worth approximately $7,217,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Price Performance

Shares of FIVN opened at $41.28 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $92.40. The firm has a 50-day simple moving average of $32.72 and a 200-day simple moving average of $37.35. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of -82.56, a price-to-earnings-growth ratio of 24.91 and a beta of 0.85.

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.