Analysts Set Five9, Inc. (NASDAQ:FIVN) Target Price at $58.18

Five9, Inc. (NASDAQ:FIVN) has been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are covering the stock, Marketbeat.com reports. Five equities 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 analysts that have issued ratings on the stock in the last year is $58.18.

A number of analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Wells Fargo & Company downgraded Five9 from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Rosenblatt Securities lifted their price target on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Truist Financial reissued a “buy” rating and set a $65.00 price objective on shares of Five9 in a report on Tuesday, December 17th. Finally, DA Davidson lifted their target price on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 8th.

Insider Buying and Selling at Five9

In related news, COO Andy Dignan sold 4,109 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction of $171,961.65. Following the transaction, the chief operating officer now owns 115,818 shares of the company’s stock, valued at approximately $4,846,983.30. This trade represents a 3.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total transaction of $320,683.71. Following the completion of the transaction, the executive vice president now owns 69,009 shares in the company, valued at approximately $2,904,588.81. The trade was a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock worth $1,209,279 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers boosted its holdings in Five9 by 0.8% during the 2nd quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock valued at $3,793,000 after acquiring an additional 673 shares during the period. Signaturefd LLC boosted its stake in shares of Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Five9 during the second quarter valued at approximately $57,000. Arizona State Retirement System grew its holdings in shares of Five9 by 8.9% in the second quarter. Arizona State Retirement System now owns 20,673 shares of the software maker’s stock worth $912,000 after purchasing an additional 1,693 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Five9 by 13.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker’s stock worth $548,000 after buying an additional 2,254 shares during the period. 96.64% of the stock is owned by institutional investors.

Five9 Price Performance

NASDAQ FIVN opened at $42.39 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a market cap of $3.19 billion, a PE ratio of -84.78, a price-to-earnings-growth ratio of 28.88 and a beta of 0.92. Five9 has a 52 week low of $26.60 and a 52 week high of $81.72. The firm’s 50-day simple moving average is $37.08 and its two-hundred day simple moving average is $36.59.

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.