Five9 (NASDAQ:FIVN) Price Target Raised to $52.00 at Needham & Company LLC

Five9 (NASDAQ:FIVN) had its target price hoisted by analysts at Needham & Company LLC from $48.00 to $52.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s target price indicates a potential upside of 21.69% from the stock’s current price.

Several other analysts also recently issued reports on FIVN. DA Davidson lifted their target price on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Robert W. Baird raised their target price on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Rosenblatt Securities increased their price objective on shares of Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 8th. Truist Financial reiterated a “buy” rating and issued a $65.00 target price on shares of Five9 in a research report on Tuesday, August 27th. Finally, Wells Fargo & Company downgraded Five9 from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $55.00 to $40.00 in a research note on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Five9 presently has an average rating of “Moderate Buy” and a consensus price target of $57.65.

Five9 Stock Up 0.3 %

Shares of FIVN stock opened at $42.73 on Monday. 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 one year low of $26.60 and a one year high of $82.61. The company’s fifty day moving average price is $35.80 and its 200-day moving average price is $36.69. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of -86.24, a PEG ratio of 28.88 and a beta of 0.92.

Insider Transactions at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,346 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the sale, the chief accounting officer now owns 35,526 shares of the company’s stock, valued at approximately $1,468,289.58. This trade represents a 3.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andy Dignan sold 4,109 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $171,961.65. Following the sale, the chief operating officer now owns 115,818 shares of the company’s stock, valued at $4,846,983.30. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Five9

Institutional investors have recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Five9 during the second quarter valued at about $57,000. Quest Partners LLC purchased a new position in shares of Five9 in the 3rd quarter valued at approximately $95,000. nVerses Capital LLC acquired a new stake in Five9 in the 3rd quarter worth approximately $141,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Five9 during the third quarter worth $145,000. 96.64% of the stock is currently owned by 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.