Five9, Inc. (NASDAQ:FIVN) Receives $56.76 Consensus Target Price from Brokerages

Shares of Five9, Inc. (NASDAQ:FIVN) have been given an average recommendation of “Moderate Buy” by the nineteen research firms that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $56.76.

FIVN has been the subject of several recent analyst reports. Cantor Fitzgerald raised their price target on Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Truist Financial reiterated a “buy” rating and set a $65.00 price objective on shares of Five9 in a research note on Tuesday, December 17th. William Blair reiterated an “outperform” rating on shares of Five9 in a research note on Thursday, March 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Five9 in a report on Wednesday, March 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 price objective on shares of Five9 in a report on Monday, March 17th.

Five9 Price Performance

Shares of FIVN opened at $27.08 on Friday. The company has a 50 day moving average price of $36.06 and a 200-day moving average price of $35.83. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $2.05 billion, a PE ratio of -135.39, a PEG ratio of 9.41 and a beta of 1.01. Five9 has a fifty-two week low of $26.34 and a fifty-two week high of $63.30.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The firm had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. Equities analysts predict that Five9 will post 0.28 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the sale, the chief executive officer now directly owns 404,056 shares of the company’s stock, valued at approximately $14,396,515.28. The trade was a 3.02 % 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 the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the sale, the executive vice president now owns 126,359 shares of the company’s stock, valued at approximately $4,220,390.60. This represents a 5.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,874 shares of company stock valued at $985,446. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five9

A number of large investors have recently bought and sold shares of FIVN. Lindbrook Capital LLC increased its holdings in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after buying an additional 520 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Five9 during the 4th quarter worth about $36,000. Johnson Financial Group Inc. purchased a new stake in Five9 in the 4th quarter worth approximately $47,000. Steward Partners Investment Advisory LLC increased its stake in 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 last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of 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 acquiring an additional 2,571 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

About Five9

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.