Five9, Inc. (NASDAQ:FIVN) Given Consensus Rating of “Moderate Buy” by Brokerages

Five9, Inc. (NASDAQ:FIVN) has earned an average rating of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, 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 12-month price objective among analysts that have issued ratings on the stock in the last year is $57.65.

Several analysts recently commented on FIVN shares. Rosenblatt Securities raised their price objective on Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Cantor Fitzgerald raised their price objective on Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Piper Sandler raised their price objective on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Wells Fargo & Company downgraded Five9 from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $55.00 to $40.00 in a research note on Tuesday, November 12th. Finally, Morgan Stanley raised their price objective on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th.

Insider Activity

In other news, CAO Leena Mansharamani sold 1,517 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $50,409.91. Following the completion of the transaction, the chief accounting officer now owns 48,300 shares in the company, valued at $1,605,009. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Barry Zwarenstein sold 2,468 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $82,011.64. Following the completion of the transaction, the chief financial officer now owns 92,583 shares of the company’s stock, valued at $3,076,533.09. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,039 shares of company stock worth $930,029 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Menard Financial Group LLC bought a new position in Five9 during the fourth quarter worth about $206,000. Jefferies Financial Group Inc. bought a new position in Five9 during the fourth quarter worth about $1,048,000. Sylebra Capital LLC grew its holdings in Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after purchasing an additional 1,396,496 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Five9 by 261.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 682,728 shares of the software maker’s stock worth $27,746,000 after purchasing an additional 493,709 shares during the period. Finally, Tremblant Capital Group grew its holdings in Five9 by 24.3% during the fourth quarter. Tremblant Capital Group now owns 654,174 shares of the software maker’s stock worth $26,586,000 after purchasing an additional 127,979 shares during the period. Institutional investors own 96.64% of the company’s stock.

Five9 Stock Performance

FIVN stock opened at $32.48 on Wednesday. The business’s fifty day moving average is $39.31 and its 200-day moving average is $35.97. 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 $2.46 billion, a P/E ratio of -162.39, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. Five9 has a twelve month low of $26.60 and a twelve month high of $63.79.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data 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 business 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%. Equities research analysts forecast that Five9 will post 0.28 EPS for the current year.

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.