Cantor Fitzgerald Increases Five9 (NASDAQ:FIVN) Price Target to $57.00

Five9 (NASDAQ:FIVN) had its price objective lifted by Cantor Fitzgerald from $46.00 to $57.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

A number of other equities research analysts also recently weighed in on FIVN. Robert W. Baird lifted their price target on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Morgan Stanley lifted their price target on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Rosenblatt Securities lifted their price target on shares of Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday. Barclays lifted their price target on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, DA Davidson boosted their target price on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.22.

Five9 Trading Up 1.0 %

Shares of FIVN stock opened at $42.09 on Friday. Five9 has a 1 year low of $26.60 and a 1 year high of $65.71. The firm’s fifty day simple moving average is $40.57 and its 200 day simple moving average is $35.89. The firm has a market capitalization of $3.17 billion, a P/E ratio of -84.18, a price-to-earnings-growth ratio of 9.44 and a beta of 0.93. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 (NASDAQ:FIVN) last posted 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 return on equity of 1.53% and a negative net margin of 3.66%. The business had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. As a group, sell-side analysts predict that Five9 will post 0.11 EPS for the current year.

Insider Buying and Selling

In other Five9 news, CAO Leena Mansharamani sold 1,346 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the completion of the sale, the chief accounting officer now directly owns 35,526 shares of the company’s stock, valued at approximately $1,468,289.58. The trade was a 3.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,594 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total value of $521,391.60. Following the sale, the chief executive officer now directly owns 240,894 shares of the company’s stock, valued at $9,973,011.60. This represents a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock worth $1,209,279 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIVN. Signaturefd LLC raised its holdings in Five9 by 1,892.3% during 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 during the last quarter. Horrell Capital Management Inc. bought a new stake in Five9 during the 3rd quarter worth about $3,304,000. Janney Montgomery Scott LLC bought a new stake in Five9 during the 3rd quarter worth about $811,000. Harvey Capital Management Inc. bought a new stake in Five9 during the 3rd quarter worth about $1,717,000. Finally, State of New Jersey Common Pension Fund D raised its holdings in Five9 by 51.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 58,965 shares of the software maker’s stock worth $1,694,000 after purchasing an additional 20,040 shares during the last quarter. 96.64% of the stock is 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.