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

Shares of Five9, Inc. (NASDAQ:FIVN) have been given a consensus recommendation of “Moderate Buy” by the eighteen research firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $58.18.

A number of analysts recently commented on FIVN shares. Piper Sandler boosted their target price on shares of Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $55.00 to $40.00 in a report on Tuesday, November 12th. 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. DA Davidson boosted their target price on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC increased their price target on Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, December 16th.

Insider Activity at Five9

In related news, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total value of $320,683.71. Following the transaction, the executive vice president now owns 69,009 shares in the company, valued at approximately $2,904,588.81. This represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Leena Mansharamani sold 1,346 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 owns 35,526 shares of the company’s stock, valued at $1,468,289.58. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,004 shares of company stock valued at $1,209,279. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FIVN. Raymond James & Associates boosted its stake in shares of Five9 by 10.6% during the 2nd quarter. Raymond James & Associates now owns 96,034 shares of the software maker’s stock worth $4,235,000 after acquiring an additional 9,167 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position in Five9 by 14.8% during the second quarter. Conestoga Capital Advisors LLC now owns 166,238 shares of the software maker’s stock worth $7,331,000 after purchasing an additional 21,390 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Five9 by 16.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,815 shares of the software maker’s stock worth $742,000 after purchasing an additional 2,376 shares during the period. Kopp Family Office LLC grew its holdings in Five9 by 48.2% during the second quarter. Kopp Family Office LLC now owns 352,075 shares of the software maker’s stock valued at $15,527,000 after purchasing an additional 114,583 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Five9 by 0.8% in the second quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock valued at $3,793,000 after purchasing an additional 673 shares during the period. Institutional investors own 96.64% of the company’s stock.

Five9 Price Performance

Shares of Five9 stock opened at $42.63 on Friday. Five9 has a 52 week low of $26.60 and a 52 week high of $81.72. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The company’s 50-day moving average price is $36.84 and its two-hundred day moving average price is $36.60. The stock has a market cap of $3.21 billion, a PE ratio of -85.26, a price-to-earnings-growth ratio of 28.88 and a beta of 0.92.

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.