Five9 (NASDAQ:FIVN) PT Lowered to $37.00 at Morgan Stanley

Five9 (NASDAQ:FIVN) had its price target decreased by Morgan Stanley from $45.00 to $37.00 in a research note issued to investors on Tuesday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the software maker’s stock.

Other analysts have also issued research reports about the company. Barclays cut their target price on Five9 from $75.00 to $55.00 and set an overweight rating on the stock in a research report on Friday, August 9th. StockNews.com upgraded Five9 from a sell rating to a hold rating in a report on Thursday, August 8th. Wells Fargo & Company lowered their target price on Five9 from $80.00 to $65.00 and set an overweight rating for the company in a report on Friday, August 9th. Robert W. Baird downgraded Five9 from an outperform rating to a neutral rating and dropped their target price for the company from $90.00 to $40.00 in a research report on Friday, August 9th. Finally, Northland Securities reduced their price target on shares of Five9 from $95.00 to $50.00 and set an outperform rating on the stock in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Five9 has a consensus rating of Moderate Buy and an average target price of $62.59.

Five9 Stock Performance

NASDAQ FIVN opened at $30.41 on Tuesday. The stock has a fifty day simple moving average of $30.63 and a 200-day simple moving average of $42.73. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The stock has a market cap of $2.25 billion, a PE ratio of -35.78 and a beta of 0.85. Five9 has a twelve month low of $26.60 and a twelve month high of $92.40.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The company had revenue of $252.09 million during the quarter, compared to analyst estimates of $244.54 million. Equities analysts anticipate that Five9 will post -0.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Andy Dignan sold 4,245 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.26, for a total value of $128,453.70. Following the transaction, the chief operating officer now owns 119,927 shares in the company, valued at approximately $3,628,991.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Andy Dignan sold 4,245 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total value of $128,453.70. Following the completion of the sale, the chief operating officer now directly owns 119,927 shares of the company’s stock, valued at $3,628,991.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,130 shares of company stock valued at $1,212,594 in the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FIVN. SG Americas Securities LLC purchased a new stake in Five9 in the 3rd quarter valued at $1,429,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Five9 in the second quarter valued at $57,000. Sylebra Capital LLC raised its holdings in shares of Five9 by 28.4% in the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after buying an additional 666,681 shares during the last quarter. Clearline Capital LP acquired a new stake in shares of Five9 during the second quarter worth about $1,606,000. Finally, Dark Forest Capital Management LP purchased a new position in shares of Five9 during the second quarter worth about $336,000. 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.