Five9, Inc. (NASDAQ:FIVN) Receives $59.22 Average Target Price from Analysts

Shares of Five9, Inc. (NASDAQ:FIVN) have earned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $59.22.

A number of analysts recently issued reports on the company. Baird R W downgraded Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Bank of America raised Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, August 5th. Piper Sandler lifted their target price on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and issued a $65.00 target price on shares of Five9 in a research report on Tuesday, August 27th. Finally, Robert W. Baird lifted their target price on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, November 11th.

Insider Buying and Selling at Five9

In other news, CAO Leena Mansharamani sold 1,395 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the sale, the chief accounting officer now owns 36,872 shares in the company, valued at $1,124,964.72. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Panos Kozanian sold 7,617 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total value of $228,662.34. Following the sale, the executive vice president now owns 76,628 shares of the company’s stock, valued at $2,300,372.56. This trade represents a 9.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,888 shares of company stock worth $1,010,720. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Five9

Large investors have recently modified their holdings of the stock. Signaturefd LLC raised its stake in shares of Five9 by 1,892.3% during the third 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. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Five9 during the second quarter worth $57,000. Quest Partners LLC acquired a new position in Five9 during the third quarter worth $95,000. nVerses Capital LLC acquired a new position in Five9 during the third quarter worth $141,000. Finally, Sanctuary Advisors LLC acquired a new position in Five9 during the third quarter worth $145,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Stock Up 1.8 %

Shares of NASDAQ:FIVN opened at $41.61 on Monday. The business has a 50-day moving average price of $32.19 and a 200 day moving average price of $37.63. 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 has a market capitalization of $3.13 billion, a price-to-earnings ratio of -83.22, a PEG ratio of 24.73 and a beta of 0.85. Five9 has a 12-month low of $26.60 and a 12-month high of $92.40.

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.