Analysts Set Five9, Inc. (NASDAQ:FIVN) Price Target at $57.50

Five9, Inc. (NASDAQ:FIVN) has received an average rating of “Moderate Buy” from the nineteen analysts that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $57.50.

A number of brokerages recently weighed in on FIVN. Robert W. Baird boosted their price target on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Truist Financial reissued a “buy” rating and issued a $65.00 target price on shares of Five9 in a report on Tuesday, December 17th. Needham & Company LLC reissued a “buy” rating and issued a $52.00 target price on shares of Five9 in a research report on Tuesday, January 21st. Cantor Fitzgerald began coverage on Five9 in a research report on Friday, January 17th. They set an “overweight” rating and a $46.00 price target on the stock. Finally, Morgan Stanley increased their price objective on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th.

Five9 Stock Up 0.3 %

Shares of NASDAQ:FIVN opened at $41.00 on Friday. The firm has a 50 day simple moving average of $40.76 and a 200-day simple moving average of $35.98. Five9 has a twelve month low of $26.60 and a twelve month high of $79.43. 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 $3.08 billion, a PE ratio of -82.00, a P/E/G ratio of 9.48 and a beta of 0.93.

Insider Buying and Selling

In other news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total transaction of $320,683.71. Following the sale, the executive vice president now owns 69,009 shares in the company, valued at $2,904,588.81. This trade represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Andy Dignan sold 4,109 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction of $171,961.65. Following the completion of the transaction, the chief operating officer now owns 115,818 shares of the company’s stock, valued at $4,846,983.30. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,004 shares of company stock valued at $1,209,279. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

A number of institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Five9 by 10.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker’s stock valued at $156,000 after acquiring an additional 365 shares in the last quarter. Arizona State Retirement System boosted its holdings in Five9 by 2.0% in the fourth quarter. Arizona State Retirement System now owns 21,694 shares of the software maker’s stock valued at $882,000 after purchasing an additional 424 shares during the last quarter. Lindbrook Capital LLC grew its stake in Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Five9 by 3.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,739 shares of the software maker’s stock worth $802,000 after purchasing an additional 670 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

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.