Five9 (NASDAQ:FIVN) Price Target Raised to $60.00 at Barclays

Five9 (NASDAQ:FIVN) had its price target raised by Barclays from $55.00 to $60.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

FIVN has been the topic of several other research reports. Truist Financial reiterated a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Morgan Stanley raised their price target on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $55.00 to $40.00 in a report on Tuesday, November 12th. Piper Sandler raised their price target on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Robert W. Baird raised their price target on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.22.

Five9 Price Performance

Shares of FIVN stock opened at $42.09 on Friday. The stock’s fifty day moving average is $40.57 and its 200-day moving average is $35.89. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $3.17 billion, a PE ratio of -84.18, a PEG ratio of 9.44 and a beta of 0.93. Five9 has a 52 week low of $26.60 and a 52 week high of $65.71.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). The business had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. Equities research analysts expect that Five9 will post 0.11 EPS for the current fiscal year.

Insider Transactions at Five9

In related news, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $171,961.65. Following the sale, the chief operating officer now owns 115,818 shares of the company’s stock, valued at approximately $4,846,983.30. This trade represents a 3.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $320,683.71. Following the completion of the sale, the executive vice president now directly owns 69,009 shares in the company, valued at approximately $2,904,588.81. This represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock valued at $1,209,279 over the last 90 days. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Five9

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC raised its position in Five9 by 2.4% in the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock valued at $320,620,000 after buying an additional 259,820 shares during the last quarter. Sylebra Capital LLC raised its position in Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after buying an additional 1,396,496 shares during the last quarter. Ameriprise Financial Inc. raised its position in Five9 by 353.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock valued at $97,356,000 after buying an additional 1,867,137 shares during the last quarter. Norges Bank acquired a new stake in Five9 in the 4th quarter valued at approximately $81,280,000. Finally, Wellington Management Group LLP raised its position in Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after buying an additional 601,348 shares during 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.