Five9 (NASDAQ:FIVN) PT Lowered to $80.00

Five9 (NASDAQ:FIVNGet Rating) had its price objective decreased by research analysts at Evercore ISI from $130.00 to $80.00 in a report released on Tuesday, The Fly reports. Evercore ISI’s price objective points to a potential upside of 48.75% from the stock’s current price.

Other research analysts have also issued research reports about the company. BTIG Research cut their price objective on Five9 from $125.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday. KeyCorp initiated coverage on Five9 in a report on Monday, September 12th. They set an “overweight” rating and a $124.00 price objective for the company. UBS Group cut their target price on Five9 from $180.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, July 25th. StockNews.com initiated coverage on Five9 in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. Finally, Wells Fargo & Company cut their target price on Five9 from $110.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.27.

Five9 Stock Down 0.6 %

Shares of NASDAQ FIVN opened at $53.78 on Tuesday. Five9 has a 12 month low of $46.61 and a 12 month high of $168.50. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 3.01. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of -45.58 and a beta of 0.63. The business has a 50-day moving average of $70.64 and a 200-day moving average of $89.96.

Insider Activity at Five9

In related news, Director Kimberly Alexy sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $78.67, for a total transaction of $196,675.00. Following the completion of the transaction, the director now owns 11,117 shares in the company, valued at $874,574.39. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Rowan M. Trollope sold 1,258 shares of the stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $90.74, for a total value of $114,150.92. Following the completion of the transaction, the chief executive officer now directly owns 119,724 shares in the company, valued at approximately $10,863,755.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kimberly Alexy sold 2,500 shares of the stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $78.67, for a total transaction of $196,675.00. Following the completion of the transaction, the director now owns 11,117 shares of the company’s stock, valued at $874,574.39. The disclosure for this sale can be found here. Insiders sold a total of 24,146 shares of company stock worth $2,409,790 over the last quarter. 2.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FIVN. First Horizon Advisors Inc. increased its stake in shares of Five9 by 1,247.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 283 shares of the software maker’s stock worth $25,000 after acquiring an additional 262 shares in the last quarter. Lindbrook Capital LLC grew its position in Five9 by 1,142.3% during the 2nd quarter. Lindbrook Capital LLC now owns 323 shares of the software maker’s stock valued at $29,000 after purchasing an additional 297 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Five9 during the 1st quarter valued at about $41,000. Vestor Capital LLC purchased a new stake in Five9 during the 1st quarter valued at about $42,000. Finally, Neo Ivy Capital Management grew its position in Five9 by 117.6% during the 2nd quarter. Neo Ivy Capital Management now owns 470 shares of the software maker’s stock valued at $42,000 after purchasing an additional 254 shares during the last quarter.

About Five9

(Get Rating)

Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.

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