Five9 (NASDAQ:FIVN) PT Lowered to $90.00

Five9 (NASDAQ:FIVN) had its price target lowered by equities research analysts at Rosenblatt Securities from $105.00 to $90.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Rosenblatt Securities’ price target suggests a potential upside of 59.01% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Morgan Stanley reduced their target price on shares of Five9 from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, October 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Five9 in a research note on Tuesday, August 8th. Piper Sandler upped their price objective on shares of Five9 from $89.00 to $94.00 in a research note on Tuesday, August 8th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Five9 in a research note on Tuesday, September 19th. Finally, KeyCorp upped their price objective on shares of Five9 from $81.00 to $104.00 and gave the company an “overweight” rating in a research note on Friday, July 21st. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and an average price target of $83.14.

Five9 Trading Down 0.9 %

FIVN opened at $56.60 on Friday. Five9 has a fifty-two week low of $46.61 and a fifty-two week high of $89.58. The company has a debt-to-equity ratio of 1.62, a current ratio of 5.32 and a quick ratio of 5.32. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of -47.17 and a beta of 0.78. The company’s 50 day moving average price is $65.64 and its two-hundred day moving average price is $69.67.

Five9 (NASDAQ:FIVN) last posted its earnings results on Monday, August 7th. The software maker reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.12. Five9 had a negative net margin of 10.12% and a negative return on equity of 17.08%. The firm had revenue of $222.88 million for the quarter, compared to analyst estimates of $214.11 million. As a group, research analysts predict that Five9 will post -1.06 earnings per share for the current year.

Insiders Place Their Bets

In other Five9 news, CRO Daniel P. Burkland sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $86.38, for a total transaction of $691,040.00. Following the transaction, the executive now owns 109,875 shares in the company, valued at $9,491,002.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of Five9

Institutional investors and hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in shares of Five9 in the first quarter valued at about $41,000. Neo Ivy Capital Management raised its holdings in shares of Five9 by 117.6% in the second 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. Quarry LP purchased a new stake in shares of Five9 in the first quarter valued at about $43,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Five9 by 77.8% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 640 shares of the software maker’s stock worth $44,000 after buying an additional 280 shares during the last quarter. Finally, CWM LLC increased its holdings in Five9 by 43.8% during the second quarter. CWM LLC now owns 883 shares of the software maker’s stock worth $73,000 after buying an additional 269 shares during the last quarter. Hedge funds and other institutional investors 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 and internationally. The company offers 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.