Five9, Inc. (NASDAQ:FIVN) Receives Consensus Rating of “Moderate Buy” from Analysts

Five9, Inc. (NASDAQ:FIVN) has received an average rating of “Moderate Buy” from the seventeen brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $87.80.

Several analysts have commented on the stock. Royal Bank of Canada assumed coverage on shares of Five9 in a research note on Friday, March 15th. They issued an “outperform” rating and a $80.00 target price for the company. Wells Fargo & Company reduced their target price on Five9 from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. KeyCorp dropped their price target on Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Piper Sandler lifted their price objective on Five9 from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. Finally, Barclays dropped their target price on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd.

Insider Transactions at Five9

In other news, COO Andy Dignan sold 7,340 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction of $420,435.20. Following the transaction, the chief operating officer now owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Five9

Large investors have recently bought and sold shares of the business. Arcadia Investment Management Corp MI increased its stake in shares of Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after purchasing an additional 144 shares during the period. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Five9 by 139.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after purchasing an additional 279 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Five9 in the first quarter valued at approximately $41,000. Headlands Technologies LLC increased its stake in shares of Five9 by 136.0% in the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after purchasing an additional 306 shares during the period. Finally, Neo Ivy Capital Management increased its stake 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 period. Institutional investors own 96.64% of the company’s stock.

Five9 Trading Down 2.1 %

Shares of FIVN opened at $59.54 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.53 and a quick ratio of 5.53. The firm has a 50 day simple moving average of $64.40 and a 200-day simple moving average of $68.98. Five9 has a 1-year low of $51.01 and a 1-year high of $92.40. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of -52.69 and a beta of 0.83.

Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.14. The firm had revenue of $239.06 million during the quarter, compared to analysts’ expectations of $237.64 million. Five9 had a negative net margin of 8.98% and a negative return on equity of 12.51%. Equities analysts forecast that Five9 will post -0.42 EPS for the current fiscal year.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.