Five9 (NASDAQ:FIVN) Given New $81.00 Price Target at UBS Group

Five9 (NASDAQ:FIVN) had its price objective reduced by equities researchers at UBS Group from $90.00 to $81.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. UBS Group’s price target points to a potential upside of 39.94% from the stock’s previous close.

Other analysts have also issued research reports about the stock. KeyCorp lowered their target price on shares of 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 increased their price objective on shares of Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. Royal Bank of Canada began coverage on shares of Five9 in a report on Friday, March 15th. They issued an “outperform” rating and a $80.00 target price on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $80.00 target price on shares of Five9 in a report on Friday. Finally, Canaccord Genuity Group cut their price target on Five9 from $90.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.88.

Five9 Stock Up 2.0 %

Shares of Five9 stock opened at $57.88 on Friday. The business has a 50-day moving average price of $59.98 and a 200 day moving average price of $68.49. Five9 has a fifty-two week low of $51.01 and a fifty-two week high of $92.40. The firm has a market cap of $4.27 billion, a P/E ratio of -68.09 and a beta of 0.85. The company has a quick ratio of 5.53, a current ratio of 5.53 and a debt-to-equity ratio of 1.38.

Five9 (NASDAQ:FIVN) last issued 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 company had revenue of $239.06 million during the quarter, compared to analyst estimates of $237.64 million. Five9 had a negative return on equity of 9.03% and a negative net margin of 6.56%. On average, sell-side analysts forecast that Five9 will post -0.42 earnings per share for the current fiscal year.

Insider Transactions at Five9

In related news, COO Andy Dignan sold 7,340 shares of Five9 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 sale, the chief operating officer now directly owns 129,559 shares in the company, valued at $7,421,139.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI lifted its position in Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after purchasing an additional 144 shares during the period. Global Wealth Management Investment Advisory Inc. increased its position in shares of Five9 by 139.5% during the 4th 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. Headlands Technologies LLC raised its stake in shares of Five9 by 136.0% in the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after buying an additional 306 shares in the last quarter. Intrust Bank NA acquired a new stake in shares of Five9 in the fourth quarter valued at $202,000. Finally, Orion Portfolio Solutions LLC boosted its stake in Five9 by 15.7% during the third quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker’s stock valued at $214,000 after buying an additional 452 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 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.