Mizuho Cuts Five9 (NASDAQ:FIVN) Price Target to $42.00

Five9 (NASDAQ:FIVN) had its price target lowered by Mizuho from $55.00 to $42.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the software maker’s stock.

Other equities analysts also recently issued research reports about the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Five9 in a research note on Wednesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $65.00 price target on shares of Five9 in a report on Wednesday, March 19th. Truist Financial restated a “buy” rating and set a $65.00 price objective on shares of Five9 in a research note on Tuesday, December 17th. Morgan Stanley upped their target price on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Finally, William Blair reissued an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Five9 presently has an average rating of “Moderate Buy” and an average price target of $54.94.

Five9 Stock Down 1.3 %

FIVN stock opened at $22.32 on Tuesday. The stock’s 50 day simple moving average is $31.20 and its 200 day simple moving average is $35.22. The company has a market cap of $1.69 billion, a P/E ratio of -111.59, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9 has a fifty-two week low of $21.04 and a fifty-two week high of $60.81.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The firm had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. On average, research analysts expect that Five9 will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Five9

In other news, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,165 shares in the company, valued at approximately $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the sale, the chief executive officer now directly owns 404,056 shares in the company, valued at $14,396,515.28. This trade represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,574 shares of company stock valued at $1,004,346 over the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Five9

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC boosted its position in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after acquiring an additional 520 shares during the period. Banque Transatlantique SA bought a new position in Five9 in the 4th quarter valued at $36,000. Johnson Financial Group Inc. bought a new position in Five9 in the 4th quarter valued at $47,000. Steward Partners Investment Advisory LLC grew its position in shares of Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after purchasing an additional 2,571 shares during the period. 96.64% of the stock is currently owned by institutional investors.

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.