Five9, Inc. (NASDAQ:FIVN) Receives $200.75 Average Target Price from Brokerages

Five9, Inc. (NASDAQ:FIVN) has earned an average rating of “Hold” from the twenty brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $197.08.

FIVN has been the subject of several recent research reports. Colliers Securities lowered Five9 from a “buy” rating to a “neutral” rating in a report on Tuesday. Needham & Company LLC cut Five9 from a “buy” rating to a “hold” rating in a report on Monday. Craig Hallum downgraded shares of Five9 from a “buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a report on Tuesday. Roth Capital reiterated a “hold” rating on shares of Five9 in a research report on Friday, May 28th. Finally, Piper Sandler increased their price objective on Five9 from $212.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, April 30th.

NASDAQ FIVN opened at $189.19 on Monday. The business’s 50-day moving average is $176.42. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of -266.46 and a beta of 0.50. The company has a debt-to-equity ratio of 5.42, a quick ratio of 6.50 and a current ratio of 6.50. Five9 has a 52-week low of $107.77 and a 52-week high of $201.75.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, April 29th. The software maker reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.35. The company had revenue of $137.88 million for the quarter, compared to analyst estimates of $122.55 million. Five9 had a negative net margin of 9.84% and a positive return on equity of 0.23%. On average, equities analysts forecast that Five9 will post -0.41 EPS for the current year.

In other Five9 news, Director Michael J. Burdiek sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 4th. The stock was sold at an average price of $172.00, for a total transaction of $172,000.00. Following the transaction, the director now owns 15,248 shares of the company’s stock, valued at approximately $2,622,656. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Barry Zwarenstein sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, July 19th. The stock was sold at an average price of $186.75, for a total value of $2,334,375.00. Following the sale, the chief financial officer now owns 90,785 shares in the company, valued at approximately $16,954,098.75. The disclosure for this sale can be found here. In the last three months, insiders sold 136,313 shares of company stock worth $22,831,306. 2.50% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Huntington National Bank increased its stake in shares of Five9 by 102.1% during the 1st quarter. Huntington National Bank now owns 192 shares of the software maker’s stock worth $30,000 after purchasing an additional 97 shares during the last quarter. Ellevest Inc. boosted its stake in shares of Five9 by 166.7% during the 1st quarter. Ellevest Inc. now owns 200 shares of the software maker’s stock worth $31,000 after acquiring an additional 125 shares during the period. CWM LLC increased its holdings in shares of Five9 by 165.9% during the 1st quarter. CWM LLC now owns 234 shares of the software maker’s stock worth $37,000 after acquiring an additional 146 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in Five9 during the first quarter worth $39,000. Finally, State of Alaska Department of Revenue increased its holdings in shares of Five9 by 45.2% in the first quarter. State of Alaska Department of Revenue now owns 257 shares of the software maker’s stock valued at $40,000 after purchasing an additional 80 shares during the last quarter. 97.82% of the stock is owned by institutional investors.

About Five9

Five9, Inc, together with its subsidiaries, provides 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.

Further Reading: Outstanding Shares

Analyst Recommendations for Five9 (NASDAQ:FIVN)

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