Barclays Lowers Five9 (NASDAQ:FIVN) Price Target to $55.00

Five9 (NASDAQ:FIVN) had its price target lowered by Barclays from $75.00 to $55.00 in a research note published on Friday, Benzinga reports. The brokerage currently has an overweight rating on the software maker’s stock.

FIVN has been the topic of a number of other reports. UBS Group cut their price objective on Five9 from $90.00 to $81.00 and set a buy rating on the stock in a report on Friday, May 3rd. Robert W. Baird cut shares of Five9 from an outperform rating to a neutral rating and reduced their price objective for the stock from $90.00 to $40.00 in a research report on Friday. Wells Fargo & Company lowered their price target on Five9 from $85.00 to $80.00 and set an overweight rating on the stock in a research note on Monday, June 10th. Morgan Stanley dropped their price objective on shares of Five9 from $70.00 to $50.00 and set an equal weight rating for the company in a research note on Friday, June 14th. Finally, StockNews.com raised shares of Five9 from a sell rating to a hold rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Five9 currently has an average rating of Moderate Buy and a consensus price target of $65.82.

Five9 Stock Down 26.5 %

NASDAQ:FIVN traded down $11.25 during trading hours on Friday, reaching $31.22. The company’s stock had a trading volume of 13,572,495 shares, compared to its average volume of 1,377,451. The company has a market capitalization of $2.31 billion, a P/E ratio of -36.73 and a beta of 0.82. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02. Five9 has a 12 month low of $28.75 and a 12 month high of $92.40. The stock has a 50 day moving average price of $42.66 and a two-hundred day moving average price of $55.11.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The company had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $244.54 million. Equities analysts predict that Five9 will post -0.3 EPS for the current fiscal year.

Insider Activity at Five9

In other Five9 news, CEO Michael Burkland sold 12,386 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $573,471.80. Following the sale, the chief executive officer now directly owns 266,083 shares in the company, valued at $12,319,642.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Five9 news, CEO Michael Burkland sold 12,386 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total value of $573,471.80. Following the transaction, the chief executive officer now directly owns 266,083 shares in the company, valued at $12,319,642.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Andy Dignan sold 5,731 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $265,345.30. Following the sale, the chief operating officer now owns 124,172 shares of the company’s stock, valued at approximately $5,749,163.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,385 shares of company stock worth $2,418,755. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Five9

Hedge funds and other institutional investors have recently made changes to their positions in the company. Arcadia Investment Management Corp MI boosted its position in shares of Five9 by 46.8% in the 4th 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. US Bancorp DE lifted its stake in Five9 by 1.4% in the fourth quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock valued at $1,340,000 after buying an additional 228 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings 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 acquiring an additional 279 shares during the period. Headlands Technologies LLC increased its holdings in shares of Five9 by 136.0% in the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after acquiring an additional 306 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in Five9 by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 31,537 shares of the software maker’s stock valued at $2,482,000 after purchasing an additional 310 shares during 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.