Five9, Inc. (NASDAQ:FIVN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Five9, Inc. (NASDAQ:FIVN) has been assigned a consensus rating of “Moderate Buy” from the nineteen research firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $59.22.

Several research analysts have recently weighed in on FIVN shares. Barclays decreased their target price on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Morgan Stanley lowered their target price on Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Northland Securities cut their price target on Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Rosenblatt Securities raised their price objective on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $55.00 to $40.00 in a research report on Tuesday, November 12th.

Five9 Stock Down 0.8 %

NASDAQ FIVN opened at $41.28 on Monday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $92.40. The business has a 50 day moving average price of $32.72 and a two-hundred day moving average price of $37.35. The stock has a market cap of $3.10 billion, a PE ratio of -82.56, a P/E/G ratio of 24.91 and a beta of 0.85.

Insiders Place Their Bets

In related news, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total value of $42,561.45. Following the sale, the chief accounting officer now owns 36,872 shares of the company’s stock, valued at $1,124,964.72. This trade represents a 3.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.27, for a total transaction of $381,250.65. Following the transaction, the chief executive officer now directly owns 253,488 shares of the company’s stock, valued at $7,673,081.76. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,888 shares of company stock valued at $1,010,720 over the last three months. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Several large investors have recently added to or reduced their stakes in the business. Synovus Financial Corp grew its stake in shares of Five9 by 34.2% in the third quarter. Synovus Financial Corp now owns 13,272 shares of the software maker’s stock worth $381,000 after purchasing an additional 3,385 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Five9 in the third quarter worth about $4,154,000. Sanctuary Advisors LLC bought a new position in Five9 in the 3rd quarter valued at about $145,000. Vestcor Inc increased its stake in Five9 by 42.9% during the 3rd quarter. Vestcor Inc now owns 50,000 shares of the software maker’s stock valued at $1,437,000 after buying an additional 15,000 shares during the period. Finally, Bullseye Asset Management LLC raised its position in shares of Five9 by 13.7% during the 3rd quarter. Bullseye Asset Management LLC now owns 103,768 shares of the software maker’s stock worth $2,981,000 after buying an additional 12,500 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

About Five9

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.