Five9’s (FIVN) “Buy” Rating Reiterated at Truist Financial

Truist Financial reissued their buy rating on shares of Five9 (NASDAQ:FIVN) in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a $65.00 target price on the software maker’s stock.

Several other research analysts have also recently commented on the stock. Piper Sandler raised their target price on shares of Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Needham & Company LLC lifted their price objective on Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a report on Monday. Rosenblatt Securities increased their target price on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 8th. DA Davidson raised their price target on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.18.

Five9 Trading Up 0.6 %

FIVN stock opened at $41.48 on Tuesday. Five9 has a 52 week low of $26.60 and a 52 week high of $81.72. The company has a market capitalization of $3.12 billion, a PE ratio of -82.96, a price-to-earnings-growth ratio of 28.88 and a beta of 0.92. The company’s 50-day simple moving average is $36.59 and its 200 day simple moving average is $36.72. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

Insider Activity

In related news, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total transaction of $320,683.71. Following the completion of the transaction, the executive vice president now directly owns 69,009 shares of the company’s stock, valued at $2,904,588.81. This trade represents a 9.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $171,961.65. Following the transaction, the chief operating officer now directly owns 115,818 shares in the company, valued at $4,846,983.30. The trade was a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,004 shares of company stock valued at $1,209,279. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Five9

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC boosted its holdings in Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after acquiring an additional 984 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Five9 in the 2nd quarter valued at $57,000. Quest Partners LLC acquired a new stake in shares of Five9 during the third quarter worth $95,000. nVerses Capital LLC bought a new position in Five9 during the third quarter worth $141,000. Finally, Sanctuary Advisors LLC acquired a new position in Five9 in the third quarter valued at $145,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

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.