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

Five9, Inc. (NASDAQ:FIVN) has been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $57.50.

A number of brokerages recently commented on FIVN. Rosenblatt Securities lifted their target price on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Morgan Stanley boosted their target price on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Robert W. Baird raised their price target on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price objective on shares of Five9 in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th.

Five9 Stock Down 3.3 %

Shares of NASDAQ FIVN opened at $40.12 on Friday. The stock has a market capitalization of $3.02 billion, a P/E ratio of -80.24, a PEG ratio of 9.48 and a beta of 0.93. Five9 has a one year low of $26.60 and a one year high of $77.21. The firm’s 50 day simple moving average is $40.70 and its two-hundred day simple moving average is $35.98. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Insider Activity at Five9

In related news, CAO Leena Mansharamani sold 1,346 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total transaction of $55,630.18. Following the sale, the chief accounting officer now owns 35,526 shares of the company’s stock, valued at $1,468,289.58. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total transaction of $320,683.71. Following the transaction, the executive vice president now directly owns 69,009 shares of the company’s stock, valued at $2,904,588.81. This represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock worth $1,209,279 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Five9

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC grew its stake in shares of Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after acquiring an additional 984 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after purchasing an additional 520 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Five9 during the 4th quarter valued at about $47,000. Steward Partners Investment Advisory LLC increased its stake in 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, Quest Partners LLC purchased a new position in Five9 in the third quarter worth about $95,000. Hedge funds and other institutional investors 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.