Jefferies Financial Group Cuts Five9 (NASDAQ:FIVN) Price Target to $28.00

Five9 (NASDAQ:FIVN) had its price target reduced by investment analysts at Jefferies Financial Group from $45.00 to $28.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the software maker’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 11.73% from the company’s current price.

Several other brokerages also recently weighed in on FIVN. Mizuho lowered their target price on shares of Five9 from $55.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Barclays boosted their target price on Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. William Blair restated an “outperform” rating on shares of Five9 in a report on Thursday, March 13th. Cantor Fitzgerald reissued an “overweight” rating on shares of Five9 in a report on Wednesday, April 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Five9 from $45.00 to $23.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.17.

Five9 Stock Up 1.7 %

Shares of Five9 stock opened at $25.06 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $1.91 billion, a PE ratio of -125.29, a P/E/G ratio of 9.41 and a beta of 1.29. Five9 has a 52-week low of $21.04 and a 52-week high of $60.76. The business’s 50 day simple moving average is $29.06 and its 200 day simple moving average is $35.09.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The firm had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.70 million. On average, analysts predict that Five9 will post 0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Leena Mansharamani sold 1,135 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the sale, the chief accounting officer now owns 47,165 shares of the company’s stock, valued at $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the sale, the executive vice president now directly owns 126,359 shares of the company’s stock, valued at $4,220,390.60. This trade represents a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,574 shares of company stock worth $1,004,346. Insiders own 1.60% of the company’s stock.

Institutional Trading of Five9

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Five9 in the fourth quarter valued at $81,280,000. Ameriprise Financial Inc. increased its position in shares of Five9 by 353.3% during the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock valued at $97,356,000 after purchasing an additional 1,867,137 shares during the last quarter. Sylebra Capital LLC increased its holdings in shares of Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after buying an additional 1,396,496 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in Five9 in the 4th quarter valued at about $51,061,000. Finally, Wellington Management Group LLP lifted its position in Five9 by 50.9% during the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock worth $72,496,000 after acquiring an additional 601,348 shares during the period. 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, 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.