Five9, Inc. (NASDAQ:FIVN) Receives $37.88 Average Target Price from Brokerages

Five9, Inc. (NASDAQ:FIVN) has been given an average rating of “Moderate Buy” by the twenty analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $37.8824.

FIVN has been the subject of several analyst reports. Wall Street Zen raised Five9 from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Piper Sandler reduced their target price on Five9 from $36.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, July 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Five9 in a report on Wednesday, October 8th. Zacks Research raised Five9 from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 target price on shares of Five9 in a report on Friday, August 1st.

Insider Activity

In related news, President Andy Dignan sold 7,614 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $25.48, for a total transaction of $194,004.72. Following the transaction, the president directly owned 218,125 shares of the company’s stock, valued at approximately $5,557,825. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Burkland sold 18,425 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $25.72, for a total value of $473,891.00. Following the transaction, the chief executive officer directly owned 367,562 shares in the company, valued at $9,453,694.64. The trade was a 4.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,781 shares of company stock valued at $1,563,724 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Xponance Inc. raised its position in Five9 by 4.4% during the first quarter. Xponance Inc. now owns 9,835 shares of the software maker’s stock valued at $267,000 after buying an additional 414 shares during the period. State of Wyoming increased its position in Five9 by 11.5% in the 1st quarter. State of Wyoming now owns 5,260 shares of the software maker’s stock worth $143,000 after purchasing an additional 543 shares during the last quarter. California State Teachers Retirement System increased its position in Five9 by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 69,189 shares of the software maker’s stock worth $1,832,000 after purchasing an additional 549 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Five9 by 3.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 18,685 shares of the software maker’s stock worth $495,000 after purchasing an additional 583 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Five9 by 10.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,240 shares of the software maker’s stock worth $271,000 after purchasing an additional 953 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Stock Performance

Shares of Five9 stock opened at $21.56 on Thursday. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 1.04. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 239.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The business has a fifty day simple moving average of $25.03 and a 200-day simple moving average of $25.81. Five9 has a fifty-two week low of $20.48 and a fifty-two week high of $49.90.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. The business had revenue of $283.27 million during the quarter. Five9 had a return on equity of 8.91% and a net margin of 0.80%. On average, equities analysts forecast that Five9 will post 0.28 EPS for the current fiscal year.

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.