Five9 (NASDAQ:FIVN) Price Target Lowered to $40.00 at Evercore ISI

Five9 (NASDAQ:FIVN - Free Report) had its price objective trimmed by Evercore ISI from $55.00 to $40.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the software maker's stock.

FIVN has been the subject of a number of other research reports. Barclays boosted their target price on shares of Five9 from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Mizuho reduced their target price on Five9 from $55.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Five9 in a research note on Wednesday, April 2nd. Morgan Stanley reduced their price objective on Five9 from $48.00 to $28.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Piper Sandler lifted their target price on shares of Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $43.58.

Five9 Stock Performance

NASDAQ:FIVN traded up $0.41 during trading hours on Friday, reaching $25.24. The company had a trading volume of 2,803,070 shares, compared to its average volume of 1,654,042. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $1.92 billion, a PE ratio of -126.19, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23. The business's 50 day moving average price is $27.45 and its 200-day moving average price is $34.91. Five9 has a 1-year low of $21.04 and a 1-year high of $58.76.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The firm had revenue of $279.71 million during the quarter, compared to analyst estimates of $272.26 million. During the same quarter in the previous year, the business earned $0.48 EPS. Five9's revenue for the quarter was up 13.2% compared to the same quarter last year. Research analysts forecast that Five9 will post 0.28 EPS for the current year.

Insider Activity at Five9

In other news, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction dated Tuesday, March 11th. The shares were 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 approximately $1,424,383. This represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the sale, the chief executive officer now owns 404,056 shares in the company, valued at approximately $14,396,515.28. This trade represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FIVN. Lindbrook Capital LLC grew its holdings in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after purchasing an additional 520 shares during the last quarter. Banque Transatlantique SA acquired a new stake in shares of Five9 in the fourth quarter valued at approximately $36,000. Johnson Financial Group Inc. acquired a new position in shares of Five9 in the 4th quarter valued at $47,000. Steward Partners Investment Advisory LLC grew its position 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 worth $54,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock valued at $107,000 after buying an additional 2,571 shares during the last quarter. Hedge funds and other institutional investors 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.