Five9, Inc. (NASDAQ:FIVN) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Five9, Inc. has received an average recommendation of "Moderate Buy" from 20 research firms, with a 12-month price target averaging $37.88.
• Recent analyst reports show a mix of ratings, with Zacks upgrading the stock from "hold" to "strong buy", while Piper Sandler adjusted their price target down to $31.00.
• Insider transactions indicate active selling, with the CAO and CEO selling a combined total of 21,394 shares recently, showing a decrease in their positions.

Five9, Inc. (NASDAQ:FIVN - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $37.8824.

A number of research analysts have recently weighed in on FIVN shares. Piper Sandler dropped their price objective on shares of Five9 from $36.00 to $31.00 and set an "overweight" rating for the company in a research note on Monday, July 14th. DA Davidson reiterated a "neutral" rating and issued a $28.00 price target on shares of Five9 in a report on Friday, September 12th. Zacks Research upgraded shares of Five9 from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Wells Fargo & Company initiated coverage on shares of Five9 in a report on Tuesday, September 30th. They set an "equal weight" rating and a $28.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Five9 from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd.

Insider Transactions at Five9

In other Five9 news, CAO Leena Mansharamani sold 2,969 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $25.85, for a total value of $76,748.65. Following the transaction, the chief accounting officer owned 41,522 shares in the company, valued at $1,073,343.70. The trade was a 6.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Burkland sold 18,425 shares of the business's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.72, for a total transaction of $473,891.00. Following the completion of the sale, the chief executive officer directly owned 367,562 shares of the company's stock, valued at $9,453,694.64. The trade was a 4.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,781 shares of company stock worth $1,563,724 over the last three months. Insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Five9

Institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC bought a new stake in shares of Five9 during the 2nd quarter valued at about $32,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Five9 by 419.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker's stock worth $61,000 after acquiring an additional 1,811 shares during the period. Quarry LP acquired a new stake in Five9 during the first quarter valued at approximately $74,000. CWM LLC lifted its stake in Five9 by 800.6% during the third quarter. CWM LLC now owns 3,179 shares of the software maker's stock valued at $77,000 after purchasing an additional 2,826 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Five9 by 11,392.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,218 shares of the software maker's stock valued at $87,000 after purchasing an additional 3,190 shares during the last quarter. Institutional investors own 96.64% of the company's stock.

Five9 Trading Down 1.8%

Shares of Five9 stock opened at $21.87 on Thursday. Five9 has a 12-month low of $20.48 and a 12-month high of $49.90. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04. The stock has a market cap of $1.69 billion, a PE ratio of 243.03, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19. The company has a 50-day moving average of $25.16 and a two-hundred day moving average of $25.90.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share (EPS) for the quarter. Five9 had a net margin of 0.80% and a return on equity of 8.91%. The company had revenue of $283.27 million during the quarter. On average, research analysts anticipate 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.

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