Five9, Inc. (NASDAQ:FIVN) Receives $43.15 Consensus Price Target from Analysts

Shares of Five9, Inc. (NASDAQ:FIVN - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-two ratings firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $43.15.

Several brokerages have commented on FIVN. William Blair reissued an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Jefferies Financial Group lowered their target price on Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Royal Bank Of Canada boosted their target price on Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. KeyCorp began coverage on Five9 in a research note on Friday, June 6th. They set an "overweight" rating and a $35.00 target price for the company. Finally, Morgan Stanley lowered their target price 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.

Insider Activity

In other Five9 news, CFO Bryan M. Lee sold 1,798 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total transaction of $50,847.44. Following the transaction, the chief financial officer directly owned 126,468 shares in the company, valued at approximately $3,576,515.04. This represents a 1.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Burkland sold 12,594 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $27.17, for a total value of $342,178.98. Following the transaction, the chief executive officer owned 391,462 shares in the company, valued at $10,636,022.54. The trade was a 3.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,866 shares of company stock worth $913,042. Company insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Five9

A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in shares of Five9 in the 4th quarter worth $81,280,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Five9 by 292.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker's stock worth $72,745,000 after purchasing an additional 1,996,628 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Five9 by 353.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker's stock worth $97,356,000 after purchasing an additional 1,867,137 shares in the last quarter. Sylebra Capital LLC lifted 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 purchasing an additional 1,396,496 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Five9 in the 4th quarter worth $51,061,000. 96.64% of the stock is currently owned by institutional investors.

Five9 Price Performance

FIVN traded up $1.32 on Tuesday, hitting $29.13. 2,216,248 shares of the stock were exchanged, compared to its average volume of 1,772,399. Five9 has a 12 month low of $21.04 and a 12 month high of $49.90. The business has a 50-day moving average of $27.04 and a two-hundred day moving average of $31.63. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of -323.63, a PEG ratio of 2.64 and a beta of 1.19.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.14. The business had revenue of $279.71 million during the quarter, compared to analysts' expectations of $272.26 million. Five9 had a negative net margin of 0.48% and a positive return on equity of 6.06%. Five9's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share. Sell-side 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.