Brokerages Set Five9, Inc. (NASDAQ:FIVN) Price Target at $43.58

Five9, Inc. (NASDAQ:FIVN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-one brokerages that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $43.58.

FIVN has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on Five9 from $48.00 to $28.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Royal Bank of Canada boosted their price target on Five9 from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Jefferies Financial Group reduced their price objective on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company lowered their target price on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, UBS Group reduced their price target on shares of Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd.

Insider Activity at Five9

In related news, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. This trade represents a 2.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the sale, the chief executive officer now owns 404,056 shares in the company, valued at approximately $14,396,515.28. This represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,574 shares of company stock worth $1,004,346 in the last ninety days. 1.60% of the stock is owned by insiders.

Institutional Trading of Five9

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lindbrook Capital LLC raised its position in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after buying an additional 520 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of Five9 during the 4th quarter worth about $36,000. Johnson Financial Group Inc. bought a new stake in shares of Five9 during the 4th quarter worth about $47,000. Steward Partners Investment Advisory LLC raised its position in shares of 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 buying an additional 1,315 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Five9 by 419.2% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker's stock worth $61,000 after buying an additional 1,811 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

Five9 Stock Down 1.4%

Shares of NASDAQ FIVN traded down $0.37 during trading on Monday, reaching $26.59. 1,856,304 shares of the stock were exchanged, compared to its average volume of 1,684,341. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -132.94, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23. The business's 50-day moving average price is $25.83 and its 200 day moving average price is $34.52. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a twelve month low of $21.04 and a twelve month high of $50.70.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results 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 company had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The company's revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 EPS. As a group, 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.