Five9, Inc. (NASDAQ:FIVN) Given Consensus Rating of "Moderate Buy" by Brokerages

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

FIVN has been the subject of several recent research reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price target on shares of Five9 in a report on Tuesday, May 13th. Jefferies Financial Group cut 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. Wells Fargo & Company reduced their target price on Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Mizuho lowered their price target on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Finally, Piper Sandler increased their price objective on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, February 21st.

Five9 Stock Performance

Shares of NASDAQ:FIVN traded down $1.10 during midday trading on Friday, hitting $26.65. The company's stock had a trading volume of 1,181,197 shares, compared to its average volume of 1,695,360. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of -133.24, a PEG ratio of 9.41 and a beta of 1.20. The stock's 50 day simple moving average is $25.75 and its 200 day simple moving average is $33.52. Five9 has a fifty-two week low of $21.04 and a fifty-two week high of $49.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

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, 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 company had revenue of $279.71 million during the quarter, compared to analysts' expectations of $272.26 million. During the same period in the prior year, the business earned $0.48 earnings per share. Five9's revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, research analysts anticipate that Five9 will post 0.28 earnings per share for the current year.

Insider Transactions at Five9

In other Five9 news, CEO Michael Burkland sold 12,594 shares of Five9 stock in a transaction 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 completion of the transaction, the chief executive officer now owns 391,462 shares in the company, valued at approximately $10,636,022.54. The trade was a 3.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Leena Mansharamani sold 2,938 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $27.83, for a total value of $81,764.54. Following the sale, the chief accounting officer now owns 44,901 shares in the company, valued at $1,249,594.83. The trade was a 6.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,866 shares of company stock valued at $913,434 in the last three months. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five9

A number of hedge funds have recently added to or reduced their stakes in FIVN. Sylebra Capital LLC lifted its position in shares of Five9 by 59.4% during the fourth 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. Ameriprise Financial Inc. increased its holdings in shares of Five9 by 14.8% in the first quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker's stock valued at $74,649,000 after purchasing an additional 353,939 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in 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 during the last quarter. Van Berkom & Associates Inc. lifted its holdings in Five9 by 14.2% during the 1st quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker's stock worth $58,122,000 after buying an additional 266,484 shares in the last quarter. Finally, Armistice Capital LLC boosted its position in Five9 by 6.5% in the 1st quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker's stock valued at $56,961,000 after buying an additional 127,793 shares during the last quarter. Institutional investors own 96.64% of the company's stock.

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.