Five9 (NASDAQ:FIVN - Get Free Report) had its target price decreased by stock analysts at Wells Fargo & Company from $45.00 to $23.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the software maker's stock. Wells Fargo & Company's target price would suggest a potential downside of 8.22% from the company's previous close.
A number of other research firms also recently issued reports on FIVN. Mizuho reduced their price objective on Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. 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 report on Friday, February 21st. Needham & Company LLC restated a "buy" rating and issued a $52.00 target price on shares of Five9 in a report on Friday, April 4th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $65.00 price target on shares of Five9 in a report on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Five9 presently has an average rating of "Moderate Buy" and a consensus price target of $51.47.
Get Our Latest Stock Analysis on FIVN
Five9 Price Performance
Shares of FIVN stock traded up $0.43 during mid-day trading on Tuesday, hitting $25.06. The company had a trading volume of 1,302,169 shares, compared to its average volume of 1,621,366. 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 stock's 50 day moving average price is $29.06 and its 200-day moving average price is $35.05. Five9 has a 52-week low of $21.04 and a 52-week high of $60.76. The company has a market capitalization of $1.90 billion, a P/E ratio of -125.29, a P/E/G ratio of 9.41 and a beta of 1.29.
Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The company had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. Equities research analysts forecast that Five9 will post 0.28 earnings per share for the current year.
Insider Buying and Selling
In other Five9 news, CFO Barry Zwarenstein sold 2,468 shares of Five9 stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $82,011.64. Following the completion of the sale, the chief financial officer now directly owns 92,583 shares of the company's stock, valued at $3,076,533.09. The trade was a 2.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the transaction, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. The trade was a 2.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,574 shares of company stock valued at $1,004,346 in the last 90 days. Company insiders own 1.60% of the company's stock.
Institutional Trading of Five9
A number of hedge funds have recently added to or reduced their stakes in FIVN. Ameritas Advisory Services LLC raised its holdings in shares of Five9 by 116.4% in the 1st quarter. Ameritas Advisory Services LLC now owns 23,811 shares of the software maker's stock valued at $650,000 after purchasing an additional 12,806 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in Five9 during the first quarter valued at approximately $1,402,000. Oppenheimer & Co. Inc. raised its stake in Five9 by 54.5% in the first quarter. Oppenheimer & Co. Inc. now owns 76,069 shares of the software maker's stock worth $2,065,000 after buying an additional 26,836 shares in the last quarter. Advisor Resource Council purchased a new stake in Five9 during the first quarter worth $1,885,000. Finally, Lumbard & Kellner LLC bought a new stake in Five9 during the 1st quarter valued at $3,024,000. 96.64% of the stock is owned by hedge funds and other institutional investors.
Five9 Company Profile
(
Get Free Report)
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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