Barclays Issues Pessimistic Forecast for Five9 (NASDAQ:FIVN) Stock Price

Five9 (NASDAQ:FIVN - Get Free Report) had its price objective dropped by equities research analysts at Barclays from $60.00 to $33.00 in a report issued on Monday, MarketBeat reports. The firm presently has an "overweight" rating on the software maker's stock. Barclays's price target points to a potential upside of 24.25% from the stock's current price.

A number of other research firms have also issued reports on FIVN. Rosenblatt Securities reiterated a "buy" rating and set a $36.00 price objective on shares of Five9 in a research note on Friday, May 2nd. Needham & Company LLC lowered their price target on shares of Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company reduced their price objective 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. Evercore ISI decreased their target price on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, UBS Group cut their price target on shares of Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $43.58.

Five9 Stock Performance

Shares of Five9 stock traded up $0.21 on Monday, reaching $26.56. 1,685,257 shares of the company traded hands, compared to its average volume of 1,660,519. The company has a 50 day moving average of $26.44 and a 200 day moving average of $34.68. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9 has a 52 week low of $21.04 and a 52 week high of $55.45. The firm has a market capitalization of $2.03 billion, a PE ratio of -132.79, a PEG ratio of 9.41 and a beta of 1.23.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.14. The firm had revenue of $279.71 million for the quarter, compared to analyst estimates of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business's revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. Equities analysts forecast that Five9 will post 0.28 earnings per share for the current year.

Insider Transactions at Five9

In related news, CFO Barry Zwarenstein sold 2,468 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $82,011.64. Following the completion of the transaction, the chief financial officer now owns 92,583 shares of the company's stock, valued at approximately $3,076,533.09. This represents a 2.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Leena Mansharamani sold 1,517 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $50,409.91. Following the sale, the chief accounting officer now owns 48,300 shares of the company's stock, valued at $1,605,009. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,574 shares of company stock worth $1,004,346 in the last quarter. Company insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Five9

Several institutional investors have recently added to or reduced their stakes in the company. Sylebra Capital LLC grew its position in Five9 by 59.4% in the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock worth $152,228,000 after acquiring an additional 1,396,496 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Five9 by 353.3% during 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 during the period. Van Berkom & Associates Inc. lifted its holdings in shares of Five9 by 14.2% in 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 during the period. Norges Bank bought a new stake in Five9 during the 4th quarter valued at $81,280,000. Finally, Wellington Management Group LLP boosted its position in Five9 by 50.9% during the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock valued at $72,496,000 after purchasing an additional 601,348 shares in the last quarter. Hedge funds and other 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.