Five9 (NASDAQ:FIVN) Price Target Lowered to $28.00 at Jefferies Financial Group

Five9 (NASDAQ:FIVN - Free Report) had its price objective decreased by Jefferies Financial Group from $45.00 to $28.00 in a research note published on Monday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the software maker's stock.

A number of other brokerages also recently commented on FIVN. Piper Sandler increased their price target on Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Needham & Company LLC restated a "buy" rating and set a $52.00 price objective on shares of Five9 in a research note on Friday, April 4th. Barclays upped their price objective on Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $65.00 target price on shares of Five9 in a research note on Wednesday, March 19th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $50.17.

Five9 Price Performance

Five9 stock traded down $0.19 during mid-day trading on Monday, hitting $25.14. 1,517,095 shares of the company were exchanged, compared to its average volume of 1,634,377. 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 business's 50 day simple moving average is $28.40 and its two-hundred day simple moving average is $34.98. The company has a market capitalization of $1.92 billion, a P/E ratio of -125.69, a PEG ratio of 9.41 and a beta of 1.29. Five9 has a 12-month low of $21.04 and a 12-month high of $60.76.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate 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 business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Analysts forecast that Five9 will post 0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction that occurred on 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 represents a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Barry Zwarenstein sold 2,468 shares of the 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 transaction, the chief financial officer now directly owns 92,583 shares in the company, valued at $3,076,533.09. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,574 shares of company stock valued at $1,004,346. Company insiders own 1.60% of the company's stock.

Institutional Trading of Five9

Large investors have recently bought and sold shares of the company. Norges Bank purchased a new position in Five9 in the 4th quarter worth approximately $81,280,000. Ameriprise Financial Inc. boosted its holdings in 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 buying an additional 1,867,137 shares during the period. Sylebra Capital LLC boosted its stake in Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock valued at $152,228,000 after buying an additional 1,396,496 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Five9 in the 4th quarter worth approximately $51,061,000. Finally, Wellington Management Group LLP increased its stake in Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after acquiring an additional 601,348 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Five9 Company Profile

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.