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

Five9, Inc. (NASDAQ:FIVN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eighteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $84.88.

A number of equities analysts have weighed in on FIVN shares. Morgan Stanley decreased their target price on shares of Five9 from $80.00 to $70.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of Five9 in a research note on Friday, May 3rd. Royal Bank of Canada started coverage on shares of Five9 in a research note on Friday, March 15th. They set an "outperform" rating and a $80.00 target price for the company. Wells Fargo & Company decreased their target price on shares of Five9 from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, May 3rd. Finally, UBS Group cut their price target on shares of Five9 from $90.00 to $81.00 and set a "buy" rating on the stock in a report on Friday, May 3rd.

Insider Buying and Selling

In other news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction of $420,435.20. Following the transaction, the chief operating officer now owns 129,559 shares in the company, valued at approximately $7,421,139.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Five9

Institutional investors and hedge funds have recently modified their holdings of the company. Verdence Capital Advisors LLC boosted its stake in shares of Five9 by 12.5% in the third quarter. Verdence Capital Advisors LLC now owns 5,329 shares of the software maker's stock worth $343,000 after acquiring an additional 591 shares during the period. TD Asset Management Inc increased its holdings in Five9 by 2.4% in the 3rd quarter. TD Asset Management Inc now owns 51,604 shares of the software maker's stock valued at $3,318,000 after acquiring an additional 1,200 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Five9 by 8.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 352,904 shares of the software maker's stock worth $22,692,000 after purchasing an additional 27,329 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of Five9 by 0.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 139,258 shares of the software maker's stock valued at $8,954,000 after purchasing an additional 892 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in shares of Five9 by 15.7% during the third quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker's stock valued at $214,000 after purchasing an additional 452 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

Five9 Trading Down 1.4 %

FIVN stock traded down $0.76 during trading on Thursday, reaching $53.56. The company had a trading volume of 1,690,923 shares, compared to its average volume of 1,319,848. Five9 has a 52 week low of $51.01 and a 52 week high of $92.40. The company has a market cap of $3.96 billion, a P/E ratio of -63.91 and a beta of 0.85. The business has a 50 day moving average of $59.61 and a 200 day moving average of $68.36. The company has a debt-to-equity ratio of 2.41, a current ratio of 7.02 and a quick ratio of 7.02.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $0.14. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The company had revenue of $239.06 million during the quarter, compared to the consensus estimate of $237.64 million. As a group, sell-side analysts forecast that Five9 will post -0.42 earnings per share for the current fiscal year.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.