Five9 (NASDAQ:FIVN - Get Free Report) had its target price lowered by equities research analysts at Canaccord Genuity Group from $90.00 to $75.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the software maker's stock. Canaccord Genuity Group's price objective would suggest a potential upside of 28.76% from the company's previous close.
A number of other research analysts also recently weighed in on the company. KeyCorp cut their price objective on Five9 from $93.00 to $86.00 and set an "overweight" rating on the stock in a research note on Thursday, February 22nd. Piper Sandler raised their price objective on Five9 from $84.00 to $86.00 and gave the company an "overweight" rating in a research note on Friday, January 12th. Morgan Stanley dropped their price target on Five9 from $80.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 17th. Royal Bank of Canada initiated coverage on Five9 in a research report on Friday, March 15th. They issued an "outperform" rating and a $80.00 price target on the stock. Finally, Barclays dropped their price target on Five9 from $105.00 to $95.00 and set an "overweight" rating on the stock in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Five9 currently has an average rating of "Moderate Buy" and an average target price of $86.13.
Read Our Latest Report on FIVN
Five9 Stock Up 2.0 %
Shares of Five9 stock traded up $1.16 during trading on Monday, hitting $58.25. 1,051,296 shares of the stock traded hands, compared to its average volume of 1,305,934. The stock has a market cap of $4.30 billion, a P/E ratio of -50.52 and a beta of 0.83. The company has a debt-to-equity ratio of 1.38, a quick ratio of 5.53 and a current ratio of 5.53. Five9 has a twelve month low of $51.01 and a twelve month high of $92.40. The company has a fifty day moving average price of $62.57 and a two-hundred day moving average price of $68.83.
Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.14. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. The business had revenue of $239.06 million for the quarter, compared to the consensus estimate of $237.64 million. Equities research analysts predict that Five9 will post -0.42 EPS for the current fiscal year.
Insider Activity
In related news, COO Andy Dignan sold 7,340 shares of the business's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the sale, the chief operating officer now owns 129,559 shares of the company's stock, valued at approximately $7,421,139.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by company insiders.
Institutional Trading of Five9
Several institutional investors have recently bought and sold shares of FIVN. Arcadia Investment Management Corp MI boosted its stake in Five9 by 46.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker's stock valued at $36,000 after buying an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. boosted its stake in Five9 by 139.5% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker's stock valued at $38,000 after buying an additional 279 shares in the last quarter. Headlands Technologies LLC boosted its stake in Five9 by 136.0% in the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker's stock valued at $42,000 after buying an additional 306 shares in the last quarter. Intrust Bank NA acquired a new stake in Five9 in the 4th quarter valued at $202,000. Finally, Orion Portfolio Solutions LLC boosted its stake in Five9 by 15.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker's stock valued at $214,000 after buying an additional 452 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.
Five9 Company Profile
(
Get Free Report)
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.
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