Five9 (NASDAQ:FIVN) Price Target Raised to $43.00 at Robert W. Baird

Five9 (NASDAQ:FIVN) had its price target raised by Robert W. Baird from $40.00 to $43.00 in a research note released on Monday,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

Several other equities analysts have also commented on the company. Bank of America raised Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Monday, August 5th. Roth Mkm cut their price objective on shares of Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price on shares of Five9 in a report on Friday. Morgan Stanley cut their price target on Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Finally, Barclays dropped their target price on Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.22.

Five9 Stock Performance

Shares of FIVN opened at $39.67 on Monday. The firm has a market capitalization of $2.96 billion, a PE ratio of -79.34 and a beta of 0.85. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15. The company has a 50-day simple moving average of $29.46 and a two-hundred day simple moving average of $39.09. Five9 has a one year low of $26.60 and a one year high of $92.40.

Insiders Place Their Bets

In related news, CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the completion of the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Barry Zwarenstein sold 4,408 shares of Five9 stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the sale, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total value of $381,250.65. Following the completion of the transaction, the chief executive officer now owns 253,488 shares of the company’s stock, valued at $7,673,081.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,493 shares of company stock worth $1,097,753 over the last three months. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Signaturefd LLC boosted its stake in Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after buying an additional 984 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Five9 in the second quarter valued at $57,000. Quest Partners LLC bought a new stake in Five9 in the third quarter worth $95,000. Cetera Advisors LLC purchased a new stake in Five9 during the first quarter valued at $226,000. Finally, ProShare Advisors LLC purchased a new position in shares of Five9 in the 1st quarter worth $247,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

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.