Analysts Set Five9, Inc. (NASDAQ:FIVN) Price Target at $58.18

Five9, Inc. (NASDAQ:FIVNGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $57.50.

FIVN has been the topic of a number of recent analyst reports. Rosenblatt Securities increased their price objective on shares of Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC raised their price target on Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Piper Sandler upped their price objective on Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Morgan Stanley raised their target price on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Finally, DA Davidson upped their price target on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 8th.

Read Our Latest Stock Analysis on Five9

Insider Buying and Selling at Five9

In related news, CAO Leena Mansharamani sold 1,346 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the completion of the sale, the chief accounting officer now directly owns 35,526 shares of the company’s stock, valued at $1,468,289.58. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Barry Zwarenstein sold 3,336 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction of $139,611.60. Following the completion of the transaction, the chief financial officer now directly owns 98,396 shares in the company, valued at $4,117,872.60. This represents a 3.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Five9

Hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in shares of Five9 by 0.8% during the 2nd quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock worth $3,793,000 after buying an additional 673 shares in the last quarter. Signaturefd LLC grew its holdings in Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after acquiring an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Five9 in the second quarter worth $57,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Five9 by 13.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker’s stock valued at $548,000 after acquiring an additional 2,254 shares during the period. Finally, FNY Investment Advisers LLC boosted its position in shares of Five9 by 324.8% during the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock worth $132,000 after purchasing an additional 2,485 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Stock Up 2.2 %

FIVN stock opened at $37.39 on Tuesday. The company’s 50 day moving average price is $40.48 and its 200 day moving average price is $36.33. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of -74.78, a PEG ratio of 8.57 and a beta of 0.92. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $81.24. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

Five9 Company Profile

(Get Free Report

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.

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Analyst Recommendations for Five9 (NASDAQ:FIVN)

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