Five9, Inc. (NASDAQ:FIVN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Five9, Inc. (NASDAQ:FIVN – Get Rating) have been given a consensus rating of “Moderate Buy” by the twenty-four analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $84.67.

A number of brokerages have commented on FIVN. Piper Sandler boosted their price objective on Five9 from $61.00 to $89.00 in a research note on Tuesday, January 3rd. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Five9 in a research note on Thursday, February 23rd. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research report on Wednesday, February 22nd. Jefferies Financial Group lowered Five9 from a “buy” rating to a “hold” rating and lifted their target price for the stock from $55.00 to $65.00 in a research report on Thursday, January 5th. Finally, Northland Securities lifted their target price on Five9 from $80.00 to $85.00 in a research report on Thursday, February 23rd.

Insider Activity

In other news, CRO Daniel P. Burkland sold 28,623 shares of the business’s stock in a transaction that occurred on Tuesday, January 24th. The stock was sold at an average price of $75.09, for a total transaction of $2,149,301.07. Following the completion of the transaction, the executive now directly owns 116,616 shares in the company, valued at $8,756,695.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Five9 news, EVP Panos Kozanian sold 1,595 shares of the company’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $68.61, for a total value of $109,432.95. Following the completion of the sale, the executive vice president now directly owns 79,173 shares in the company, valued at $5,432,059.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Daniel P. Burkland sold 28,623 shares of the company’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $75.09, for a total value of $2,149,301.07. Following the completion of the transaction, the executive now directly owns 116,616 shares in the company, valued at approximately $8,756,695.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,857 shares of company stock valued at $7,438,073. 2.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. boosted its holdings in Five9 by 54.2% in the fourth quarter. First Horizon Advisors Inc. now owns 404 shares of the software maker’s stock worth $27,000 after purchasing an additional 142 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Five9 by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 482 shares of the software maker’s stock worth $33,000 after purchasing an additional 162 shares in the last quarter. Stephens Inc. AR boosted its holdings in Five9 by 7.6% in the fourth quarter. Stephens Inc. AR now owns 2,287 shares of the software maker’s stock worth $155,000 after purchasing an additional 162 shares in the last quarter. Utah Retirement Systems boosted its holdings in Five9 by 1.7% in the third quarter. Utah Retirement Systems now owns 12,300 shares of the software maker’s stock worth $922,000 after purchasing an additional 200 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in Five9 by 2.8% in the third quarter. Xponance Inc. now owns 8,213 shares of the software maker’s stock worth $616,000 after purchasing an additional 224 shares in the last quarter.

Five9 Price Performance

Shares of Five9 stock opened at $61.87 on Friday. Five9 has a twelve month low of $46.61 and a twelve month high of $121.17. The stock has a market capitalization of $4.40 billion, a P/E ratio of -45.83 and a beta of 0.72. The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 2.38. The business’s fifty day moving average price is $74.07 and its 200 day moving average price is $71.79.

About Five9

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Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.