Five9, Inc. (NASDAQ:FIVN) Receives $87.80 Average Target Price from Brokerages

Shares of Five9, Inc. (NASDAQ:FIVN) have earned an average rating of “Moderate Buy” from the seventeen research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $87.80.

A number of research firms recently issued reports on FIVN. Piper Sandler raised their price objective on shares of Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, January 12th. KeyCorp decreased their price objective on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Wells Fargo & Company cut their target price on shares of Five9 from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Barclays cut their target price on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Finally, Royal Bank of Canada started coverage on shares of Five9 in a research report on Friday, March 15th. They set an “outperform” rating and a $80.00 target price for the company.

Five9 Stock Performance

Shares of FIVN stock opened at $56.74 on Friday. Five9 has a one year low of $51.01 and a one year high of $92.40. The firm has a 50-day moving average of $63.73 and a 200-day moving average of $68.95. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.53 and a quick ratio of 5.53. The company has a market cap of $4.19 billion, a P/E ratio of -50.21 and a beta of 0.83.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data 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 8.98% and a negative return on equity of 12.51%. The business had revenue of $239.06 million during the quarter, compared to the consensus estimate of $237.64 million. Equities research analysts forecast that Five9 will post -0.42 EPS for the current fiscal year.

Insider Activity at Five9

In other Five9 news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction that occurred 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 directly owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FIVN. Vanguard Group Inc. increased its stake in shares of Five9 by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 7,286,789 shares of the software maker’s stock worth $573,397,000 after buying an additional 50,540 shares during the period. Wellington Management Group LLP increased its stake in shares of Five9 by 22.9% in the first quarter. Wellington Management Group LLP now owns 3,775,202 shares of the software maker’s stock worth $416,783,000 after buying an additional 703,002 shares during the period. Sylebra Capital Ltd increased its stake in shares of Five9 by 3.3% in the first quarter. Sylebra Capital Ltd now owns 2,576,950 shares of the software maker’s stock worth $186,288,000 after buying an additional 81,652 shares during the period. Alliancebernstein L.P. increased its stake in shares of Five9 by 13.9% in the second quarter. Alliancebernstein L.P. now owns 2,501,692 shares of the software maker’s stock worth $206,265,000 after buying an additional 306,251 shares during the period. Finally, Sylebra Capital LLC increased its stake in shares of Five9 by 14.8% in the fourth quarter. Sylebra Capital LLC now owns 2,312,427 shares of the software maker’s stock worth $181,965,000 after buying an additional 298,939 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

About Five9

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.