Five9 (NASDAQ:FIVN) PT Lowered to $80.00

Five9 (NASDAQ:FIVN) had its target price reduced by Rosenblatt Securities from $90.00 to $80.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Rosenblatt Securities’ price target indicates a potential upside of 35.64% from the stock’s previous close.

Other analysts have also issued research reports about the company. Morgan Stanley lowered their price target on Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Canaccord Genuity Group reduced their price objective on shares of Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Barclays reduced their price objective on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. KeyCorp reduced their price objective on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Finally, Piper Sandler boosted their price objective on shares of Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Five9 presently has an average rating of “Moderate Buy” and a consensus price target of $85.47.

Five9 Stock Down 1.6 %

Shares of NASDAQ:FIVN opened at $58.98 on Friday. Five9 has a 1 year low of $51.01 and a 1 year high of $92.40. The business has a 50 day simple moving average of $61.00 and a two-hundred day simple moving average of $68.65. The firm has a market capitalization of $4.36 billion, a PE ratio of -52.19 and a beta of 0.83. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.53 and a quick ratio of 5.53.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.14. The firm had revenue of $239.06 million during the quarter, compared to analyst estimates of $237.64 million. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. On average, equities analysts predict that Five9 will post -0.42 EPS for the current year.

Insider Activity at Five9

In related news, COO Andy Dignan sold 7,340 shares of the company’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 transaction, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at approximately $7,421,139.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Five9

Hedge funds have recently made changes to their positions in the company. Conestoga Capital Advisors LLC boosted its holdings in Five9 by 5.3% in the first quarter. Conestoga Capital Advisors LLC now owns 144,848 shares of the software maker’s stock valued at $8,997,000 after purchasing an additional 7,235 shares during the last quarter. WCM Investment Management LLC boosted its holdings in Five9 by 11.5% in the first quarter. WCM Investment Management LLC now owns 329,602 shares of the software maker’s stock valued at $20,472,000 after purchasing an additional 34,036 shares during the last quarter. Raymond James & Associates boosted its holdings in Five9 by 10.1% in the first quarter. Raymond James & Associates now owns 86,867 shares of the software maker’s stock valued at $5,395,000 after purchasing an additional 7,958 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Five9 by 1.9% in the first quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker’s stock valued at $214,875,000 after purchasing an additional 63,200 shares during the last quarter. Finally, Mirador Capital Partners LP boosted its holdings in Five9 by 6.2% in the first quarter. Mirador Capital Partners LP now owns 17,564 shares of the software maker’s stock valued at $1,091,000 after purchasing an additional 1,031 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

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.