Brokerages Set Five9, Inc. (NASDAQ:FIVN) Price Target at $87.80

Five9, Inc. (NASDAQ:FIVN) has received an average rating of “Moderate Buy” from the seventeen research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $87.13.

Several equities analysts have weighed in on FIVN shares. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Five9 in a report on Thursday, February 22nd. KeyCorp lowered their price objective on Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Barclays reduced their target price on Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Morgan Stanley reduced their price objective on shares of Five9 from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada started coverage on shares of Five9 in a research note on Friday, March 15th. They set an “outperform” rating and a $80.00 target price for the company.

Insider Activity

In related 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 value of $420,435.20. Following the completion of the transaction, the chief operating officer now owns 129,559 shares in the company, valued at $7,421,139.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Hedge funds and other institutional investors have recently bought and sold shares of the business. MetLife Investment Management LLC acquired a new stake in shares of Five9 during the 1st quarter worth about $482,000. Raymond James Trust N.A. purchased a new position in Five9 in the first quarter valued at approximately $212,000. Cetera Investment Advisers raised its holdings in Five9 by 15.4% during the first quarter. Cetera Investment Advisers now owns 3,223 shares of the software maker’s stock worth $356,000 after purchasing an additional 430 shares in the last quarter. Zions Bancorporation N.A. purchased a new stake in shares of Five9 during the 1st quarter worth approximately $613,000. Finally, Prudential Financial Inc. lifted its position in shares of Five9 by 10.7% during the 1st quarter. Prudential Financial Inc. now owns 2,806 shares of the software maker’s stock worth $310,000 after buying an additional 272 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Trading Up 0.9 %

Shares of Five9 stock opened at $57.42 on Friday. Five9 has a 1-year low of $51.01 and a 1-year high of $92.40. 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 stock has a market cap of $4.24 billion, a P/E ratio of -50.81 and a beta of 0.83. The stock’s 50 day simple moving average is $63.01 and its 200-day simple moving average is $68.79.

Five9 (NASDAQ:FIVN) last issued its earnings results 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. The business had revenue of $239.06 million during the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. Analysts predict that Five9 will post -0.42 EPS for the current fiscal year.

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.