Five9 (NASDAQ:FIVN) Price Target Cut to $81.00

Five9 (NASDAQ:FIVN) had its price target decreased by UBS Group from $90.00 to $81.00 in a research report report published on Friday morning, Benzinga reports. UBS Group currently has a buy rating on the software maker’s stock.

A number of other research analysts have also commented on the company. Rosenblatt Securities reiterated a buy rating and issued a $80.00 price objective on shares of Five9 in a research report on Friday. Piper Sandler increased their target price on Five9 from $84.00 to $86.00 and gave the stock an overweight rating in a report on Friday, January 12th. KeyCorp reduced 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 lowered their price target on shares of Five9 from $105.00 to $95.00 and set an overweight rating on the stock in a research note on Thursday, February 22nd. Finally, Canaccord Genuity Group lowered their target price on shares of Five9 from $90.00 to $75.00 and set a buy rating on the stock in a report on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Five9 currently has an average rating of Moderate Buy and a consensus target price of $84.88.

Five9 Trading Down 3.8 %

NASDAQ FIVN opened at $55.69 on Friday. The firm’s fifty day simple moving average is $59.83 and its 200-day simple moving average is $68.49. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41. Five9 has a 1-year low of $51.01 and a 1-year high of $92.40. The company has a market capitalization of $4.11 billion, a PE ratio of -65.52 and a beta of 0.85.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.14. The company had revenue of $239.06 million for the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. As a group, sell-side analysts anticipate that Five9 will post -0.42 earnings per share for the current fiscal year.

Insider Activity at Five9

In related news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total transaction of $420,435.20. Following the completion of the sale, the chief operating officer now owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Five9

Several institutional investors have recently bought and sold shares of FIVN. Sylebra Capital LLC bought a new position in Five9 in the third quarter worth $129,467,000. Norges Bank bought a new position in shares of Five9 during the 4th quarter valued at approximately $79,035,000. Assenagon Asset Management S.A. raised its position in shares of Five9 by 84.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 837,856 shares of the software maker’s stock valued at $65,931,000 after purchasing an additional 383,002 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Five9 by 123.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 648,441 shares of the software maker’s stock worth $51,026,000 after acquiring an additional 358,887 shares during the period. Finally, UBS Group AG raised its position in shares of Five9 by 162.6% during the third quarter. UBS Group AG now owns 533,914 shares of the software maker’s stock valued at $34,331,000 after buying an additional 330,567 shares during the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Five9 Company Profile

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.