Brokerages Set Five9, Inc. (NASDAQ:FIVN) Target Price at $58.18

Shares of Five9, Inc. (NASDAQ:FIVN) have earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $58.18.

Several brokerages have issued reports on FIVN. Needham & Company LLC boosted their price target on Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Morgan Stanley increased their target price on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. DA Davidson raised their price target on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Robert W. Baird upped their price objective on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Rosenblatt Securities raised their target price on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 8th.

Insider Transactions at Five9

In other news, CFO Barry Zwarenstein sold 3,336 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $139,611.60. Following the transaction, the chief financial officer now owns 98,396 shares in the company, valued at $4,117,872.60. The trade was a 3.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Andy Dignan sold 4,109 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $171,961.65. Following the sale, the chief operating officer now directly owns 115,818 shares of the company’s stock, valued at $4,846,983.30. The trade was a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,004 shares of company stock worth $1,209,279 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FIVN. Raymond James & Associates boosted its holdings in shares of Five9 by 10.6% in the 2nd quarter. Raymond James & Associates now owns 96,034 shares of the software maker’s stock worth $4,235,000 after buying an additional 9,167 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in shares of Five9 by 14.8% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 166,238 shares of the software maker’s stock valued at $7,331,000 after acquiring an additional 21,390 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Five9 by 16.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,815 shares of the software maker’s stock worth $742,000 after purchasing an additional 2,376 shares during the last quarter. Kopp Family Office LLC raised its holdings in shares of Five9 by 48.2% in the 2nd quarter. Kopp Family Office LLC now owns 352,075 shares of the software maker’s stock worth $15,527,000 after purchasing an additional 114,583 shares during the period. Finally, Rhumbline Advisers lifted its stake in Five9 by 0.8% in the second quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock valued at $3,793,000 after purchasing an additional 673 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Five9 Stock Down 0.2 %

Shares of NASDAQ:FIVN opened at $42.39 on Friday. Five9 has a 1 year low of $26.60 and a 1 year high of $81.72. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The business’s 50-day moving average is $37.08 and its 200-day moving average is $36.59. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of -84.78, a P/E/G ratio of 28.88 and a beta of 0.92.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.