Five9 (NASDAQ:FIVN) Given New $46.00 Price Target at Piper Sandler

Five9 (NASDAQ:FIVN) had its price objective lifted by analysts at Piper Sandler from $35.00 to $46.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. Piper Sandler’s price objective would suggest a potential upside of 40.20% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Barclays decreased their target price on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Truist Financial restated a “buy” rating and issued a $65.00 target price on shares of Five9 in a research report on Tuesday, August 27th. Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Monday, August 5th. Finally, BTIG Research reduced their price target on shares of Five9 from $100.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and an average price target of $61.94.

Five9 Price Performance

FIVN opened at $32.81 on Friday. The company has a 50-day moving average of $29.37 and a 200-day moving average of $39.54. The company has a market capitalization of $2.45 billion, a P/E ratio of -45.57 and a beta of 0.85. Five9 has a 1-year low of $26.60 and a 1-year high of $92.40. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The business had revenue of $252.09 million during the quarter, compared to the consensus estimate of $244.54 million. Equities analysts expect that Five9 will post -0.09 EPS for the current fiscal year.

Insider Activity at Five9

In related news, CFO Barry Zwarenstein sold 4,408 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the sale, the chief financial officer now directly owns 101,732 shares of the company’s stock, valued at $2,743,712.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the sale, the chief financial officer now owns 101,732 shares in the company, valued at $2,743,712.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Panos Kozanian sold 7,617 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the sale, the executive vice president now owns 76,628 shares in the company, valued at $2,300,372.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,493 shares of company stock valued at $1,097,753 over the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

A number of large investors have recently made changes to their positions in FIVN. Vanguard Group Inc. increased its stake in Five9 by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock valued at $461,948,000 after buying an additional 150,786 shares during the period. Sylebra Capital LLC increased its stake in Five9 by 28.4% in the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after buying an additional 666,681 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Five9 by 38.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock valued at $64,257,000 after buying an additional 406,188 shares during the period. Van Berkom & Associates Inc. increased its stake in Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock valued at $57,307,000 after buying an additional 446,151 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in Five9 by 347.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock valued at $33,213,000 after buying an additional 584,800 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

About Five9

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.