Five9 (NASDAQ:FIVN) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Five9 (NASDAQ:FIVN) in a report issued on Friday, MarketBeat Ratings reports. The firm issued an overweight rating and a $46.00 price target on the software maker’s stock.

Other equities analysts also recently issued research reports about the stock. DA Davidson raised their target price on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and set a $65.00 target price on shares of Five9 in a research note on Tuesday, December 17th. Robert W. Baird raised their target price on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Wells Fargo & Company downgraded shares of Five9 from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $55.00 to $40.00 in a research note on Tuesday, November 12th. Finally, Rosenblatt Securities raised their target price on shares of Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.50.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $37.39 on Friday. The stock has a market capitalization of $2.81 billion, a P/E ratio of -74.78, a P/E/G ratio of 8.57 and a beta of 0.92. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9 has a 1 year low of $26.60 and a 1 year high of $81.24. The company’s 50-day moving average is $40.48 and its 200 day moving average is $36.38.

Insider Transactions at Five9

In related news, CEO Michael Burkland sold 12,594 shares of Five9 stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total transaction of $521,391.60. Following the transaction, the chief executive officer now owns 240,894 shares in the company, valued at approximately $9,973,011.60. The trade was a 4.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Leena Mansharamani sold 1,346 shares of Five9 stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total transaction of $55,630.18. Following the transaction, the chief accounting officer now owns 35,526 shares in the company, valued at approximately $1,468,289.58. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock worth $1,209,279 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FIVN. Massachusetts Financial Services Co. MA increased its holdings 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 acquiring an additional 406,188 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Five9 by 24.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 363,558 shares of the software maker’s stock valued at $16,031,000 after acquiring an additional 72,204 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Five9 by 289.6% in the 2nd quarter. Hsbc Holdings PLC now owns 109,807 shares of the software maker’s stock valued at $4,806,000 after acquiring an additional 81,626 shares during the last quarter. King Luther Capital Management Corp bought a new stake in Five9 in the 2nd quarter valued at $2,062,000. Finally, Sei Investments Co. increased its holdings in Five9 by 17.1% in the 2nd quarter. Sei Investments Co. now owns 225,155 shares of the software maker’s stock valued at $9,929,000 after acquiring an additional 32,946 shares during the last quarter. Hedge funds and other institutional investors 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.