Northland Securities Cuts Five9 (NASDAQ:FIVN) Price Target to $50.00

Five9 (NASDAQ:FIVN) had its price target lowered by research analysts at Northland Securities from $95.00 to $50.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Northland Securities’ target price suggests a potential upside of 59.54% from the company’s current price.

Several other analysts also recently issued reports on the stock. StockNews.com raised shares of Five9 from a “sell” rating to a “hold” rating in a research note on Thursday. Piper Sandler cut their price objective on shares of Five9 from $58.00 to $47.00 and set an “overweight” rating for the company in a research report on Friday. 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 report on Monday. Rosenblatt Securities reissued a “buy” rating and issued a $80.00 price target on shares of Five9 in a research report on Friday, May 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Five9 in a research note on Thursday, June 6th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.41.

Five9 Price Performance

NASDAQ:FIVN traded down $11.13 during trading hours on Friday, reaching $31.34. 10,860,688 shares of the company traded hands, compared to its average volume of 1,359,774. Five9 has a 1-year low of $28.75 and a 1-year high of $92.40. The firm’s 50-day moving average is $42.97 and its 200-day moving average is $55.61. The company has a debt-to-equity ratio of 2.41, a current ratio of 7.02 and a quick ratio of 7.02. The stock has a market cap of $2.32 billion, a P/E ratio of -36.46 and a beta of 0.82.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The business had revenue of $252.09 million for the quarter, compared to analyst estimates of $244.54 million. Equities research analysts expect that Five9 will post -0.3 earnings per share for the current fiscal year.

Insider Activity

In other Five9 news, EVP Panos Kozanian sold 6,893 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $319,145.90. Following the completion of the transaction, the executive vice president now owns 94,477 shares in the company, valued at approximately $4,374,285.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Panos Kozanian sold 6,893 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total value of $319,145.90. Following the completion of the sale, the executive vice president now owns 94,477 shares in the company, valued at approximately $4,374,285.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Burkland sold 12,386 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $573,471.80. Following the completion of the sale, the chief executive officer now owns 266,083 shares of the company’s stock, valued at approximately $12,319,642.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,385 shares of company stock valued at $2,418,755. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Several institutional investors have recently added to or reduced their stakes in FIVN. Arcadia Investment Management Corp MI grew its position in shares of Five9 by 46.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after acquiring an additional 144 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Five9 by 139.5% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after purchasing an additional 279 shares during the period. Headlands Technologies LLC increased its holdings in Five9 by 136.0% in the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after buying an additional 306 shares during the last quarter. Intrust Bank NA acquired a new position in Five9 during the fourth quarter valued at approximately $202,000. Finally, Inceptionr LLC bought a new stake in shares of Five9 in the fourth quarter valued at approximately $215,000. 96.64% of the stock is owned by institutional investors and hedge funds.

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.