Five9, Inc. (NASDAQ:FIVN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Five9, Inc. (NASDAQ:FIVN) have been given an average recommendation of “Moderate Buy” by the eighteen research firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $58.18.

FIVN has been the topic of a number of recent analyst reports. Needham & Company LLC raised their price target on Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a report on Monday, December 16th. Truist Financial reissued a “buy” rating and set a $65.00 target price on shares of Five9 in a research note on Tuesday, December 17th. Morgan Stanley upped their price target on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Piper Sandler upped their target price on shares of Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Rosenblatt Securities lifted their price target on shares of Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 8th.

Insider Transactions at Five9

In other news, COO Andy Dignan sold 4,109 shares of the 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 $171,961.65. Following the sale, the chief operating officer now directly owns 115,818 shares in the company, valued at approximately $4,846,983.30. This represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Barry Zwarenstein sold 3,336 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were 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 of the company’s stock, valued at approximately $4,117,872.60. The trade was a 3.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in Five9 by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock valued at $3,793,000 after buying an additional 673 shares during the period. Signaturefd LLC boosted its holdings in shares of Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Five9 in the second quarter worth approximately $57,000. Arizona State Retirement System increased its holdings in Five9 by 8.9% during the 2nd quarter. Arizona State Retirement System now owns 20,673 shares of the software maker’s stock worth $912,000 after purchasing an additional 1,693 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Five9 by 13.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker’s stock valued at $548,000 after purchasing an additional 2,254 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

Five9 Stock Down 0.0 %

Shares of FIVN stock opened at $42.38 on Friday. 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 one year low of $26.60 and a one year high of $81.72. The company’s fifty day moving average price is $37.57 and its 200-day moving average price is $36.63. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of -84.76, a PEG ratio of 28.88 and a beta of 0.92.

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.