Moffett Nathanson started coverage on shares of Five9 (NASDAQ:FIVN – Get Rating) in a report issued on Thursday, The Fly reports. The brokerage issued a hold rating and a $103.00 target price on the software maker's stock.
Several other research firms have also commented on FIVN. Morgan Stanley reduced their price target on Five9 from $160.00 to $120.00 and set an overweight rating on the stock in a report on Thursday, July 14th. Piper Sandler reduced their price objective on shares of Five9 from $166.00 to $150.00 and set an overweight rating on the stock in a report on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Five9 in a research report on Monday, August 15th. They issued a hold rating and a $120.00 target price for the company. MKM Partners assumed coverage on Five9 in a research report on Thursday, August 4th. They issued a buy rating and a $135.00 target price for the company. Finally, UBS Group dropped their target price on Five9 from $180.00 to $135.00 and set a buy rating for the company in a research report on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $142.67.Get Five9 alerts:
Five9 Trading Down 2.3 %
Shares of FIVN stock opened at $75.83 on Thursday. The stock's fifty day moving average is $99.55 and its two-hundred day moving average is $100.18. The company has a debt-to-equity ratio of 3.01, a quick ratio of 4.50 and a current ratio of 4.50. The firm has a market capitalization of $5.32 billion, a P/E ratio of -64.26 and a beta of 0.63. Five9 has a fifty-two week low of $74.48 and a fifty-two week high of $172.87.Five9 (NASDAQ:FIVN – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The software maker reported ($0.29) earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.05. Five9 had a negative return on equity of 27.15% and a negative net margin of 11.70%. The company had revenue of $189.38 million for the quarter, compared to analyst estimates of $180.08 million. During the same quarter last year, the firm posted ($0.14) EPS. The firm's revenue for the quarter was up 31.7% on a year-over-year basis. Research analysts expect that Five9 will post -0.9 earnings per share for the current fiscal year.
Insider Buying and Selling at Five9
In other Five9 news, CEO Rowan M. Trollope sold 517 shares of the business's stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $100.00, for a total value of $51,700.00. Following the completion of the sale, the chief executive officer now owns 57,777 shares in the company, valued at $5,777,700. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Five9 news, CEO Rowan M. Trollope sold 517 shares of the business's stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $100.00, for a total value of $51,700.00. Following the completion of the sale, the chief executive officer now owns 57,777 shares in the company, valued at $5,777,700. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Panos Kozanian sold 2,161 shares of the company's stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $90.45, for a total value of $195,462.45. Following the sale, the executive vice president now owns 48,509 shares of the company's stock, valued at approximately $4,387,639.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,555 shares of company stock worth $4,642,927. 2.40% of the stock is owned by insiders.
Institutional Investors Weigh In On Five9
Large investors have recently modified their holdings of the stock. First Horizon Advisors Inc. raised its stake in shares of Five9 by 1,247.6% during the second quarter. First Horizon Advisors Inc. now owns 283 shares of the software maker's stock worth $25,000 after purchasing an additional 262 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Five9 by 1,142.3% during the second quarter. Lindbrook Capital LLC now owns 323 shares of the software maker's stock worth $29,000 after purchasing an additional 297 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Five9 during the first quarter worth approximately $41,000. Vestor Capital LLC purchased a new stake in shares of Five9 during the first quarter worth approximately $42,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in Five9 by 29.5% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 448 shares of the software maker's stock worth $50,000 after acquiring an additional 102 shares during the period.
Five9 Company Profile
Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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.
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