Five9 (NASDAQ:FIVN) PT Lowered to $65.00

Five9 (NASDAQ:FIVN) had its price target lowered by investment analysts at Wells Fargo & Company from $80.00 to $65.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 108.20% from the company’s previous close.

A number of other research analysts also recently commented on FIVN. Morgan Stanley dropped their price objective on Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, June 14th. Piper Sandler dropped their price objective on shares of Five9 from $58.00 to $47.00 and set an “overweight” rating on the stock in a research note on Friday. StockNews.com upgraded Five9 from a “sell” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Five9 in a report on Thursday, June 6th. Finally, Truist Financial reduced their price target on Five9 from $100.00 to $65.00 and set a “buy” rating for the company in a report on Friday. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Five9 has a consensus rating of “Moderate Buy” and a consensus target price of $65.82.

Five9 Trading Down 26.5 %

Shares of NASDAQ FIVN traded down $11.25 during trading on Friday, reaching $31.22. The stock had a trading volume of 13,572,495 shares, compared to its average volume of 1,377,451. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02. The company has a market cap of $2.31 billion, a P/E ratio of -36.73 and a beta of 0.82. The business’s 50-day moving average price is $42.66 and its 200-day moving average price is $55.11. Five9 has a fifty-two week low of $28.75 and a fifty-two week high of $92.40.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The company had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $244.54 million. On average, equities research analysts predict that Five9 will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling

In other Five9 news, CEO Michael Burkland sold 12,386 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $573,471.80. Following the completion of the transaction, the chief executive officer now owns 266,083 shares of the company’s stock, valued at $12,319,642.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CRO Daniel P. Burkland sold 7,698 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 $356,417.40. Following the transaction, the executive now owns 127,635 shares of the company’s stock, valued at approximately $5,909,500.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Burkland sold 12,386 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $573,471.80. Following the transaction, the chief executive officer now directly owns 266,083 shares in the company, valued at $12,319,642.90. The disclosure for this sale can be found here. Insiders have sold 53,385 shares of company stock worth $2,418,755 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

A number of hedge funds and other institutional investors have recently made changes to their positions in FIVN. Arcadia Investment Management Corp MI lifted its stake in 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 purchasing an additional 144 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in shares of Five9 by 139.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after buying an additional 279 shares during the last quarter. Headlands Technologies LLC raised its stake in Five9 by 136.0% during the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after acquiring an additional 306 shares during the period. Quent Capital LLC lifted its holdings in Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after acquiring an additional 352 shares during the last quarter. Finally, Intrust Bank NA acquired a new position in Five9 in the fourth quarter valued at approximately $202,000. Institutional investors own 96.64% of the company’s stock.

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.