Five9 (NASDAQ:FIVN) Price Target Raised to $43.00

Five9 (NASDAQ:FIVN) had its price target raised by Robert W. Baird from $40.00 to $43.00 in a report published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the software maker’s stock.

FIVN has been the topic of several other reports. StockNews.com raised Five9 from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Truist Financial reissued a “buy” rating and issued a $65.00 price target on shares of Five9 in a research report on Tuesday, August 27th. Baird R W lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Piper Sandler boosted their price target on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Morgan Stanley cut their price objective on Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.22.

Five9 Stock Up 2.8 %

Shares of Five9 stock opened at $40.35 on Monday. Five9 has a 12-month low of $26.60 and a 12-month high of $92.40. The firm has a market capitalization of $3.03 billion, a PE ratio of -80.70, a price-to-earnings-growth ratio of 26.52 and a beta of 0.85. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The stock’s fifty day moving average is $29.78 and its 200-day moving average is $38.81.

Insiders Place Their Bets

In other news, CRO Daniel P. Burkland sold 2,605 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.41, for a total value of $87,033.05. Following the sale, the executive now owns 132,554 shares in the company, valued at approximately $4,428,629.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CRO Daniel P. Burkland sold 2,605 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $33.41, for a total transaction of $87,033.05. Following the completion of the transaction, the executive now owns 132,554 shares of the company’s stock, valued at approximately $4,428,629.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Barry Zwarenstein sold 4,408 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the sale, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,493 shares of company stock valued at $1,097,753 in the last three months. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FIVN. Signaturefd LLC raised its stake in shares of Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after buying an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Five9 in the second quarter worth about $57,000. Quest Partners LLC bought a new position in Five9 during the third quarter worth about $95,000. nVerses Capital LLC acquired a new stake in Five9 during the third quarter valued at approximately $141,000. Finally, Quent Capital LLC boosted its holdings in Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after purchasing an additional 352 shares in the last quarter. 96.64% of the stock is owned by institutional investors.

Five9 Company Profile

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.