Five9 (NASDAQ:FIVN) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Five9 (NASDAQ:FIVN) had its price objective boosted by equities researchers at Needham & Company LLC from $48.00 to $52.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s price target points to a potential upside of 21.69% from the company’s current price.

Several other equities research analysts have also issued reports on the company. Truist Financial reaffirmed a “buy” rating and set a $65.00 price target on shares of Five9 in a research note on Tuesday, August 27th. Piper Sandler upped their target price on Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Morgan Stanley decreased their price target on shares of Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. DA Davidson increased their target price on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Robert W. Baird boosted their price target on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Five9 presently has an average rating of “Moderate Buy” and an average price target of $57.65.

Five9 Stock Up 0.3 %

Shares of NASDAQ FIVN opened at $42.73 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The business has a 50-day moving average of $35.80 and a 200-day moving average of $36.69. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of -86.24, a PEG ratio of 28.88 and a beta of 0.92. Five9 has a 12 month low of $26.60 and a 12 month high of $82.61.

Insider Activity

In related news, CEO Michael Burkland sold 12,594 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total value of $521,391.60. Following the transaction, the chief executive officer now owns 240,894 shares in the company, valued at $9,973,011.60. The trade was a 4.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $171,961.65. Following the completion of the transaction, the chief operating officer now directly owns 115,818 shares of the company’s stock, valued at $4,846,983.30. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,004 shares of company stock worth $1,209,279. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

A number of institutional investors have recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in shares of Five9 by 1,892.3% during 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 during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Five9 in the 2nd quarter worth approximately $57,000. Quest Partners LLC purchased a new position in shares of Five9 in the third quarter worth approximately $95,000. nVerses Capital LLC purchased a new position in shares of Five9 in the third quarter worth approximately $141,000. Finally, Sanctuary Advisors LLC bought a new stake in Five9 during the third quarter valued at approximately $145,000. Hedge funds and other 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, 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.