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

Shares of Five9, Inc. (NASDAQ:FIVN) have earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $58.18.

A number of research firms have recently weighed in on FIVN. Truist Financial reissued a “buy” rating and issued a $65.00 price target on shares of Five9 in a research note on Tuesday. Morgan Stanley increased their price objective on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday. DA Davidson raised their price objective on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC lifted their price objective on shares of Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Monday. Finally, Rosenblatt Securities lifted their price objective on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Insider Buying and Selling at Five9

In related news, CAO Leena Mansharamani sold 1,346 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the sale, the chief accounting officer now owns 35,526 shares in the company, valued at $1,468,289.58. The trade was a 3.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Burkland sold 12,594 shares of Five9 stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total transaction of $521,391.60. Following the sale, the chief executive officer now owns 240,894 shares in the company, valued at approximately $9,973,011.60. This represents a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,004 shares of company stock worth $1,209,279 over the last three months. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

A number of hedge funds have recently bought and sold shares of the company. Signaturefd LLC grew its position 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 worth $30,000 after buying an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Five9 during the 2nd quarter worth $57,000. Quest Partners LLC bought a new position in shares of Five9 during the 3rd quarter valued at approximately $95,000. nVerses Capital LLC bought a new stake in shares of Five9 in the third quarter valued at $141,000. Finally, Sanctuary Advisors LLC bought a new position in Five9 during the third quarter worth about $145,000. Institutional investors own 96.64% of the company’s stock.

Five9 Trading Up 0.6 %

Shares of FIVN opened at $41.48 on Friday. Five9 has a 12-month low of $26.60 and a 12-month high of $81.72. The stock’s fifty day simple moving average is $36.59 and its 200-day simple moving average is $36.72. 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 firm has a market capitalization of $3.12 billion, a PE ratio of -82.96, a price-to-earnings-growth 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.