Five9 (NASDAQ:FIVN) PT Lowered to $55.00

Five9 (NASDAQ:FIVN) had its price target cut by Wells Fargo & Company from $65.00 to $55.00 in a report released on Wednesday, Benzinga reports. They currently have an overweight rating on the software maker’s stock.

FIVN has been the subject of a number of other research reports. Baird R W downgraded shares of Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Roth Mkm decreased their price target on Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Morgan Stanley dropped their price objective on Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Truist Financial reissued a “buy” rating and issued a $65.00 target price on shares of Five9 in a report on Tuesday, August 27th. Finally, Robert W. Baird lowered shares of Five9 from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $90.00 to $40.00 in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.00.

Five9 Stock Down 4.1 %

Shares of NASDAQ:FIVN opened at $29.55 on Wednesday. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $92.40. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm’s 50-day simple moving average is $29.92 and its 200-day simple moving average is $41.16. The company has a market cap of $2.21 billion, a price-to-earnings ratio of -41.04 and a beta of 0.85.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.14. The company had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $244.54 million. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. As a group, equities research analysts predict that Five9 will post -0.09 earnings per share for the current year.

Insider Buying and Selling at Five9

In related news, CRO Daniel P. Burkland sold 2,637 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $43.55, for a total value of $114,841.35. Following the transaction, the executive now directly owns 130,079 shares of the company’s stock, valued at approximately $5,664,940.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Five9 news, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.27, for a total transaction of $381,250.65. Following the transaction, the chief executive officer now directly owns 253,488 shares of the company’s stock, valued at $7,673,081.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Daniel P. Burkland sold 2,637 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $43.55, for a total transaction of $114,841.35. Following the completion of the sale, the executive now directly owns 130,079 shares of the company’s stock, valued at $5,664,940.45. 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 39,130 shares of company stock worth $1,212,594 in the last quarter. 1.80% of the stock is owned by insiders.

Institutional Trading of Five9

A number of institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in shares of Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Five9 during the 2nd quarter valued at about $57,000. nVerses Capital LLC acquired a new position in Five9 during the 3rd quarter worth approximately $141,000. Quent Capital LLC boosted its holdings in Five9 by 8.7% in the 2nd 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 period. Finally, Cetera Advisors LLC acquired a new stake in Five9 in the first quarter valued at approximately $226,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.