Five9 (NASDAQ:FIVN) Price Target Lowered to $26.00 at Piper Sandler

Five9 (NASDAQ:FIVN) had its target price cut by investment analysts at Piper Sandler from $31.00 to $26.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. Piper Sandler’s price objective would indicate a potential upside of 20.71% from the stock’s previous close.

FIVN has been the topic of a number of other reports. Morgan Stanley set a $30.00 price target on shares of Five9 in a research report on Tuesday, October 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $36.00 target price on shares of Five9 in a report on Friday, August 1st. Wall Street Zen raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Wells Fargo & Company assumed coverage on shares of Five9 in a research report on Tuesday, September 30th. They issued an “equal weight” rating and a $28.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Five9 in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.71.

Five9 Stock Performance

FIVN stock opened at $21.54 on Friday. The business’s fifty day moving average is $24.25 and its 200-day moving average is $25.82. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 1.04. The company has a market cap of $1.66 billion, a P/E ratio of 239.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. Five9 has a twelve month low of $20.48 and a twelve month high of $49.90.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. The business had revenue of $283.27 million during the quarter. Five9 had a return on equity of 8.91% and a net margin of 0.80%. Equities research analysts forecast that Five9 will post 0.28 EPS for the current year.

Insider Buying and Selling at Five9

In other Five9 news, CEO Michael Burkland sold 18,425 shares of Five9 stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.72, for a total value of $473,891.00. Following the transaction, the chief executive officer owned 367,562 shares in the company, valued at $9,453,694.64. The trade was a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bryan M. Lee sold 1,889 shares of Five9 stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $25.72, for a total transaction of $48,585.08. Following the sale, the chief financial officer directly owned 237,488 shares in the company, valued at $6,108,191.36. This trade represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 60,781 shares of company stock worth $1,562,457 over the last quarter. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five9

A number of institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC acquired a new position in shares of Five9 during the second quarter worth $32,000. Global Retirement Partners LLC raised its position in Five9 by 81.7% during the 3rd quarter. Global Retirement Partners LLC now owns 1,228 shares of the software maker’s stock worth $30,000 after purchasing an additional 552 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Five9 in the 3rd quarter valued at about $45,000. Kayne Anderson Rudnick Investment Management LLC increased its position in Five9 by 419.2% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker’s stock valued at $61,000 after purchasing an additional 1,811 shares during the period. Finally, Quarry LP bought a new stake in shares of Five9 in the 1st quarter valued at $74,000. 96.64% of the stock is owned by 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.