Five9 (NASDAQ:FIVN) Price Target Lowered to $42.00 at Mizuho

Five9 (NASDAQ:FIVN) had its target price lowered by Mizuho from $55.00 to $42.00 in a report issued on Tuesday morning,Benzinga reports. Mizuho currently has an outperform rating on the software maker’s stock.

Several other equities analysts have also weighed in on FIVN. Piper Sandler increased their price objective on shares of Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley increased their price target on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 target price on shares of Five9 in a research report on Friday, April 4th. Royal Bank of Canada reissued an “outperform” rating and set a $65.00 price target on shares of Five9 in a report on Wednesday, March 19th. Finally, Barclays upped their price objective on Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.94.

Five9 Stock Down 0.3 %

Shares of FIVN stock opened at $23.12 on Tuesday. Five9 has a 52-week low of $21.04 and a 52-week high of $60.81. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -115.59, a PEG ratio of 9.41 and a beta of 1.29. The firm’s 50-day moving average is $31.94 and its 200-day moving average is $35.35. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Sell-side analysts predict that Five9 will post 0.28 EPS for the current year.

Insider Transactions at Five9

In other news, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the transaction, the chief executive officer now directly owns 404,056 shares of the company’s stock, valued at approximately $14,396,515.28. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Leena Mansharamani sold 1,135 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. This represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,574 shares of company stock worth $1,004,346 over the last three months. 1.80% of the stock is owned by company insiders.

Institutional Trading of Five9

Several large investors have recently modified their holdings of FIVN. Lindbrook Capital LLC grew its holdings in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after purchasing an additional 520 shares during the period. Banque Transatlantique SA bought a new position in Five9 in the fourth quarter worth approximately $36,000. Johnson Financial Group Inc. acquired a new stake in Five9 in the fourth quarter valued at approximately $47,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after purchasing an additional 2,571 shares during the period. Institutional investors and hedge funds 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.