Five9 (NASDAQ:FIVN) Price Target Raised to $43.00 at Robert W. Baird

Five9 (NASDAQ:FIVN) had its price target upped by Robert W. Baird from $40.00 to $43.00 in a research report report published on Monday,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

Several other brokerages have also issued reports on FIVN. Piper Sandler boosted their price objective on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Bank of America upgraded shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price target for the company in a report on Monday, August 5th. Northland Securities dropped their price objective on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Baird R W lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, DA Davidson lifted their price target on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Five9 currently has an average rating of “Moderate Buy” and a consensus price target of $59.22.

Five9 Trading Up 0.1 %

FIVN stock opened at $39.00 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of -77.92, a P/E/G ratio of 26.49 and a beta of 0.85. The business has a fifty day moving average price of $29.99 and a 200 day moving average price of $38.82. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $92.40.

Insider Activity at Five9

In other news, CAO Leena Mansharamani sold 1,395 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the transaction, the chief accounting officer now directly owns 36,872 shares of the company’s stock, valued at approximately $1,124,964.72. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total value of $381,250.65. Following the completion of the sale, 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 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,493 shares of company stock valued at $1,097,753. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

Institutional investors have recently modified their holdings of the business. Centiva Capital LP boosted its holdings in shares of Five9 by 87.1% during the 3rd quarter. Centiva Capital LP now owns 56,263 shares of the software maker’s stock valued at $1,616,000 after acquiring an additional 26,193 shares during the last quarter. Circumference Group LLC purchased a new stake in Five9 in the third quarter worth approximately $3,304,000. Atom Investors LP raised its stake in Five9 by 92.7% during the 3rd quarter. Atom Investors LP now owns 45,367 shares of the software maker’s stock valued at $1,303,000 after buying an additional 21,823 shares during the last quarter. Point72 Hong Kong Ltd lifted its stake in shares of Five9 by 153.4% in the 3rd quarter. Point72 Hong Kong Ltd now owns 23,601 shares of the software maker’s stock worth $678,000 after purchasing an additional 14,288 shares during the period. Finally, Scalar Gauge Management LLC boosted its holdings in Five9 by 191.7% in the 3rd quarter. Scalar Gauge Management LLC now owns 462,291 shares of the software maker’s stock worth $13,282,000 after buying an additional 303,791 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.