UBS Group Lowers Five9 (NASDAQ:FIVN) Price Target to $35.00

Five9 (NASDAQ:FIVN) had its price target lowered by equities research analysts at UBS Group from $55.00 to $35.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. UBS Group’s target price indicates a potential upside of 40.96% from the company’s current price.

Several other research firms also recently issued reports on FIVN. Jefferies Financial Group dropped their price objective on Five9 from $45.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, April 28th. Rosenblatt Securities restated a “buy” rating and issued a $36.00 price target on shares of Five9 in a research note on Friday. Needham & Company LLC reduced their price objective on shares of Five9 from $52.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday. William Blair reissued an “outperform” rating on shares of Five9 in a report on Thursday, March 13th. Finally, Royal Bank of Canada upped their target price on shares of Five9 from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Five9 Trading Down 1.0 %

NASDAQ FIVN opened at $24.83 on Friday. The stock has a market cap of $1.89 billion, a P/E ratio of -124.14, a PEG ratio of 9.41 and a beta of 1.23. The company’s fifty day simple moving average is $27.45 and its 200-day simple moving average is $34.88. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a 52 week low of $21.04 and a 52 week high of $58.76.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.14. The firm had revenue of $279.71 million for the quarter, compared to analyst estimates of $272.26 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 EPS. Equities research analysts predict that Five9 will post 0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other Five9 news, CAO Leena Mansharamani sold 1,517 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $50,409.91. Following the completion of the transaction, the chief accounting officer now directly owns 48,300 shares of the company’s stock, valued at $1,605,009. The trade was a 3.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the sale, the executive vice president now owns 126,359 shares in the company, valued at $4,220,390.60. The trade was a 5.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,574 shares of company stock valued at $1,004,346 over the last three months. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Five9

Large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Five9 in the fourth quarter worth $81,280,000. Ameriprise Financial Inc. grew its position in Five9 by 353.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock valued at $97,356,000 after buying an additional 1,867,137 shares in the last quarter. Sylebra Capital LLC increased its stake in Five9 by 59.4% during the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after buying an additional 1,396,496 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Five9 during the 4th quarter worth about $51,061,000. Finally, Wellington Management Group LLP lifted its stake in shares of Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock worth $72,496,000 after acquiring an additional 601,348 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.

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.