Brokerages Set Five9, Inc. (NASDAQ:FIVN) Price Target at $32.93

Shares of Five9, Inc. (NASDAQ:FIVN) have received a consensus recommendation of “Moderate Buy” from the nineteen analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $32.9333.

Several analysts recently commented on the stock. Zacks Research downgraded shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. HSBC raised shares of Five9 to a “buy” rating in a research note on Thursday, December 18th. Morgan Stanley set a $30.00 price target on shares of Five9 in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Five9 in a report on Monday. Finally, Barclays lowered their target price on Five9 from $33.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th.

Insiders Place Their Bets

In related news, CRO Matthew E. Tuckness sold 5,255 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $20.35, for a total value of $106,939.25. Following the transaction, the executive owned 176,379 shares in the company, valued at approximately $3,589,312.65. This represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tiffany N. Meriweather sold 6,852 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $20.35, for a total transaction of $139,438.20. Following the transaction, the insider directly owned 212,126 shares in the company, valued at approximately $4,316,764.10. The trade was a 3.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 66,039 shares of company stock worth $1,347,231 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Five9

Several institutional investors and hedge funds have recently modified their holdings of FIVN. Northwestern Mutual Wealth Management Co. increased its position in Five9 by 11,392.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,218 shares of the software maker’s stock worth $87,000 after buying an additional 3,190 shares during the last quarter. Trexquant Investment LP lifted its position in shares of Five9 by 33.8% in the first quarter. Trexquant Investment LP now owns 209,247 shares of the software maker’s stock worth $5,681,000 after buying an additional 52,878 shares during the last quarter. State of Wyoming boosted its stake in shares of Five9 by 11.5% during the 1st quarter. State of Wyoming now owns 5,260 shares of the software maker’s stock worth $143,000 after acquiring an additional 543 shares in the last quarter. Quarry LP acquired a new position in shares of Five9 during the 1st quarter valued at about $74,000. Finally, MAI Capital Management raised its stake in shares of Five9 by 229.7% in the 1st quarter. MAI Capital Management now owns 5,269 shares of the software maker’s stock valued at $143,000 after acquiring an additional 3,671 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Stock Up 0.3%

NASDAQ:FIVN opened at $20.05 on Tuesday. The business’s fifty day moving average price is $20.77 and its 200 day moving average price is $24.04. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 55.69, a PEG ratio of 1.24 and a beta of 1.32. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.96. Five9 has a 1-year low of $17.71 and a 1-year 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 firm had revenue of $283.27 million during the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%. On average, sell-side analysts forecast that Five9 will post 0.28 earnings per share for the current fiscal year.

Five9 announced that its Board of Directors has initiated a stock buyback plan on Tuesday, November 11th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the software maker to repurchase up to 3.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Five9 Company Profile

Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.

Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.