Five9 (NASDAQ:FIVN) PT Lowered to $37.00 at Morgan Stanley

by · The Cerbat Gem

Five9 (NASDAQ:FIVN – Free Report) had its target price decreased by Morgan Stanley from $45.00 to $37.00 in a research note issued to investors on Tuesday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the software maker’s stock.

Several other equities research analysts have also recently issued reports on FIVN. Baird R W cut shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Wells Fargo & Company decreased their target price on shares of Five9 from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Piper Sandler reissued an “overweight” rating and issued a $47.00 target price on shares of Five9 in a research report on Wednesday, August 21st. Robert W. Baird cut shares of Five9 from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $90.00 to $40.00 in a research report on Friday, August 9th. Finally, Northland Securities decreased their target price on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.59.

Read Our Latest Research Report on FIVN

Five9 Stock Performance

NASDAQ:FIVN opened at $30.58 on Tuesday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average price of $30.14 and a two-hundred day moving average price of $42.34. Five9 has a twelve month low of $26.60 and a twelve month high of $92.40. The company has a market capitalization of $2.26 billion, a P/E ratio of -35.98 and a beta of 0.85.

Five9 (NASDAQ:FIVN – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The company had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $244.54 million. As a group, research analysts expect that Five9 will post -0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Andy Dignan sold 4,245 shares of Five9 stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total value of $128,453.70. Following the completion of the sale, the chief operating officer now owns 119,927 shares in the company, valued at approximately $3,628,991.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Five9 news, COO Andy Dignan sold 4,245 shares of Five9 stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total value of $128,453.70. Following the completion of the transaction, the chief operating officer now owns 119,927 shares of the company’s stock, valued at $3,628,991.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Panos Kozanian sold 7,617 shares of Five9 stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total transaction of $228,662.34. Following the completion of the transaction, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at approximately $2,300,372.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,130 shares of company stock worth $1,212,594. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

Several hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC acquired a new position in shares of Five9 during the third quarter valued at $141,000. SG Americas Securities LLC acquired a new stake in Five9 in the third quarter worth about $1,429,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Five9 in the second quarter worth about $57,000. Sylebra Capital LLC lifted its holdings in Five9 by 28.4% in the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after purchasing an additional 666,681 shares during the period. Finally, Clearline Capital LP acquired a new stake in Five9 in the second quarter worth about $1,606,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Company Profile

(Get Free Report)

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.

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