Five9 (NASDAQ:FIVN) had its price objective reduced by Truist Securities from $212.00 to $190.00 in a report issued on Monday, Price Targets.com reports. They currently have a hold rating on the software maker’s stock.
Several other equities analysts have also commented on the company. Piper Sandler raised Five9 from a neutral rating to an overweight rating and lowered their price objective for the company from $203.00 to $200.00 in a research report on Friday, September 17th. They noted that the move was a valuation call. Northland Securities lowered Five9 from an outperform rating to a market perform rating in a research report on Tuesday, July 20th. Jefferies Financial Group lowered Five9 from a buy rating to a hold rating and set a $200.00 price target for the company. in a research report on Wednesday, July 28th. Truist lowered their price target on Five9 from $212.00 to $190.00 and set a hold rating for the company in a research report on Monday. Finally, Truist Financial downgraded Five9 to a hold rating and set a $212.00 price objective for the company. in a report on Monday, August 9th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $198.30.
Shares of Five9 stock opened at $170.82 on Monday. The company has a current ratio of 4.80, a quick ratio of 4.80 and a debt-to-equity ratio of 4.75. The firm has a market capitalization of $11.56 billion, a P/E ratio of -240.59 and a beta of 0.48. The business has a fifty day simple moving average of $183.11 and a two-hundred day simple moving average of $175.86. Five9 has a 12 month low of $120.66 and a 12 month high of $211.68.
In other Five9 news, CFO Barry Zwarenstein sold 550 shares of the company’s stock in a transaction on Thursday, August 26th. The stock was sold at an average price of $189.83, for a total value of $104,406.50. Following the transaction, the chief financial officer now owns 81,955 shares of the company’s stock, valued at approximately $15,557,517.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Daniel P. Burkland sold 1,165 shares of the company’s stock in a transaction on Friday, September 3rd. The shares were sold at an average price of $166.05, for a total value of $193,448.25. Following the completion of the transaction, the president now directly owns 94,861 shares in the company, valued at approximately $15,751,669.05. The disclosure for this sale can be found here. Insiders have sold a total of 54,582 shares of company stock worth $10,074,613 over the last ninety days. Insiders own 2.50% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Five9 by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,860,862 shares of the software maker’s stock worth $1,541,549,000 after purchasing an additional 314,572 shares during the last quarter. BlackRock Inc. raised its stake in Five9 by 3.6% in the second quarter. BlackRock Inc. now owns 4,214,409 shares of the software maker’s stock valued at $772,882,000 after buying an additional 147,507 shares during the last quarter. Wasatch Advisors Inc. raised its stake in Five9 by 1.7% in the first quarter. Wasatch Advisors Inc. now owns 2,827,659 shares of the software maker’s stock valued at $442,048,000 after buying an additional 47,097 shares during the last quarter. Macquarie Group Ltd. raised its stake in Five9 by 10,448.9% in the second quarter. Macquarie Group Ltd. now owns 2,318,755 shares of the software maker’s stock valued at $425,237,000 after buying an additional 2,296,774 shares during the last quarter. Finally, Waddell & Reed Financial Inc. raised its stake in Five9 by 71.2% in the first quarter. Waddell & Reed Financial Inc. now owns 2,148,101 shares of the software maker’s stock valued at $335,813,000 after buying an additional 893,067 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.
Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.
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