Five9 (NASDAQ:FIVN) Given New $80.00 Price Target at Morgan Stanley

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Five9 (NASDAQ:FIVN) had its price target boosted by Morgan Stanley from $72.00 to $80.00 in a report issued on Thursday, AnalystRatings.com reports. Morgan Stanley currently has an equal weight rating on the software maker’s stock.

Several other research firms have also weighed in on FIVN. Zacks Investment Research raised shares of Five9 from a hold rating to a buy rating and set a $80.00 target price for the company in a report on Monday, February 3rd. ValuEngine lowered shares of Five9 from a buy rating to a hold rating in a report on Tuesday, December 3rd. Needham & Company LLC lifted their target price on shares of Five9 from $70.00 to $82.00 and gave the company a buy rating in a report on Tuesday, February 4th. Guggenheim lifted their target price on shares of Five9 from $70.00 to $80.00 and gave the company a buy rating in a report on Monday, December 9th. Finally, Craig Hallum reaffirmed a buy rating and set a $72.00 target price (up from $68.00) on shares of Five9 in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $80.74.

NASDAQ:FIVN opened at $73.25 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 6.09 and a quick ratio of 6.09. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of -915.63 and a beta of 0.60. The company has a 50 day moving average price of $72.75 and a 200-day moving average price of $63.84. Five9 has a 1-year low of $46.08 and a 1-year high of $80.58.

Five9 (NASDAQ:FIVN) last posted its earnings results on Wednesday, February 19th. The software maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.23. The firm had revenue of $92.26 million during the quarter, compared to analyst estimates of $86.71 million. Five9 had a negative net margin of 1.39% and a positive return on equity of 6.48%. The business’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. On average, sell-side analysts anticipate that Five9 will post -0.08 earnings per share for the current fiscal year.

In other Five9 news, CEO Rowan M. Trollope sold 12,600 shares of Five9 stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $64.95, for a total transaction of $818,370.00. Following the sale, the chief executive officer now owns 351,841 shares of the company’s stock, valued at approximately $22,852,072.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Barry Zwarenstein sold 4,398 shares of Five9 stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $67.25, for a total transaction of $295,765.50. Following the sale, the chief financial officer now directly owns 103,994 shares in the company, valued at approximately $6,993,596.50. The disclosure for this sale can be found here. In the last three months, insiders sold 239,418 shares of company stock valued at $16,275,896. 4.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in FIVN. Carroll Financial Associates Inc. acquired a new stake in Five9 during the 4th quarter worth $41,000. Focused Wealth Management Inc acquired a new stake in Five9 during the 3rd quarter worth $64,000. Sowell Financial Services LLC boosted its stake in Five9 by 203.3% during the 4th quarter. Sowell Financial Services LLC now owns 1,462 shares of the software maker’s stock worth $96,000 after purchasing an additional 980 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Five9 during the 3rd quarter worth $107,000. Finally, Tower Research Capital LLC TRC boosted its stake in Five9 by 5,538.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,199 shares of the software maker’s stock worth $118,000 after purchasing an additional 2,160 shares during the last quarter.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Analyst Recommendations for Five9 (NASDAQ:FIVN)

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