UBS Group Cuts Five9 (NASDAQ:FIVN) Price Target to $81.00

Five9 (NASDAQ:FIVN) had its target price decreased by UBS Group from $90.00 to $81.00 in a research note issued to investors on Friday, Benzinga reports. UBS Group currently has a buy rating on the software maker’s stock.

FIVN has been the topic of several other reports. Piper Sandler raised their price objective on Five9 from $84.00 to $86.00 and gave the company an overweight rating in a report on Friday, January 12th. Morgan Stanley decreased their target price on Five9 from $80.00 to $70.00 and set an equal weight rating on the stock in a research report on Wednesday, April 17th. Rosenblatt Securities restated a buy rating and issued a $80.00 target price on shares of Five9 in a research report on Friday. Royal Bank of Canada initiated coverage on Five9 in a research report on Friday, March 15th. They issued an outperform rating and a $80.00 target price on the stock. Finally, Barclays decreased their target price on Five9 from $105.00 to $95.00 and set an overweight rating on the stock in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $84.88.

Five9 Stock Down 3.8 %

Shares of FIVN opened at $55.69 on Friday. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41. Five9 has a 12 month low of $51.01 and a 12 month high of $92.40. The stock’s 50 day moving average is $59.83 and its two-hundred day moving average is $68.49. The firm has a market cap of $4.11 billion, a P/E ratio of -65.52 and a beta of 0.85.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.14. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The company had revenue of $239.06 million for the quarter, compared to analyst estimates of $237.64 million. Analysts predict that Five9 will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Five9 news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the sale, the chief operating officer now owns 129,559 shares in the company, valued at $7,421,139.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five9

A number of institutional investors have recently modified their holdings of FIVN. Arcadia Investment Management Corp MI boosted its position in shares of Five9 by 46.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after acquiring an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its position in Five9 by 139.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after purchasing an additional 279 shares during the period. Headlands Technologies LLC increased its position in Five9 by 136.0% during the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after purchasing an additional 306 shares during the period. Intrust Bank NA acquired a new position in Five9 during the 4th quarter worth approximately $202,000. Finally, Orion Portfolio Solutions LLC grew its holdings in shares of Five9 by 15.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker’s stock worth $214,000 after acquiring an additional 452 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.