Five9 (NASDAQ:FIVN) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Five9 (NASDAQ:FIVN) in a research note published on Friday, MarketBeat reports. The firm issued an overweight rating and a $46.00 price objective on the software maker’s stock.

A number of other research analysts have also weighed in on the stock. Rosenblatt Securities lifted their price objective on shares of Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Robert W. Baird boosted their price target on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. DA Davidson boosted their price target on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC boosted their price target on shares of Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Morgan Stanley boosted their price target on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.50.

Five9 Stock Up 2.2 %

Five9 stock opened at $37.39 on Friday. Five9 has a 1-year low of $26.60 and a 1-year high of $81.24. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of -74.78, a P/E/G ratio of 8.57 and a beta of 0.92. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a 50 day simple moving average of $40.48 and a 200 day simple moving average of $36.38.

Insiders Place Their Bets

In other news, CAO Leena Mansharamani sold 1,346 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total transaction of $55,630.18. Following the completion of the transaction, the chief accounting officer now directly owns 35,526 shares of the company’s stock, valued at approximately $1,468,289.58. This represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total transaction of $320,683.71. Following the transaction, the executive vice president now directly owns 69,009 shares of the company’s stock, valued at approximately $2,904,588.81. This trade represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,004 shares of company stock valued at $1,209,279 over the last three months. 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. Janney Montgomery Scott LLC raised its stake in shares of Five9 by 25.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 35,372 shares of the software maker’s stock valued at $1,438,000 after acquiring an additional 7,140 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in shares of Five9 by 40.5% during the fourth quarter. Ameritas Advisory Services LLC now owns 11,005 shares of the software maker’s stock valued at $447,000 after acquiring an additional 3,173 shares during the last quarter. Mirador Capital Partners LP increased its position in shares of Five9 by 48.9% during the fourth quarter. Mirador Capital Partners LP now owns 27,707 shares of the software maker’s stock valued at $1,126,000 after buying an additional 9,095 shares during the period. FNY Investment Advisers LLC increased its position in shares of Five9 by 324.8% during the fourth quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after buying an additional 2,485 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of Five9 by 2.7% during the fourth quarter. Nordea Investment Management AB now owns 134,750 shares of the software maker’s stock valued at $5,550,000 after buying an additional 3,549 shares during the period. 96.64% of the stock is owned by institutional investors.

About Five9

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.