Fintel reports that on August 8, 2023, Jefferies maintained coverage of Five9 (NASDAQ:FIVN) with a Hold recommendation.
Analyst Price Forecast Suggests 7.69% Upside
As of August 2, 2023, the average one-year price target for Five9 is 87.94. The forecasts range from a low of 61.61 to a high of $110.25. The average price target represents an increase of 7.69% from its latest reported closing price of 81.66.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Five9 is 919MM, an increase of 8.35%. The projected annual non-GAAP EPS is 1.60.
What is the Fund Sentiment?
There are 746 funds or institutions reporting positions in Five9. This is a decrease of 6 owner(s) or 0.80% in the last quarter. Average portfolio weight of all funds dedicated to FIVN is 0.41%, a decrease of 14.12%. Total shares owned by institutions decreased in the last three months by 8.55% to 84,810K shares. 
The put/call ratio of FIVN is 0.58, indicating a bullish outlook.
What are Other Shareholders Doing?
Pictet Asset Management holds 3,856K shares representing 5.42% ownership of the company. In it's prior filing, the firm reported owning 2,346K shares, representing an increase of 39.16%. The firm increased its portfolio allocation in FIVN by 51.47% over the last quarter.
Wasatch Advisors holds 3,589K shares representing 5.04% ownership of the company. In it's prior filing, the firm reported owning 3,558K shares, representing an increase of 0.87%. The firm decreased its portfolio allocation in FIVN by 0.61% over the last quarter.
Sylebra Capital holds 2,577K shares representing 3.62% ownership of the company. In it's prior filing, the firm reported owning 2,495K shares, representing an increase of 3.17%. The firm decreased its portfolio allocation in FIVN by 13.14% over the last quarter.
Wellington Management Group Llp holds 2,427K shares representing 3.41% ownership of the company. In it's prior filing, the firm reported owning 3,691K shares, representing a decrease of 52.08%. The firm decreased its portfolio allocation in FIVN by 30.77% over the last quarter.
Alliancebernstein holds 2,195K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 2,151K shares, representing an increase of 2.04%. The firm decreased its portfolio allocation in FIVN by 12.37% over the last quarter.
Five9 Background Information
(This description is provided by the company.)
Five9 is an industry-leading provider of cloud contact center solutions, bringing the power of cloud innovation to more than 2,000 customers worldwide and facilitating billions of customer engagements annually. The Five9 Intelligent Cloud Contact Center provides digital engagement, analytics, workflow automation, workforce optimization, and practical AI to help customers reimagine their customer experience. Designed to be reliable, secure, compliant, and scalable, the Five9 platform helps increase agent and supervisor productivity, connects the contact center to the business, and ultimately deliver tangible business results including increased revenue and enhanced customer trust and loyalty.
Additional reading:
- Five9 Reports Second Quarter Revenue Growth of 18% to a Record $222.9 Million 28% Growth in LTM Enterprise Subscription Revenue Q2 Record GAAP Operating Cash Flow of $21.9 Million
- Amended and Restated Bylaws of Five9, Inc.
- Five9 Reports First Quarter Revenue Growth of 20% to a Record $218.4 Million 31% Growth in LTM Enterprise Subscription Revenue 48% Growth in LTM International Revenue Record GAAP Operating Cash Flow of $33.4 Million
- Five9 Inc. Non-Employee Director Compensation Policy
- Five9, Inc. Performance-Based Restricted Stock Unit Grant Notice and Award Agreement for 2023-2025 Performance Period - 2014 Equity Incentive Plan
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
