Five9 (NASDAQ:FIVN) Reaches New 52-Week Low – Here’s What Happened

Five9, Inc. (NASDAQ:FIVN)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $26.50 and last traded at $26.97, with a volume of 72430 shares. The stock had previously closed at $27.75.

Analyst Ratings Changes

FIVN has been the topic of several research reports. Piper Sandler upped their target price on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. William Blair reissued an “outperform” rating on shares of Five9 in a report on Thursday, March 13th. Barclays lifted their target price on Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Five9 in a report on Thursday, March 20th. Finally, Truist Financial restated a “buy” rating and set a $65.00 target price on shares of Five9 in a research report on Tuesday, December 17th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.76.

Five9 Trading Down 1.9 %

The company’s fifty day simple moving average is $36.51 and its 200-day simple moving average is $35.84. The firm has a market capitalization of $2.06 billion, a PE ratio of -136.00, a P/E/G ratio of 9.41 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The company had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.70 million. As a group, sell-side analysts expect that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Andy Dignan sold 2,840 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $94,373.20. Following the completion of the sale, the chief operating officer now directly owns 194,201 shares in the company, valued at $6,453,299.23. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the transaction, the executive vice president now owns 126,359 shares in the company, valued at $4,220,390.60. The trade was a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,874 shares of company stock worth $985,446. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Five9

Institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its stake in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after acquiring an additional 520 shares during the last quarter. Banque Transatlantique SA acquired a new stake in Five9 during the fourth quarter worth about $36,000. Johnson Financial Group Inc. purchased a new position in Five9 during the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC boosted its holdings in Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Five9 by 3,955.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after buying an additional 2,571 shares during the period. Hedge funds and other institutional investors own 96.64% of the company’s stock.

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.