Five9 (NASDAQ:FIVN) Rating Lowered to Hold at Zacks Research

Five9 (NASDAQ:FIVN) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research firms have also commented on FIVN. Truist Financial set a $23.00 price target on shares of Five9 in a report on Wednesday, July 1st. Cantor Fitzgerald increased their price objective on shares of Five9 from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Barclays raised their target price on shares of Five9 from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. UBS Group upped their target price on Five9 from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Weiss Ratings upgraded Five9 from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 19th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.93.

Five9 Stock Performance

FIVN stock opened at $27.51 on Thursday. The stock’s 50 day simple moving average is $23.23 and its 200 day simple moving average is $19.49. Five9 has a 12-month low of $13.29 and a 12-month high of $28.86. The firm has a market cap of $2.11 billion, a P/E ratio of 41.68, a P/E/G ratio of 1.22 and a beta of 1.46. The company has a current ratio of 4.51, a quick ratio of 4.51 and a debt-to-equity ratio of 0.89.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, April 30th. The software maker reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $305.32 million during the quarter, compared to the consensus estimate of $299.92 million. Five9 had a net margin of 4.87% and a return on equity of 12.66%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share. As a group, equities research analysts predict that Five9 will post 1.39 EPS for the current year.

Insider Buying and Selling at Five9

In related news, CRO Matthew E. Tuckness sold 8,645 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $24.81, for a total value of $214,482.45. Following the sale, the executive owned 281,492 shares of the company’s stock, valued at $6,983,816.52. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Bryan M. Lee sold 16,620 shares of Five9 stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $24.81, for a total transaction of $412,342.20. Following the completion of the sale, the chief financial officer owned 311,462 shares in the company, valued at approximately $7,727,372.22. This represents a 5.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 85,820 shares of company stock valued at $2,014,057. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Five9

Several large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Five9 by 378.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock valued at $26,000 after buying an additional 1,367 shares during the last quarter. Quarry LP bought a new position in Five9 in the 3rd quarter worth approximately $33,000. Optiver Holding B.V. grew its holdings in Five9 by 575.9% in the 1st quarter. Optiver Holding B.V. now owns 2,325 shares of the software maker’s stock worth $35,000 after buying an additional 1,981 shares in the last quarter. Rothschild Investment LLC increased its position in Five9 by 3,572.0% in the 4th quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker’s stock valued at $37,000 after acquiring an additional 1,786 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in Five9 in the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Company Profile

Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.

Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.