Five9 (NASDAQ:FIVN) Hits New 1-Year Low - Time to Sell?

Key Points

• Five9's stock price fell to a new 52-week low at $20.97, down from a previous close of $22.04, with significant trading volume of 613,964 shares.
• Analysts have mixed ratings on Five9, with a consensus target price of $37.88, but recent reports show a notable range of ratings from "sell" to "strong-buy."
• Insider transactions indicate confidence issues, with executives Andy Dignan and Michael Burkland recently selling shares, reducing their ownership by 3.37% and 4.77%, respectively.

Five9, Inc. (NASDAQ:FIVN - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as $21.04 and last traded at $20.97, with a volume of 613964 shares changing hands. The stock had previously closed at $22.04.

Analyst Upgrades and Downgrades

FIVN has been the subject of several analyst reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Five9 in a research note on Wednesday. Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 price objective on shares of Five9 in a research note on Friday, August 1st. Piper Sandler reduced their price objective on Five9 from $36.00 to $31.00 and set an "overweight" rating for the company in a research note on Monday, July 14th. DA Davidson reissued a "neutral" rating and set a $28.00 target price on shares of Five9 in a research note on Friday, September 12th. Finally, Zacks Research raised Five9 from a "hold" rating to a "strong-buy" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $37.88.

Five9 Trading Down 4.8%

The company has a market cap of $1.62 billion, a PE ratio of 231.21, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19. The business has a 50 day simple moving average of $25.45 and a two-hundred day simple moving average of $26.11. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. Five9 had a return on equity of 8.91% and a net margin of 0.80%.The company had revenue of $283.27 million for the quarter. On average, analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Insider Transactions at Five9

In other news, President Andy Dignan sold 7,614 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $25.48, for a total transaction of $194,004.72. Following the completion of the transaction, the president directly owned 218,125 shares of the company's stock, valued at approximately $5,557,825. This represents a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 18,425 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $25.72, for a total value of $473,891.00. Following the transaction, the chief executive officer owned 367,562 shares of the company's stock, valued at approximately $9,453,694.64. This represents a 4.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,781 shares of company stock valued at $1,563,724 over the last 90 days. Corporate insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Five9

A number of institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new stake in shares of Five9 during the 2nd quarter valued at $32,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Five9 by 419.2% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker's stock valued at $61,000 after acquiring an additional 1,811 shares during the last quarter. Quarry LP acquired a new stake in shares of Five9 during the 1st quarter valued at $74,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Five9 by 11,392.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,218 shares of the software maker's stock valued at $87,000 after acquiring an additional 3,190 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new stake in Five9 during the 1st quarter valued at $127,000. 96.64% of the stock is currently 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, 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.

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