Five9, Inc. (NASDAQ:FIVN - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as $21.30 and last traded at $22.75, with a volume of 1142224 shares trading hands. The stock had previously closed at $23.00.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on FIVN. Cantor Fitzgerald reissued an "overweight" rating on shares of Five9 in a research note on Wednesday, April 2nd. Truist Financial reiterated a "buy" rating and issued a $65.00 price objective on shares of Five9 in a research note on Tuesday, December 17th. Morgan Stanley increased their target price on shares of Five9 from $40.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 18th. William Blair reaffirmed an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $58.00 price objective on shares of Five9 in a report on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $56.76.
View Our Latest Stock Report on Five9
Five9 Stock Down 0.7 %
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 market capitalization of $1.75 billion, a P/E ratio of -115.34, a P/E/G ratio of 9.41 and a beta of 1.29. The stock's 50-day simple moving average is $32.71 and its 200-day simple moving average is $35.42.
Five9 (NASDAQ:FIVN - Get Free Report) last announced its 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). The business had revenue of $278.66 million during the quarter, compared to analysts' expectations of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. As a group, research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.
Insider Activity
In other news, COO Andy Dignan sold 2,840 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $94,373.20. Following the completion of the sale, the chief operating officer now owns 194,201 shares in the company, valued at $6,453,299.23. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the transaction, the executive vice president now owns 126,359 shares in the company, valued at approximately $4,220,390.60. The trade was a 5.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,574 shares of company stock valued at $1,004,346 in the last ninety days. 1.80% of the stock is currently owned by insiders.
Institutional Trading of Five9
Several hedge funds have recently made changes to their positions in FIVN. Lindbrook Capital LLC increased its holdings in 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 bought a new position in Five9 during the fourth quarter worth about $36,000. Johnson Financial Group Inc. bought a new position in Five9 during the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC increased its stake in shares of Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock valued at $107,000 after purchasing an additional 2,571 shares during the period. 96.64% of the stock is currently owned by institutional investors.
Five9 Company Profile
(
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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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