Five9 (NASDAQ:FIVN) Raised to Strong-Buy at Zacks Research

Key Points

• Five9 (NASDAQ:FIVN) has been upgraded to a strong-buy rating by Zacks Research, reflecting increased analyst confidence despite the stock's recent performance.
• The stock is currently priced at $22.17, down 4.0%, with a market capitalization of $1.71 billion and a consensus rating of "Moderate Buy".
• Insider trading activity shows CEO Michael Burkland recently sold shares valued at $473,891, which represents a 4.77% decrease in his position, amidst other notable institutional investment shifts.

Five9 (NASDAQ:FIVN - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Monday,Zacks.com reports.

FIVN has been the topic of a number of other reports. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $40.00 price target on shares of Five9 in a research note on Friday, August 1st. Piper Sandler lowered their price target on Five9 from $36.00 to $31.00 and set an "overweight" rating on the stock in a research note on Monday, July 14th. DA Davidson reaffirmed a "neutral" rating and issued a $28.00 price target on shares of Five9 in a research note on Friday, September 12th. Wall Street Zen raised Five9 from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price target on shares of Five9 in a research note on Friday, August 1st. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.88.

Five9 Stock Down 4.0%

Five9 stock opened at $22.17 on Monday. The stock has a market capitalization of $1.71 billion, a PE ratio of 246.36, a price-to-earnings-growth ratio of 2.18 and a beta of 1.19. Five9 has a 12 month low of $21.04 and a 12 month high of $49.90. The business has a 50 day simple moving average of $25.63 and a 200-day simple moving average of $26.20. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.44 and a quick ratio of 4.44.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.11. The business had revenue of $283.27 million during the quarter, compared to analysts' expectations of $275.18 million. Five9 had a return on equity of 8.91% and a net margin of 0.80%.The business's revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. Five9 has set its Q3 2025 guidance at 0.720-0.740 EPS. FY 2025 guidance at 2.860-2.900 EPS. On average, analysts anticipate that Five9 will post 0.28 EPS for the current fiscal year.

Insider Activity

In related news, CEO Michael Burkland sold 18,425 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.72, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tiffany N. Meriweather sold 7,861 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.72, for a total value of $202,184.92. Following the transaction, the insider directly owned 218,978 shares in the company, valued at approximately $5,632,114.16. The trade was a 3.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,781 shares of company stock worth $1,563,724 in the last quarter. Insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Five9

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Voss Capital LP grew its position in shares of Five9 by 211.4% during the second quarter. Voss Capital LP now owns 3,250,000 shares of the software maker's stock worth $86,060,000 after buying an additional 2,206,173 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Five9 by 14.8% during the first quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker's stock worth $74,649,000 after buying an additional 353,939 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Five9 by 292.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker's stock worth $72,745,000 after buying an additional 1,996,628 shares in the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of Five9 by 14.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker's stock valued at $58,122,000 after acquiring an additional 266,484 shares during the last quarter. Finally, Armistice Capital LLC increased its holdings in shares of Five9 by 6.5% in the 1st quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker's stock valued at $56,961,000 after acquiring an additional 127,793 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.