Five9 (NASDAQ:FIVN) Downgraded by Baird R W

Baird R W lowered shares of Five9 (NASDAQ:FIVN) from a strong-buy rating to a hold rating in a research report sent to investors on Friday morning, Zacks.com reports.

Other analysts also recently issued research reports about the stock. StockNews.com raised shares of Five9 from a sell rating to a hold rating in a research report on Thursday. Northland Securities lowered their price objective on Five9 from $95.00 to $50.00 and set an outperform rating on the stock in a research note on Friday. Robert W. Baird lowered Five9 from an outperform rating to a neutral rating and reduced their target price for the company from $90.00 to $40.00 in a report on Friday. Truist Financial reduced their target price on Five9 from $100.00 to $65.00 and set a buy rating for the company in a report on Friday. Finally, Bank of America raised Five9 from an underperform rating to a buy rating and set a $63.00 price objective for the company in a report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $65.82.

Five9 Trading Down 26.5 %

NASDAQ FIVN traded down $11.25 during trading hours on Friday, reaching $31.22. The company’s stock had a trading volume of 13,572,495 shares, compared to its average volume of 1,377,451. The firm has a fifty day simple moving average of $42.66 and a 200-day simple moving average of $55.27. The stock has a market cap of $2.31 billion, a P/E ratio of -36.73 and a beta of 0.82. Five9 has a 52 week low of $28.75 and a 52 week high of $92.40. The company has a debt-to-equity ratio of 2.41, a current ratio of 7.02 and a quick ratio of 7.02.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. The business had revenue of $252.09 million during the quarter, compared to the consensus estimate of $244.54 million. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. Equities analysts forecast that Five9 will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Five9 news, CRO Daniel P. Burkland sold 2,637 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $43.55, for a total value of $114,841.35. Following the completion of the sale, the executive now owns 130,079 shares in the company, valued at $5,664,940.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Five9 news, CRO Daniel P. Burkland sold 2,637 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $43.55, for a total value of $114,841.35. Following the completion of the sale, the executive now owns 130,079 shares in the company, valued at $5,664,940.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Panos Kozanian sold 6,893 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total value of $319,145.90. Following the completion of the sale, the executive vice president now owns 94,477 shares of the company’s stock, valued at approximately $4,374,285.10. The disclosure for this sale can be found here. Insiders sold 53,385 shares of company stock worth $2,418,755 in the last quarter. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Five9

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arcadia Investment Management Corp MI raised its holdings in shares of Five9 by 46.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after acquiring an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Five9 by 139.5% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after acquiring an additional 279 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of Five9 by 136.0% during the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after acquiring an additional 306 shares in the last quarter. Quent Capital LLC raised its holdings in shares of Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after acquiring an additional 352 shares in the last quarter. Finally, Intrust Bank NA bought a new position in shares of Five9 during the fourth quarter valued at approximately $202,000. 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 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.