Five9 (NASDAQ:FIVN) Reaches New 12-Month Low at $28.68

Five9, Inc. (NASDAQ:FIVN) reached a new 52-week low during trading on Friday . The company traded as low as $28.68 and last traded at $28.71, with a volume of 1101268 shares. The stock had previously closed at $29.58.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FIVN. Robert W. Baird lowered Five9 from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $90.00 to $40.00 in a research report on Friday, August 9th. Baird R W cut shares of Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Monday, August 5th. Wells Fargo & Company lowered their price objective on Five9 from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, Morgan Stanley cut their target price on Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, June 14th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Five9 presently has an average rating of “Moderate Buy” and a consensus target price of $63.35.

Five9 Trading Down 2.0 %

The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $2.14 billion, a PE ratio of -35.06 and a beta of 0.82. The stock’s fifty day simple moving average is $39.02 and its 200 day simple moving average is $49.53.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.14. The firm had revenue of $252.09 million during the quarter, compared to analyst estimates of $244.54 million. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. On average, sell-side analysts predict that Five9, Inc. will post -0.09 earnings per share for the current year.

Insider Transactions at Five9

In other Five9 news, CRO Daniel P. Burkland sold 2,637 shares of Five9 stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $43.55, for a total transaction of $114,841.35. Following the transaction, the executive now owns 130,079 shares of the company’s stock, valued at $5,664,940.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Five9 news, CRO Daniel P. Burkland sold 2,637 shares of the stock in a transaction 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 approximately $5,664,940.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Barry Zwarenstein sold 10,291 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $42.64, for a total value of $438,808.24. Following the completion of the transaction, the chief financial officer now owns 107,255 shares in the company, valued at $4,573,353.20. The disclosure for this sale can be found here. Insiders have sold 21,740 shares of company stock valued at $920,060 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five9

A number of institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in Five9 during the fourth quarter valued at $1,684,000. Victory Capital Management Inc. grew its position in shares of Five9 by 23.3% during the fourth quarter. Victory Capital Management Inc. now owns 325,959 shares of the software maker’s stock valued at $25,650,000 after purchasing an additional 61,583 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Five9 by 6.4% in the fourth quarter. Amalgamated Bank now owns 16,382 shares of the software maker’s stock worth $1,289,000 after purchasing an additional 988 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Five9 by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 447,237 shares of the software maker’s stock worth $35,193,000 after purchasing an additional 16,108 shares during the last quarter. Finally, Arcadia Investment Management Corp MI lifted its position in shares of Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after buying an additional 144 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.