Five9 (NASDAQ:FIVN) Sets New 1-Year Low – Should You Sell?

Shares of Five9, Inc. (NASDAQ:FIVN) reached a new 52-week low on Monday . The company traded as low as $26.50 and last traded at $26.97, with a volume of 72430 shares changing hands. The stock had previously closed at $27.75.

Analyst Upgrades and Downgrades

FIVN has been the topic of a number of recent research reports. Barclays upped their price target on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Needham & Company LLC restated a “buy” rating and set a $52.00 target price on shares of Five9 in a research report on Monday, March 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $65.00 price target on shares of Five9 in a research report on Wednesday, March 19th. William Blair restated an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Finally, Truist Financial reiterated a “buy” rating and issued a $65.00 target price on shares of Five9 in a report on Tuesday, December 17th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.76.

Five9 Trading Down 0.3 %

The firm has a market capitalization of $2.05 billion, a P/E ratio of -135.39, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. The stock has a 50-day simple moving average of $36.06 and a two-hundred day simple moving average of $35.83. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The firm had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. On average, equities research analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Activity

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the sale, the executive vice president now owns 126,359 shares of the company’s stock, valued at approximately $4,220,390.60. This trade represents a 5.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the transaction, the chief executive officer now owns 404,056 shares in the company, valued at $14,396,515.28. This represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,874 shares of company stock worth $985,446. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Hedge funds have recently modified their holdings of the company. Gagnon Securities LLC lifted its position in Five9 by 10.4% during the fourth quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker’s stock valued at $14,878,000 after acquiring an additional 34,597 shares during the last quarter. Vestcor Inc increased its position in shares of Five9 by 42.9% during the third quarter. Vestcor Inc now owns 50,000 shares of the software maker’s stock worth $1,437,000 after purchasing an additional 15,000 shares in the last quarter. Barclays PLC lifted its holdings in shares of Five9 by 215.8% during the 3rd quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock valued at $6,956,000 after purchasing an additional 165,487 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Five9 in the 4th quarter worth $268,000. Finally, Bullseye Asset Management LLC grew its stake in Five9 by 13.7% during the 3rd quarter. Bullseye Asset Management LLC now owns 103,768 shares of the software maker’s stock worth $2,981,000 after buying an additional 12,500 shares during 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, 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.