Five9 (NASDAQ:FIVN) Cut to “Neutral” at Robert W. Baird

Five9 (NASDAQ:FIVN) was downgraded by stock analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday, MarketBeat.com reports. They presently have a $40.00 target price on the software maker’s stock, down from their prior target price of $90.00. Robert W. Baird’s price target would suggest a potential upside of 28.12% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Morgan Stanley lowered their target price on Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, June 14th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Five9 in a research note on Thursday, June 6th. Rosenblatt Securities reissued a “buy” rating and issued a $80.00 price objective on shares of Five9 in a research note on Friday, May 3rd. Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Monday, August 5th. Finally, Barclays decreased their target price on shares of Five9 from $95.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.82.

Five9 Price Performance

NASDAQ FIVN traded down $11.25 during trading hours on Friday, reaching $31.22. 13,572,495 shares of the company’s stock were exchanged, compared to its average volume of 1,377,451. The stock has a market cap of $2.31 billion, a PE ratio of -36.73 and a beta of 0.82. Five9 has a one year low of $28.75 and a one year high of $92.40. The firm has a fifty day moving average of $42.66 and a 200-day moving average of $55.11. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41.

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

Insider Buying and Selling at Five9

In other Five9 news, CEO Michael Burkland sold 12,386 shares of Five9 stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $573,471.80. Following the completion of the sale, the chief executive officer now directly owns 266,083 shares in the company, valued at approximately $12,319,642.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Michael Burkland sold 12,386 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total value of $573,471.80. Following the completion of the sale, the chief executive officer now owns 266,083 shares of the company’s stock, valued at approximately $12,319,642.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Daniel P. Burkland sold 7,698 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $356,417.40. Following the transaction, the executive now directly owns 127,635 shares in the company, valued at approximately $5,909,500.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,385 shares of company stock valued at $2,418,755. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

Several hedge funds have recently added to or reduced their stakes in FIVN. Arcadia Investment Management Corp MI increased its stake in Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after purchasing an additional 144 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its stake in Five9 by 139.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after purchasing an additional 279 shares during the last quarter. Headlands Technologies LLC increased its stake in Five9 by 136.0% in the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after purchasing an additional 306 shares during the last quarter. Quent Capital LLC increased its stake in Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after purchasing an additional 352 shares during the last quarter. Finally, Intrust Bank NA purchased a new position in Five9 in the fourth quarter valued at approximately $202,000. 96.64% of the stock is currently 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.