Five9 (NASDAQ:FIVN) Reaches New 52-Week Low – What’s Next?

Shares of Five9, Inc. (NASDAQ:FIVN) hit a new 52-week low during trading 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 Ratings Changes

Several research analysts recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $65.00 price target on shares of Five9 in a research note on Wednesday, March 19th. Barclays raised their target price 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. Cantor Fitzgerald boosted their price target on Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 price objective on shares of Five9 in a research report on Monday, March 17th. Finally, Piper Sandler lifted their price objective on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.76.

Five9 Price Performance

The firm has a 50-day simple moving average of $36.06 and a 200-day simple moving average of $35.83. The firm has a market capitalization of $2.05 billion, a PE ratio of -135.39, a PEG ratio of 9.41 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) 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 business had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. As a group, equities analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $34,277.00. Following the transaction, the chief accounting officer now owns 47,165 shares in the company, valued at approximately $1,424,383. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Burkland sold 12,595 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the sale, the chief executive officer now owns 404,056 shares of the company’s stock, valued at $14,396,515.28. The trade was a 3.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,874 shares of company stock valued at $985,446. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sylebra Capital LLC raised its position in shares of Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after buying an additional 1,396,496 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Five9 by 353.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock worth $97,356,000 after purchasing an additional 1,867,137 shares in the last quarter. Norges Bank purchased a new stake in Five9 in the 4th quarter worth $81,280,000. Wellington Management Group LLP boosted its holdings in shares of Five9 by 50.9% during the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after purchasing an additional 601,348 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Five9 by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 1,317,450 shares of the software maker’s stock valued at $53,558,000 after purchasing an additional 105,265 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, 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.