Five9 (NASDAQ:FIVN) Sets New 1-Year Low at $52.33

Five9, Inc. (NASDAQ:FIVN) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $52.33 and last traded at $52.34, with a volume of 282252 shares traded. The stock had previously closed at $53.65.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FIVN shares. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Five9 in a report on Friday, May 17th. Royal Bank of Canada began coverage on shares of Five9 in a research report on Friday, March 15th. They set an “outperform” rating and a $80.00 target price for the company. Morgan Stanley lowered their price objective on shares of Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Rosenblatt Securities restated a “buy” rating and issued a $80.00 price objective on shares of Five9 in a research report on Friday, May 3rd. Finally, Wells Fargo & Company lowered their price objective on shares of Five9 from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.88.

Five9 Price Performance

The company’s 50 day moving average is $58.30 and its 200-day moving average is $68.03. The company has a quick ratio of 7.02, a current ratio of 7.02 and a debt-to-equity ratio of 2.41.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.13. The business had revenue of $247.01 million during the quarter, compared to the consensus estimate of $239.72 million. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. On average, sell-side analysts expect that Five9, Inc. will post -0.23 EPS for the current year.

Insiders Place Their Bets

In other news, COO Andy Dignan sold 7,340 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction of $420,435.20. Following the transaction, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FIVN. Arcadia Investment Management Corp MI boosted its position 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 buying an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted 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 worth $38,000 after purchasing an additional 279 shares during the period. Headlands Technologies LLC lifted 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 worth $42,000 after purchasing an additional 306 shares during the period. Intrust Bank NA acquired a new position in shares of Five9 during the fourth quarter worth $202,000. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of Five9 by 15.7% during the third quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker’s stock worth $214,000 after purchasing an additional 452 shares during the period. 96.64% of the stock is owned by institutional investors.

Five9 Company Profile

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.