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

Robert W. Baird cut shares of Five9 (NASDAQ:FIVN) from an outperform rating to a neutral rating in a research report report published on Friday morning, Marketbeat reports. They currently have $40.00 price objective on the software maker’s stock, down from their previous price objective of $90.00.

Several other equities research analysts also recently weighed in on FIVN. Morgan Stanley dropped their target price on shares of Five9 from $70.00 to $50.00 and set an equal weight rating for the company in a research report on Friday, June 14th. Canaccord Genuity Group dropped their target price on shares of Five9 from $90.00 to $75.00 and set a buy rating for the company in a research report on Monday, April 22nd. Wells Fargo & Company lowered their price objective on shares of Five9 from $85.00 to $80.00 and set an overweight rating for the company in a research report on Monday, June 10th. Needham & Company LLC reaffirmed a buy rating and set a $90.00 price objective on shares of Five9 in a research report on Thursday, June 6th. Finally, Bank of America raised shares of Five9 from an underperform rating to a buy rating and set a $63.00 price objective for the company in a research report on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Five9 currently has a consensus rating of Moderate Buy and an average target price of $65.82.

Five9 Stock Down 26.5 %

Shares of NASDAQ:FIVN traded down $11.25 during midday trading on Friday, hitting $31.22. 13,572,495 shares of the company’s stock traded hands, compared to its average volume of 1,377,451. Five9 has a twelve month low of $28.75 and a twelve month high of $92.40. The company has a market cap of $2.31 billion, a PE ratio of -36.73 and a beta of 0.82. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02. The firm’s fifty day moving average price is $42.66 and its two-hundred day moving average price is $55.11.

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

Insiders Place Their Bets

In other Five9 news, EVP Panos Kozanian sold 6,893 shares of the firm’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 $319,145.90. Following the sale, the executive vice president now directly owns 94,477 shares in the company, valued at approximately $4,374,285.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Panos Kozanian sold 6,893 shares of the firm’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 $319,145.90. Following the completion of the transaction, the executive vice president now directly owns 94,477 shares of the company’s stock, valued at approximately $4,374,285.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Burkland sold 12,386 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $573,471.80. Following the transaction, the chief executive officer now directly owns 266,083 shares of the company’s stock, valued at $12,319,642.90. The disclosure for this sale can be found here. Insiders have sold 53,385 shares of company stock worth $2,418,755 in the last ninety days. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

Several institutional investors have recently added to or reduced their stakes in FIVN. Arcadia Investment Management Corp MI lifted its holdings in Five9 by 46.8% during the 4th 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. raised its stake in shares of Five9 by 139.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after acquiring an additional 279 shares during the last quarter. Headlands Technologies LLC raised its stake in shares of Five9 by 136.0% in the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after acquiring an additional 306 shares during the last quarter. Quent Capital LLC grew its position in shares of Five9 by 8.7% during the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after buying an additional 352 shares during the period. Finally, Intrust Bank NA acquired a new stake in shares of Five9 during the 4th quarter worth approximately $202,000. 96.64% of the stock is owned by 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.