Five9 (NASDAQ:FIVN) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Five9 (NASDAQ:FIVN) from a strong-buy rating to a buy rating in a research report report published on Sunday.

A number of other brokerages have also recently commented on FIVN. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Five9 in a research note on Thursday, December 18th. Barclays cut their target price on Five9 from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Piper Sandler downgraded shares of Five9 from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $26.00 to $21.00 in a research report on Monday, January 5th. Cantor Fitzgerald decreased their price target on shares of Five9 from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Finally, Zacks Research lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Twelve investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Five9 has an average rating of “Moderate Buy” and an average target price of $32.07.

Five9 Trading Up 1.1%

FIVN opened at $16.75 on Friday. Five9 has a 1-year low of $15.70 and a 1-year high of $49.90. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.96. The company has a market cap of $1.31 billion, a P/E ratio of 46.53, a price-to-earnings-growth ratio of 0.85 and a beta of 1.32. The company has a fifty day moving average price of $19.06 and a two-hundred day moving average price of $21.97.

Five9 declared that its board has initiated a share buyback program on Tuesday, November 11th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the software maker to repurchase up to 3.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Five9

In other Five9 news, CEO Michael Burkland sold 17,992 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $20.35, for a total value of $366,137.20. Following the completion of the sale, the chief executive officer owned 349,570 shares in the company, valued at approximately $7,113,749.50. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Matthew E. Tuckness sold 5,255 shares of Five9 stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $20.35, for a total transaction of $106,939.25. Following the transaction, the executive directly owned 176,379 shares in the company, valued at approximately $3,589,312.65. This represents a 2.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 65,339 shares of company stock worth $1,330,186. 1.60% of the stock is owned by insiders.

Institutional Trading of Five9

A number of institutional investors and hedge funds have recently modified their holdings of the business. Voss Capital LP boosted its position in Five9 by 211.4% in the second quarter. Voss Capital LP now owns 3,250,000 shares of the software maker’s stock worth $86,060,000 after purchasing an additional 2,206,173 shares during the last quarter. Norges Bank bought a new stake in shares of Five9 during the 2nd quarter worth $39,056,000. Federated Hermes Inc. raised its stake in shares of Five9 by 124,372.3% during the 2nd quarter. Federated Hermes Inc. now owns 830,230 shares of the software maker’s stock worth $21,984,000 after purchasing an additional 829,563 shares during the period. Van Berkom & Associates Inc. boosted its holdings in shares of Five9 by 28.0% in the 4th quarter. Van Berkom & Associates Inc. now owns 3,596,380 shares of the software maker’s stock worth $72,107,000 after buying an additional 787,626 shares during the last quarter. Finally, Anson Funds Management LP grew its position in Five9 by 98.5% during the third quarter. Anson Funds Management LP now owns 1,534,272 shares of the software maker’s stock valued at $37,129,000 after buying an additional 761,486 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

About Five9

Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.

Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.