Five9 (NASDAQ:FIVN) Hits New 12-Month Low – What’s Next?

Five9, Inc. (NASDAQ:FIVN) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $15.70 and last traded at $16.22, with a volume of 1272500 shares trading hands. The stock had previously closed at $16.59.

Analysts Set New Price Targets

A number of research analysts have issued reports on FIVN shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Five9 in a research note on Monday, December 29th. HSBC upgraded Five9 to a “buy” rating in a report on Thursday, December 18th. Wall Street Zen upgraded shares of Five9 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Morgan Stanley reduced their price objective on shares of Five9 from $30.00 to $26.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Five9 in a report on Thursday, December 18th. Twelve investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.07.

Five9 Stock Performance

The firm has a market cap of $1.30 billion, a P/E ratio of 46.03, a P/E/G ratio of 0.90 and a beta of 1.32. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.61 and a current ratio of 4.61. The business’s 50-day simple moving average is $19.22 and its 200 day simple moving average is $22.17.

Five9 announced that its board has approved a stock repurchase program on Tuesday, November 11th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the software maker to repurchase up to 3.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Five9

In other news, insider Tiffany N. Meriweather sold 6,852 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $20.35, for a total value of $139,438.20. Following the completion of the sale, the insider directly owned 212,126 shares of the company’s stock, valued at $4,316,764.10. This represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bryan M. Lee sold 13,219 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $20.35, for a total transaction of $269,006.65. Following the completion of the transaction, the chief financial officer directly owned 224,269 shares of the company’s stock, valued at $4,563,874.15. This represents a 5.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,339 shares of company stock valued at $1,330,186 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Five9

Institutional investors have recently made changes to their positions in the business. Fox Run Management L.L.C. boosted its holdings in Five9 by 68.7% during the 2nd quarter. Fox Run Management L.L.C. now owns 31,508 shares of the software maker’s stock valued at $834,000 after acquiring an additional 12,826 shares during the period. Rock Creek Group LP bought a new stake in shares of Five9 during the second quarter worth $1,986,000. Campbell & CO Investment Adviser LLC boosted its stake in shares of Five9 by 115.5% during the third quarter. Campbell & CO Investment Adviser LLC now owns 122,688 shares of the software maker’s stock valued at $2,969,000 after purchasing an additional 65,752 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Five9 in the third quarter worth about $2,080,000. Finally, Asset Management One Co. Ltd. bought a new position in shares of Five9 in the second quarter worth about $297,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Company Profile

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.