Five9 (NASDAQ:FIVN) Hits New 12-Month High – Time to Buy?

Shares of Five9, Inc. (NASDAQ:FIVN) hit a new 52-week high during trading on Thursday . The company traded as high as $28.25 and last traded at $28.5070, with a volume of 21468 shares trading hands. The stock had previously closed at $27.17.

Wall Street Analysts Forecast Growth

FIVN has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Five9 in a research note on Friday, May 1st. DA Davidson lifted their target price on shares of Five9 from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Zacks Research raised shares of Five9 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. Barclays boosted their target price on shares of Five9 from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Cantor Fitzgerald upped their price target on shares of Five9 from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.93.

Five9 Trading Down 0.5%

The company has a market cap of $2.11 billion, a price-to-earnings ratio of 41.68, a PEG ratio of 1.22 and a beta of 1.46. The firm has a 50 day moving average price of $23.23 and a two-hundred day moving average price of $19.49. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.89.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, April 30th. The software maker reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. Five9 had a return on equity of 12.66% and a net margin of 4.87%.The company had revenue of $305.32 million during the quarter, compared to the consensus estimate of $299.92 million. During the same period last year, the company earned $0.62 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts forecast that Five9, Inc. will post 1.39 earnings per share for the current year.

Insider Buying and Selling at Five9

In other Five9 news, CRO Matthew E. Tuckness sold 8,645 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $24.81, for a total transaction of $214,482.45. Following the completion of the transaction, the executive owned 281,492 shares in the company, valued at approximately $6,983,816.52. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Leena Mansharamani sold 2,556 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $24.81, for a total transaction of $63,414.36. Following the completion of the transaction, the chief accounting officer owned 57,698 shares in the company, valued at $1,431,487.38. This trade represents a 4.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 85,820 shares of company stock worth $2,014,057. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Five9

A number of hedge funds have recently bought and sold shares of FIVN. Quarry LP acquired a new position in Five9 in the third quarter valued at $33,000. Advisory Services Network LLC bought a new stake in Five9 during the third quarter valued at $38,000. EverSource Wealth Advisors LLC grew its holdings in Five9 by 378.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock worth $26,000 after acquiring an additional 1,367 shares during the period. Rothschild Investment LLC grew its holdings in Five9 by 3,572.0% during the 4th quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker’s stock worth $37,000 after acquiring an additional 1,786 shares during the period. Finally, Optiver Holding B.V. raised its position in shares of Five9 by 575.9% in the 1st quarter. Optiver Holding B.V. now owns 2,325 shares of the software maker’s stock worth $35,000 after acquiring an additional 1,981 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

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.