Five9 (NASDAQ:FIVN) Cut to Buy at Wall Street Zen

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

Several other equities analysts have also recently weighed in on FIVN. Barclays decreased their price target on shares of Five9 from $29.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Five9 in a research report on Thursday, December 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of Five9 in a research report on Monday, December 29th. DA Davidson set a $24.00 price objective on shares of Five9 in a research note on Thursday, December 18th. Finally, Wells Fargo & Company lowered their target price on Five9 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Five9 presently has an average rating of “Moderate Buy” and a consensus target price of $32.07.

Five9 Price Performance

FIVN stock opened at $16.33 on Friday. The stock has a 50-day moving average price of $18.87 and a two-hundred day moving average price of $21.85. The stock has a market cap of $1.28 billion, a PE ratio of 45.36, a price-to-earnings-growth ratio of 0.85 and a beta of 1.32. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.96. Five9 has a 1 year low of $15.70 and a 1 year high of $49.90.

Five9 announced that its board has initiated a share buyback plan on Tuesday, November 11th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the software maker to buy up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other Five9 news, insider Tiffany N. Meriweather sold 6,852 shares of the firm’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 $139,438.20. Following the transaction, the insider owned 212,126 shares in the company, valued at $4,316,764.10. This trade represents a 3.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Panos Kozanian sold 10,858 shares of Five9 stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $20.42, for a total value of $221,720.36. Following the completion of the transaction, the executive vice president directly owned 94,457 shares of the company’s stock, valued at $1,928,811.94. This represents a 10.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 65,339 shares of company stock worth $1,330,186. Insiders own 1.60% of the company’s stock.

Institutional Trading of Five9

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Five9 by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 10,037,395 shares of the software maker’s stock worth $201,250,000 after purchasing an additional 759,237 shares during the period. Voss Capital LP raised its position in shares of Five9 by 40.0% in the 3rd quarter. Voss Capital LP now owns 4,550,000 shares of the software maker’s stock valued at $110,110,000 after buying an additional 1,300,000 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of Five9 by 28.0% during the 4th quarter. Van Berkom & Associates Inc. now owns 3,596,380 shares of the software maker’s stock worth $72,107,000 after acquiring an additional 787,626 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Five9 by 10.3% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,320,745 shares of the software maker’s stock worth $56,162,000 after acquiring an additional 217,227 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Five9 by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,996,382 shares of the software maker’s stock worth $40,034,000 after acquiring an additional 37,261 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

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.