StockNews.com Lowers Five9 (NASDAQ:FIVN) to Sell

StockNews.com lowered shares of Five9 (NASDAQ:FIVN) from a hold rating to a sell rating in a research report report published on Wednesday morning.

Several other analysts have also weighed in on FIVN. Wells Fargo & Company lowered their target price on Five9 from $85.00 to $80.00 and set an overweight rating on the stock in a report on Monday, June 10th. Piper Sandler cut their target price on shares of Five9 from $86.00 to $58.00 and set an overweight rating for the company in a research report on Wednesday, July 10th. Canaccord Genuity Group reduced their price target on shares of Five9 from $90.00 to $75.00 and set a buy rating on the stock in a report on Monday, April 22nd. Barclays dropped their price objective on shares of Five9 from $95.00 to $75.00 and set an overweight rating for the company in a research note on Thursday, July 25th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $90.00 target price on shares of Five9 in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $79.29.

Five9 Price Performance

Five9 stock opened at $40.77 on Wednesday. The company has a market cap of $3.01 billion, a P/E ratio of -47.96 and a beta of 0.82. Five9 has a one year low of $39.07 and a one year high of $92.40. The business has a fifty day moving average of $43.55 and a two-hundred day moving average of $56.58. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.13. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The company had revenue of $247.01 million for the quarter, compared to analyst estimates of $239.72 million. As a group, analysts predict that Five9 will post -0.3 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Leena Mansharamani sold 1,542 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.27, for a total transaction of $71,348.34. Following the sale, the chief accounting officer now directly owns 38,267 shares of the company’s stock, valued at $1,770,614.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Barry Zwarenstein sold 6,207 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total value of $279,377.07. Following the completion of the sale, the chief financial officer now owns 85,121 shares of the company’s stock, valued at $3,831,296.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Leena Mansharamani sold 1,542 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.27, for a total value of $71,348.34. Following the transaction, the chief accounting officer now directly owns 38,267 shares in the company, valued at $1,770,614.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,748 shares of company stock worth $2,303,914. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

A number of large investors have recently made changes to their positions in FIVN. Vanguard Group Inc. lifted its position in Five9 by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock worth $461,948,000 after buying an additional 150,786 shares in the last quarter. Wasatch Advisors LP boosted its position in Five9 by 1.9% during the first quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker’s stock valued at $214,875,000 after purchasing an additional 63,200 shares during the last quarter. Sylebra Capital LLC grew its stake in Five9 by 1.5% in the first quarter. Sylebra Capital LLC now owns 2,347,108 shares of the software maker’s stock valued at $145,779,000 after purchasing an additional 34,681 shares in the last quarter. Eagle Asset Management Inc. increased its position in Five9 by 0.8% in the 4th quarter. Eagle Asset Management Inc. now owns 1,035,554 shares of the software maker’s stock worth $81,488,000 after purchasing an additional 8,231 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Five9 during the 4th quarter worth about $79,035,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

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.