Five9 (NASDAQ:FIVN) Reaches New 1-Year Low – Time to Sell?

Shares of Five9, Inc. (NASDAQ:FIVN) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $21.30 and last traded at $22.75, with a volume of 1142224 shares traded. The stock had previously closed at $23.00.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley increased their target price on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $65.00 price target on shares of Five9 in a research note on Wednesday, March 19th. Needham & Company LLC reiterated a “buy” rating and set a $52.00 target price on shares of Five9 in a research note on Friday. Cantor Fitzgerald reiterated an “overweight” rating on shares of Five9 in a research note on Wednesday, April 2nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $58.00 price objective on shares of Five9 in a research report on Friday. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.76.

Five9 Stock Performance

The stock has a market cap of $1.72 billion, a P/E ratio of -113.29, a PEG ratio of 9.41 and a beta of 1.29. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a 50-day simple moving average of $34.86 and a 200-day simple moving average of $35.72.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The firm had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. Research analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Activity

In other news, COO Andy Dignan sold 2,840 shares of Five9 stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $94,373.20. Following the completion of the transaction, the chief operating officer now directly owns 194,201 shares of the company’s stock, valued at approximately $6,453,299.23. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the sale, the chief accounting officer now owns 47,165 shares of the company’s stock, valued at approximately $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,574 shares of company stock valued at $1,004,346. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC raised its position in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after purchasing an additional 520 shares during the period. Banque Transatlantique SA bought a new position in shares of Five9 in the fourth quarter valued at approximately $36,000. Johnson Financial Group Inc. purchased a new position in shares of Five9 in the 4th quarter worth about $47,000. Steward Partners Investment Advisory LLC boosted its stake in Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after purchasing an additional 2,571 shares during the period. 96.64% of the stock is owned by institutional investors.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.