Five9 (NASDAQ:FIVN) Downgraded by Zacks Research to Hold

Five9 (NASDAQ:FIVN) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other brokerages have also recently weighed in on FIVN. Cantor Fitzgerald lifted their price target on Five9 from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Five9 in a research report on Friday, May 1st. UBS Group raised their price objective on shares of Five9 from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Barclays lifted their target price on shares of Five9 from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $24.00 target price (up from $21.00) on shares of Five9 in a research note on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.93.

Five9 Price Performance

Shares of FIVN stock opened at $27.51 on Thursday. Five9 has a fifty-two week low of $13.29 and a fifty-two week high of $28.86. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.51 and a current ratio of 4.51. The firm has a market capitalization 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 stock’s 50-day simple moving average is $23.23 and its 200-day simple moving average is $19.49.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, April 30th. The software maker reported $0.76 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 firm had revenue of $305.32 million during the quarter, compared to the consensus estimate of $299.92 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts forecast that Five9 will post 1.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Five9 news, CAO Leena Mansharamani sold 2,556 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer directly owned 57,698 shares in the company, valued at $1,431,487.38. This represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Matthew E. Tuckness sold 8,645 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $24.81, for a total transaction of $214,482.45. Following the sale, the executive directly owned 281,492 shares in the company, valued at $6,983,816.52. This represents a 2.98% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 85,820 shares of company stock worth $2,014,057. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five9

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Five9 by 378.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock valued at $26,000 after buying an additional 1,367 shares during the last quarter. Quarry LP purchased a new stake in Five9 during the 3rd quarter worth about $33,000. Optiver Holding B.V. boosted its position in shares of Five9 by 575.9% during 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. Rothschild Investment LLC boosted its position in shares of 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 in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in shares of Five9 in the 1st quarter valued at about $38,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.