Five9 (NASDAQ:FIVN) Hits New 1-Year Low – Here’s What Happened

Five9, Inc. (NASDAQ:FIVN) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $15.70 and last traded at $16.22, with a volume of 1272500 shares. The stock had previously closed at $16.59.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FIVN shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Five9 in a research report on Monday, December 29th. 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 note on Friday, November 7th. Cantor Fitzgerald cut their price target on shares of Five9 from $36.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Five9 in a report on Thursday, December 18th. Finally, Piper Sandler cut shares of Five9 from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $26.00 to $21.00 in a research note on Monday, January 5th. Twelve analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Five9 presently has an average rating of “Moderate Buy” and a consensus target price of $32.07.

Five9 Price Performance

The firm has a market capitalization of $1.30 billion, a P/E ratio of 46.03, a PEG ratio of 0.90 and a beta of 1.32. The business’s 50-day simple moving average is $19.22 and its 200 day simple moving average is $22.17. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.96.

Five9 announced that its Board of Directors has initiated a share repurchase program on Tuesday, November 11th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the software maker to buy up to 3.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, insider Tiffany N. Meriweather sold 6,852 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $20.35, for a total transaction of $139,438.20. Following the completion of the sale, the insider directly owned 212,126 shares in the company, valued at approximately $4,316,764.10. This represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Panos Kozanian sold 10,858 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $20.42, for a total value of $221,720.36. Following the transaction, the executive vice president owned 94,457 shares in the company, valued at approximately $1,928,811.94. This represents a 10.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 65,339 shares of company stock valued at $1,330,186. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FIVN. EntryPoint Capital LLC purchased a new stake in shares of Five9 in the 4th quarter worth about $513,000. Federated Hermes Inc. increased its position in shares of Five9 by 13.1% during the fourth quarter. Federated Hermes Inc. now owns 954,686 shares of the software maker’s stock valued at $19,141,000 after buying an additional 110,927 shares during the period. Campbell & CO Investment Adviser LLC raised its stake in Five9 by 4.4% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 128,041 shares of the software maker’s stock worth $2,567,000 after buying an additional 5,353 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in Five9 by 1.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 914,868 shares of the software maker’s stock worth $18,343,000 after buying an additional 17,473 shares during the period. Finally, Picton Mahoney Asset Management boosted its position in Five9 by 690.5% during the 4th quarter. Picton Mahoney Asset Management now owns 162,772 shares of the software maker’s stock valued at $3,264,000 after acquiring an additional 142,182 shares in the last quarter. 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.