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

Zacks Research cut shares of Five9 (NASDAQ:FIVN) from a strong-buy rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

A number of other equities analysts have also weighed in on the stock. Barclays lifted their price target on shares of Five9 from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Jefferies Financial Group restated a “hold” rating on shares of Five9 in a report on Friday, May 1st. Piper Sandler reissued 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. Weiss Ratings upgraded Five9 from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 19th. Finally, DA Davidson increased their target price on Five9 from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.93.

Five9 Price Performance

Shares of NASDAQ:FIVN opened at $27.51 on Thursday. The company has a market cap of $2.11 billion, a P/E ratio of 41.68, a P/E/G ratio of 1.22 and a beta of 1.46. The business has a fifty day simple moving average of $23.23 and a 200-day simple moving average of $19.49. Five9 has a 52 week low of $13.29 and a 52 week high of $28.86. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.89.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, April 30th. The software maker reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $305.32 million for the quarter, compared to analyst estimates of $299.92 million. Five9 had a return on equity of 12.66% and a net margin of 4.87%.The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.62 EPS. Equities research analysts forecast that Five9 will post 1.39 EPS for the current year.

Insider Buying and Selling

In other news, EVP Panos Kozanian sold 5,869 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $24.81, for a total transaction of $145,609.89. Following the completion of the sale, the executive vice president owned 161,671 shares of the company’s stock, valued at approximately $4,011,057.51. This trade represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 on Thursday, June 4th. The shares were sold at an average price of $24.81, for a total transaction of $214,482.45. Following the transaction, the executive owned 281,492 shares in the company, valued at $6,983,816.52. This trade represents a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 85,820 shares of company stock worth $2,014,057 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Five9

Several institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its position in Five9 by 378.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock valued at $26,000 after purchasing an additional 1,367 shares during the period. Quarry LP bought a new position in Five9 in the 3rd quarter worth approximately $33,000. Optiver Holding B.V. raised its stake in Five9 by 575.9% during the 1st quarter. Optiver Holding B.V. now owns 2,325 shares of the software maker’s stock valued at $35,000 after acquiring an additional 1,981 shares in the last quarter. Rothschild Investment LLC increased its holdings in shares of Five9 by 3,572.0% during the fourth quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker’s stock valued at $37,000 after purchasing an additional 1,786 shares during the period. Finally, NewEdge Advisors LLC bought a new position in Five9 in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

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.