Five9 (NASDAQ:FIVN) Sets New 52-Week High – Time to Buy?

Five9, Inc. (NASDAQ:FIVN)’s share price reached a new 52-week high on Wednesday . The company traded as high as $30.21 and last traded at $29.79, with a volume of 3226264 shares changing hands. The stock had previously closed at $28.95.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FIVN. DA Davidson set a $22.00 target price on Five9 in a research report on Monday. Zacks Research cut Five9 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Five9 from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 19th. Barclays increased their price objective on Five9 from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Truist Financial set a $23.00 target price on Five9 in a research note on Wednesday, July 1st. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.93.

Five9 Price Performance

The business’s 50 day moving average is $23.49 and its two-hundred day moving average is $19.64. The firm has a market capitalization of $2.28 billion, a PE ratio of 45.14 and a beta of 1.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.51 and a quick ratio of 4.51.

Insider Transactions at Five9

In other news, President Andy Dignan sold 8,203 shares of Five9 stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $24.76, for a total transaction of $203,106.28. Following the completion of the sale, the president directly owned 278,760 shares of the company’s stock, valued at approximately $6,902,097.60. The trade was a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 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 $214,482.45. Following the completion of the transaction, the executive owned 281,492 shares of the company’s stock, valued at $6,983,816.52. This trade represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 85,820 shares of company stock worth $2,014,057. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Five9

A number of large investors have recently added to or reduced their stakes in FIVN. Tactive Advisors LLC bought a new position in shares of Five9 during the 2nd quarter valued at about $232,000. Pacer Advisors Inc. raised its holdings in shares of Five9 by 71.0% during the 1st quarter. Pacer Advisors Inc. now owns 403,644 shares of the software maker’s stock valued at $6,123,000 after buying an additional 167,574 shares in the last quarter. Militia Capital Management LLC bought a new stake in Five9 in the 1st quarter worth approximately $2,123,000. NewEdge Advisors LLC bought a new stake in Five9 in the 1st quarter worth approximately $38,000. Finally, Optiver Holding B.V. boosted its stake in Five9 by 575.9% in the first quarter. Optiver Holding B.V. now owns 2,325 shares of the software maker’s stock worth $35,000 after buying an additional 1,981 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

About Five9

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.