Five9, Inc. (NASDAQ:FIVN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Five9, Inc. (NASDAQ:FIVN) have been assigned an average recommendation of “Moderate Buy” from the nineteen brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $32.9333.

Several equities research analysts have commented on FIVN shares. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Five9 in a research report on Thursday, December 18th. Cantor Fitzgerald decreased their price objective 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. Wells Fargo & Company dropped their target price on shares of Five9 from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. HSBC upgraded shares of Five9 to a “buy” rating in a research report on Thursday, December 18th. Finally, Wall Street Zen cut Five9 from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 20th.

Five9 Trading Down 0.3%

Shares of Five9 stock opened at $19.94 on Tuesday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 55.39, a price-to-earnings-growth ratio of 1.24 and a beta of 1.35. Five9 has a 52-week low of $17.71 and a 52-week high of $49.90. The company’s 50-day simple moving average is $20.95 and its 200-day simple moving average is $24.14. 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 (NASDAQ:FIVN) last announced its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%.The company had revenue of $283.27 million for the quarter. As a group, equities research analysts anticipate that Five9 will post 0.28 earnings per share for the current year.

Five9 declared that its board has initiated a stock repurchase program on Tuesday, November 11th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the software maker to reacquire up to 3.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, CFO Bryan M. Lee sold 13,219 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $20.35, for a total value of $269,006.65. Following the sale, the chief financial officer directly owned 224,269 shares in the company, valued at $4,563,874.15. This represents a 5.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Burkland sold 17,992 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $20.35, for a total transaction of $366,137.20. Following the transaction, the chief executive officer directly owned 349,570 shares of the company’s stock, valued at approximately $7,113,749.50. This trade represents a 4.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 66,739 shares of company stock worth $1,364,010. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Five9

A number of institutional investors and hedge funds have recently bought and sold shares of FIVN. Nisa Investment Advisors LLC increased its position in Five9 by 36.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,630 shares of the software maker’s stock worth $39,000 after buying an additional 435 shares in the last quarter. State of Wyoming boosted its stake in shares of Five9 by 11.5% during the first quarter. State of Wyoming now owns 5,260 shares of the software maker’s stock valued at $143,000 after acquiring an additional 543 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Five9 by 0.8% during the second quarter. California State Teachers Retirement System now owns 69,189 shares of the software maker’s stock valued at $1,832,000 after acquiring an additional 549 shares during the last quarter. Global Retirement Partners LLC increased its position in Five9 by 81.7% during the 3rd quarter. Global Retirement Partners LLC now owns 1,228 shares of the software maker’s stock worth $30,000 after purchasing an additional 552 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Five9 by 3.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 18,685 shares of the software maker’s stock valued at $495,000 after purchasing an additional 583 shares during the last quarter. Hedge funds and other institutional investors 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.