Five9 (NASDAQ:FIVN) Rating Lowered to Buy at Wall Street Zen

Five9 (NASDAQ:FIVN) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

Several other brokerages also recently issued reports on FIVN. HSBC upgraded Five9 to a “buy” rating in a report on Thursday, December 18th. Wells Fargo & Company lowered 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. Zacks Research lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of Five9 in a report on Monday, December 29th. Finally, Barclays decreased their price objective on shares of Five9 from $29.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.07.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $16.75 on Friday. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 46.53, a PEG ratio of 0.85 and a beta of 1.32. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.61 and a current ratio of 4.61. Five9 has a fifty-two week low of $15.70 and a fifty-two week high of $49.90. The firm’s 50-day simple moving average is $19.06 and its 200 day simple moving average is $22.00.

Five9 announced that its Board of Directors has initiated a stock buyback program on Tuesday, November 11th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the software maker to buy up to 3.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, President Andy Dignan sold 7,512 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $20.28, for a total transaction of $152,343.36. Following the transaction, the president owned 208,513 shares of the company’s stock, valued at $4,228,643.64. This represents a 3.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Burkland sold 17,992 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $20.35, for a total value of $366,137.20. Following the transaction, the chief executive officer owned 349,570 shares of the company’s stock, valued at $7,113,749.50. The trade was a 4.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 65,339 shares of company stock valued at $1,330,186 in the last quarter. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five9

Several institutional investors have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. lifted its position in shares of Five9 by 68.7% during the second quarter. Fox Run Management L.L.C. now owns 31,508 shares of the software maker’s stock worth $834,000 after acquiring an additional 12,826 shares in the last quarter. Rock Creek Group LP bought a new stake in shares of Five9 during the 2nd quarter valued at $1,986,000. Campbell & CO Investment Adviser LLC lifted its holdings in Five9 by 115.5% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 122,688 shares of the software maker’s stock worth $2,969,000 after purchasing an additional 65,752 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Five9 in the 3rd quarter worth about $2,080,000. Finally, Asset Management One Co. Ltd. purchased a new position in Five9 during the 2nd quarter valued at about $297,000. 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.