Five9 (NASDAQ:FIVN) Sets New 1-Year Low – Should You Sell?

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

Analyst Ratings Changes

FIVN has been the subject of several recent analyst reports. HSBC raised Five9 to a “buy” rating in a report on Thursday, December 18th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Five9 in a research note on Thursday, December 18th. Wells Fargo & Company dropped their target price on shares of Five9 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Five9 in a report on Monday, December 29th. Finally, DA Davidson set a $24.00 price objective on shares of Five9 in a research note on Thursday, December 18th. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Five9 has an average rating of “Moderate Buy” and an average price target of $32.07.

Five9 Stock Performance

The firm’s fifty day simple moving average is $19.06 and its 200 day simple moving average is $22.05. The company has a market capitalization of $1.31 billion, a PE ratio of 46.53, a price-to-earnings-growth ratio of 0.84 and a beta of 1.32. The company has a debt-to-equity ratio of 0.96, a current ratio of 4.61 and a quick ratio of 4.61.

Five9 declared that its board has authorized a stock repurchase plan on Tuesday, November 11th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the software maker to repurchase up to 3.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, CRO Matthew E. Tuckness sold 5,255 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $20.35, for a total value of $106,939.25. Following the completion of the transaction, the executive owned 176,379 shares of the company’s stock, valued at approximately $3,589,312.65. This represents a 2.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tiffany N. Meriweather sold 6,852 shares of the firm’s 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 $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. The trade was a 3.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 65,339 shares of company stock valued at $1,330,186 in the last three months. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Five9

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIVN. Amundi raised its position in shares of Five9 by 8.3% during the 1st quarter. Amundi now owns 40,291 shares of the software maker’s stock worth $1,017,000 after purchasing an additional 3,079 shares during the last quarter. WCM Investment Management LLC increased its stake in Five9 by 6.6% during the 2nd quarter. WCM Investment Management LLC now owns 558,313 shares of the software maker’s stock worth $14,929,000 after buying an additional 34,402 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Five9 in the second quarter valued at approximately $225,000. FNY Investment Advisers LLC boosted its stake in shares of Five9 by 118.4% in the second quarter. FNY Investment Advisers LLC now owns 4,804 shares of the software maker’s stock worth $127,000 after acquiring an additional 2,604 shares during the last quarter. Finally, Cardinal Point Capital Management ULC raised its stake in Five9 by 72.8% in the 2nd quarter. Cardinal Point Capital Management ULC now owns 35,225 shares of the software maker’s stock valued at $933,000 after purchasing an additional 14,840 shares during 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.