Five9 (NASDAQ:FIVN) Sets New 12-Month High – Time to Buy?

Five9, Inc. (NASDAQ:FIVN) hit a new 52-week high during trading on Thursday . The company traded as high as $28.25 and last traded at $28.5070, with a volume of 21468 shares trading hands. The stock had previously closed at $27.17.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of Five9 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. DA Davidson lifted their price target on Five9 from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Five9 in a research report on Friday, May 1st. UBS Group lifted their target price on shares of Five9 from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Five9 in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.93.

Five9 Stock Performance

The stock has a market cap of $2.12 billion, a PE ratio of 42.12, a P/E/G ratio of 1.20 and a beta of 1.46. The company has a fifty day moving average price of $23.02 and a 200 day moving average price of $19.38. 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 earnings results on Thursday, April 30th. The software maker reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Five9 had a return on equity of 12.66% and a net margin of 4.87%.The company had revenue of $305.32 million during the quarter, compared to analysts’ expectations of $299.92 million. During the same period in the prior year, the business posted $0.62 EPS. Five9’s quarterly revenue was up 9.2% compared to the same quarter last year. Analysts expect that Five9, Inc. will post 1.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Panos Kozanian sold 5,869 shares of the company’s stock in a transaction 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 directly owned 161,671 shares in the company, valued at $4,011,057.51. This represents a 3.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Bryan M. Lee sold 16,620 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $24.81, for a total transaction of $412,342.20. Following the completion of the transaction, the chief financial officer owned 311,462 shares in the company, valued at $7,727,372.22. The trade was a 5.07% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last ninety days, insiders sold 85,820 shares of company stock worth $2,014,057. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Five9

Hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi lifted its stake in shares of Five9 by 8.3% in the 1st quarter. Amundi now owns 40,291 shares of the software maker’s stock valued at $1,017,000 after purchasing an additional 3,079 shares during the period. Guggenheim Capital LLC lifted its position in Five9 by 95.7% during the 2nd quarter. Guggenheim Capital LLC now owns 27,826 shares of the software maker’s stock valued at $737,000 after acquiring an additional 13,606 shares during the period. California Public Employees Retirement System boosted its stake in Five9 by 39.4% during the second quarter. California Public Employees Retirement System now owns 121,700 shares of the software maker’s stock worth $3,223,000 after acquiring an additional 34,375 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in Five9 by 52.7% during the second quarter. Qube Research & Technologies Ltd now owns 31,182 shares of the software maker’s stock worth $826,000 after acquiring an additional 10,755 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Five9 by 147.2% in the second quarter. The Manufacturers Life Insurance Company now owns 40,137 shares of the software maker’s stock worth $1,063,000 after purchasing an additional 23,901 shares during the period. 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.