Five9 (NASDAQ:FIVN) Sets New 12-Month Low - Here's What Happened

Five9, Inc. (NASDAQ:FIVN - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $26.50 and last traded at $26.97, with a volume of 72430 shares traded. The stock had previously closed at $27.75.

Analysts Set New Price Targets

A number of research firms have issued reports on FIVN. Barclays lifted their price objective on Five9 from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $65.00 price target on shares of Five9 in a research report on Wednesday, March 19th. Cantor Fitzgerald raised their price objective on Five9 from $46.00 to $57.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Truist Financial reiterated a "buy" rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Finally, Piper Sandler boosted their target price on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $56.76.

Five9 Stock Down 8.9 %

The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -114.99, a PEG ratio of 9.41 and a beta of 1.29. The stock has a fifty day moving average of $35.54 and a two-hundred day moving average of $35.70.

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Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.44). The firm had revenue of $278.66 million during the quarter, compared to analysts' expectations of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. As a group, analysts predict that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other Five9 news, CEO Michael Burkland sold 12,595 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the sale, the chief executive officer now owns 404,056 shares of the company's stock, valued at $14,396,515.28. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Leena Mansharamani sold 1,517 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $50,409.91. Following the completion of the sale, the chief accounting officer now owns 48,300 shares in the company, valued at approximately $1,605,009. This represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,574 shares of company stock worth $1,004,346 in the last three months. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Five9

A number of large investors have recently modified their holdings of FIVN. Moody National Bank Trust Division bought a new position in Five9 during the first quarter worth about $423,000. Wellington Management Group LLP increased its position in shares of Five9 by 50.9% during the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after purchasing an additional 601,348 shares during the last quarter. Menard Financial Group LLC bought a new position in shares of Five9 in the 4th quarter valued at about $206,000. Jefferies Financial Group Inc. acquired a new stake in Five9 in the 4th quarter valued at about $1,048,000. Finally, Sylebra Capital LLC boosted its position in Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock worth $152,228,000 after purchasing an additional 1,396,496 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.