Five9 (NASDAQ:FIVN) Stock Rating Lowered by Baird R W

Baird R W downgraded shares of Five9 (NASDAQ:FIVN) from a strong-buy rating to a hold rating in a report published on Friday, Zacks.com reports.

FIVN has been the subject of several other research reports. Truist Financial decreased their target price on Five9 from $100.00 to $65.00 and set a buy rating for the company in a research report on Friday. Robert W. Baird cut Five9 from an outperform rating to a neutral rating and lowered their target price for the company from $90.00 to $40.00 in a research note on Friday. Bank of America upgraded Five9 from an underperform rating to a buy rating and set a $63.00 target price on the stock in a report on Monday, August 5th. Needham & Company LLC restated a buy rating and set a $90.00 price target on shares of Five9 in a report on Thursday, June 6th. Finally, UBS Group lowered their price objective on shares of Five9 from $90.00 to $81.00 and set a buy rating on the stock in a research report on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $65.82.

Five9 Trading Up 3.7 %

Five9 stock opened at $32.36 on Friday. Five9 has a 52 week low of $28.75 and a 52 week high of $92.40. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of -38.07 and a beta of 0.82. The company has a 50 day moving average price of $42.66 and a 200 day moving average price of $54.95.

Insider Transactions at Five9

In related news, EVP Panos Kozanian sold 6,893 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $319,145.90. Following the transaction, the executive vice president now directly owns 94,477 shares of the company’s stock, valued at approximately $4,374,285.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Five9 news, COO Andy Dignan sold 5,731 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $265,345.30. Following the completion of the sale, the chief operating officer now directly owns 124,172 shares in the company, valued at $5,749,163.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Panos Kozanian sold 6,893 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total value of $319,145.90. Following the completion of the sale, the executive vice president now directly owns 94,477 shares in the company, valued at $4,374,285.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,385 shares of company stock worth $2,418,755. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Five9

Several hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its holdings in shares of Five9 by 289.6% during the second quarter. Hsbc Holdings PLC now owns 109,807 shares of the software maker’s stock worth $4,806,000 after buying an additional 81,626 shares during the last quarter. First Washington CORP increased its position in Five9 by 74.6% during the second quarter. First Washington CORP now owns 51,944 shares of the software maker’s stock worth $2,291,000 after acquiring an additional 22,194 shares during the period. Edgestream Partners L.P. raised its stake in Five9 by 1,442.6% during the 2nd quarter. Edgestream Partners L.P. now owns 65,543 shares of the software maker’s stock valued at $2,890,000 after purchasing an additional 61,294 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Five9 by 24.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 363,558 shares of the software maker’s stock valued at $16,031,000 after purchasing an additional 72,204 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Five9 by 38.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock valued at $64,257,000 after purchasing an additional 406,188 shares during the period. Institutional investors own 96.64% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.