Key Points
- Insider sale: Tiffany Meriweather sold 6,852 shares at an average of $20.35 for about $139,438, trimming her stake by 3.13% to 212,126 shares (≈$4.32M).
- Share buyback authorized: Five9's board approved a $50 million repurchase plan (up to ~3.2% of shares), a move typically signaling the board views the stock as undervalued.
- Analyst outlook: The consensus is a "Moderate Buy" with an average price target of $35.19 versus the recent share price around $20.65, implying notable upside potential.
Five9, Inc. (NASDAQ:FIVN - Get Free Report) President Andy Dignan sold 700 shares of the business's stock in a transaction on Friday, December 5th. The stock was sold at an average price of $20.53, for a total transaction of $14,371.00. Following the completion of the sale, the president owned 207,813 shares of the company's stock, valued at $4,266,400.89. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Andy Dignan also recently made the following trade(s):
- On Thursday, December 4th, Andy Dignan sold 7,512 shares of Five9 stock. The stock was sold at an average price of $20.28, for a total transaction of $152,343.36.
- On Monday, November 3rd, Andy Dignan sold 700 shares of Five9 stock. The shares were sold at an average price of $24.35, for a total transaction of $17,045.00.
- On Wednesday, October 1st, Andy Dignan sold 700 shares of Five9 stock. The shares were sold at an average price of $23.97, for a total transaction of $16,779.00.
Five9 Price Performance
Five9 stock opened at $20.65 on Friday. Five9, Inc. has a 1 year low of $17.71 and a 1 year high of $49.90. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $1.62 billion, a P/E ratio of 57.36, a PEG ratio of 1.29 and a beta of 1.35. The business has a 50-day moving average of $21.53 and a 200-day moving average of $24.95.
Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. The company had revenue of $283.27 million for the quarter. Five9 had a net margin of 2.77% and a return on equity of 10.59%. On average, equities analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.
Five9 announced that its Board of Directors has approved a share buyback program on Tuesday, November 11th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the software maker to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.
Wall Street Analyst Weigh In
FIVN has been the topic of several analyst reports. Piper Sandler cut their price target on shares of Five9 from $31.00 to $26.00 and set an "overweight" rating on the stock in a research report on Friday, November 7th. Barclays cut their price target on shares of Five9 from $33.00 to $29.00 and set an "overweight" rating for the company in a research note on Friday, November 7th. Cantor Fitzgerald lowered their price objective on shares of Five9 from $36.00 to $32.00 and set an "overweight" rating on the stock in a research note on Friday, November 7th. Weiss Ratings reissued a "sell (d+)" rating on shares of Five9 in a research report on Monday. Finally, Wall Street Zen raised Five9 from a "buy" rating to a "strong-buy" rating in a report on Saturday. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $35.19.
Read Our Latest Stock Report on Five9
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in FIVN. Global Retirement Partners LLC grew its position in Five9 by 81.7% during the third quarter. Global Retirement Partners LLC now owns 1,228 shares of the software maker's stock worth $30,000 after buying an additional 552 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in Five9 during the second quarter worth about $32,000. Quarry LP bought a new position in Five9 in the 3rd quarter valued at about $33,000. Advisory Services Network LLC acquired a new position in shares of Five9 in the 3rd quarter valued at approximately $38,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Five9 during the 3rd quarter worth approximately $45,000. 96.64% of the stock is owned by institutional investors.
About Five9
(
Get Free Report)
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.
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