As of Thursday, Five9 Inc.’s (NASDAQ:FIVN) stock closed at $77.59, down from $79.69 the previous day. While Five9 Inc. has underperformed by -2.64%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FIVN fell by -54.64%, with highs and lows ranging from $172.87 to $79.41, whereas the simple moving average fell by -28.68% in the last 200 days.
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On September 22, 2022, MoffettNathanson started tracking Five9 Inc. (NASDAQ: FIVN) recommending Hold. A report published by KeyBanc Capital Markets on September 13, 2022, Initiated its previous ‘Overweight’ rating for FIVN. Deutsche Bank also rated FIVN shares as ‘Hold’, setting a target price of $120 on the company’s shares in an initiating report dated August 15, 2022. MKM Partners Initiated an Buy rating on August 04, 2022, and assigned a price target of $135. ROTH Capital initiated its ‘Buy’ rating for FIVN, as published in its report on May 18, 2022. Wells Fargo’s report from February 24, 2022 suggests a price prediction of $160 for FIVN shares, giving the stock a ‘Overweight’ rating. Truist also rated the stock as ‘Buy’.
Analysis of Five9 Inc. (FIVN)
Further, the quarter-over-quarter increase in sales is 31.70%, showing a positive trend in the upcoming months.
One of the most important indicators of Five9 Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -38.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.50, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and FIVN is recording 906.40K average volume. On a monthly basis, the volatility of the stock is set at 4.02%, whereas on a weekly basis, it is put at 3.72%, with a loss of -9.12% over the past seven days. Furthermore, long-term investors anticipate a median target price of $137.24, showing growth from the present price of $77.59, which can serve as yet another indication of whether FIVN is worth investing in or should be passed over.
How Do You Analyze Five9 Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.00%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in FIVN shares?
The recent increase in stakes in FIVN appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in FIVN has increased by 3.54% in the first quarter. The company now owns 6,369,552 shares of the stock, with a value of $624.92 million, following the purchase of 217,482 additional shares during the last quarter. Wellington Management Co. LLP made another increased to its shares in FIVN during the first quarter, upping its stake by 18.69%. During the last quarter, the company picked up 705,607 additional shares for a total stake of worth $439.61 million, bringing number of shares owned by the company to 4,480,809.
During the first quarter, Wasatch Advisors, Inc. added a 1,180,177 position in FIVN. BlackRock Fund Advisors purchased an additional 1815.0 shares in the last quarter, increasing its holdings by 0.07%, now holding 2.76 million shares worth $271.21 million. At the end of the first quarter, Pictet Asset Management SA decreased its FIVN holdings by -16.76% and now holds 2.26 million FIVN shares valued at $221.69 million with the lessened -0.45 million shares during the period.