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

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Five9 (FIVN) shares dropped to a new 52-week low of $15.68 on Friday, trading below its 50- and 200-day moving averages despite narrowly beating Q4 earnings and revenue estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $27.12, although several have recently lowered their price objectives. Institutional investors have also adjusted their positions in the cloud-based contact center software provider.

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