Five9, Inc. (NASDAQ:FIVN) Short Interest Update

Five9, Inc. (NASDAQ:FIVN) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 6,850,000 shares, an increase of 21.0% from the February 13th total of 5,660,000 shares. Approximately 9.3% of the shares of the stock are short sold. Based on an average daily volume of 1,480,000 shares, the short-interest ratio is currently 4.6 days.

Insider Transactions at Five9

In related news, CEO Michael Burkland sold 12,595 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total transaction of $448,759.85. Following the sale, the chief executive officer now owns 404,056 shares in the company, valued at approximately $14,396,515.28. This trade represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Leena Mansharamani sold 1,517 shares of Five9 stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $50,409.91. Following the completion of the transaction, the chief accounting officer now owns 48,300 shares in the company, valued at approximately $1,605,009. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,874 shares of company stock valued at $985,446 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

Institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC raised its stake in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Five9 in the 4th quarter valued at about $36,000. Johnson Financial Group Inc. acquired a new stake in shares of Five9 in the 4th quarter valued at about $47,000. Steward Partners Investment Advisory LLC raised its stake in shares of Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after acquiring an additional 2,571 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FIVN. Royal Bank of Canada reiterated an “outperform” rating and issued a $65.00 price target on shares of Five9 in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price target on shares of Five9 in a report on Monday. Truist Financial reiterated a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Rosenblatt Securities raised their target price on shares of Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Morgan Stanley raised their target price on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $56.76.

Five9 Stock Up 1.1 %

Five9 stock traded up $0.33 during midday trading on Wednesday, hitting $30.21. 1,452,280 shares of the stock were exchanged, compared to its average volume of 1,526,369. Five9 has a 1 year low of $26.60 and a 1 year high of $63.79. The firm has a market cap of $2.29 billion, a P/E ratio of -151.04, a P/E/G ratio of 9.41 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The company has a 50 day moving average price of $37.79 and a two-hundred day moving average price of $35.81.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). The company had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. On average, sell-side analysts predict that Five9 will post 0.28 earnings per share for the current fiscal year.

Five9 Company Profile

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.