Five9, Inc. (NASDAQ:FIVN) Sees Significant Growth in Short Interest

Five9, Inc. (NASDAQ:FIVN) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 7,610,000 shares, an increase of 16.7% from the September 15th total of 6,520,000 shares. Based on an average trading volume of 1,760,000 shares, the short-interest ratio is presently 4.3 days.

Five9 Stock Performance

NASDAQ:FIVN traded down $0.54 during midday trading on Wednesday, reaching $29.87. The stock had a trading volume of 1,534,447 shares, compared to its average volume of 1,457,404. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39. The stock has a market cap of $2.21 billion, a P/E ratio of -35.14 and a beta of 0.85. The firm has a fifty day simple moving average of $30.63 and a two-hundred day simple moving average of $42.73. Five9 has a 12-month low of $26.60 and a 12-month high of $92.40.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.14. The business had revenue of $252.09 million for the quarter, compared to the consensus estimate of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. On average, equities analysts expect that Five9 will post -0.09 EPS for the current year.

Insider Activity

In other news, CAO Leena Mansharamani sold 1,395 shares of Five9 stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total value of $42,561.45. Following the completion of the transaction, the chief accounting officer now owns 36,872 shares in the company, valued at approximately $1,124,964.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, COO Andy Dignan sold 4,245 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total transaction of $128,453.70. Following the completion of the transaction, the chief operating officer now owns 119,927 shares in the company, valued at approximately $3,628,991.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total value of $42,561.45. Following the completion of the transaction, the chief accounting officer now directly owns 36,872 shares in the company, valued at $1,124,964.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,130 shares of company stock worth $1,212,594. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Several hedge funds have recently modified their holdings of the business. Syon Capital LLC acquired a new stake in shares of Five9 in the fourth quarter valued at about $645,000. Fisher Asset Management LLC boosted its stake in shares of Five9 by 21.8% during the 4th quarter. Fisher Asset Management LLC now owns 202,987 shares of the software maker’s stock worth $15,973,000 after acquiring an additional 36,317 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Five9 by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,286,789 shares of the software maker’s stock worth $573,397,000 after acquiring an additional 50,540 shares during the period. Mirador Capital Partners LP increased its stake in Five9 by 6.2% in the 1st quarter. Mirador Capital Partners LP now owns 17,564 shares of the software maker’s stock valued at $1,091,000 after purchasing an additional 1,031 shares in the last quarter. Finally, Wasatch Advisors LP raised its holdings in Five9 by 1.9% during the first quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker’s stock worth $214,875,000 after purchasing an additional 63,200 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley dropped their price objective on Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday. Northland Securities cut their price objective on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Barclays lowered their target price on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $47.00 target price on shares of Five9 in a research report on Wednesday, August 21st. Finally, Truist Financial reissued a “buy” rating and issued a $65.00 price target on shares of Five9 in a research report on Tuesday, August 27th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.59.

About Five9

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.