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

Five9, Inc. (NASDAQ:FIVN) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 6,560,000 shares, a drop of 17.9% from the March 15th total of 7,990,000 shares. Currently, 8.9% of the company’s shares are sold short. Based on an average daily trading volume, of 1,760,000 shares, the short-interest ratio is presently 3.7 days.

Five9 Stock Down 3.3 %

FIVN stock traded down $0.73 during midday trading on Monday, hitting $21.59. The company’s stock had a trading volume of 1,262,814 shares, compared to its average volume of 1,605,485. The company’s fifty day moving average price is $30.84 and its 200 day moving average price is $35.28. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9 has a twelve month low of $21.04 and a twelve month high of $60.81. The stock has a market capitalization of $1.64 billion, a P/E ratio of -107.94, a PEG ratio of 9.41 and a beta of 1.29.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The company had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. As a group, equities research analysts predict that Five9 will post 0.28 EPS for the current year.

Insider Buying and Selling at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,517 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $50,409.91. Following the transaction, the chief accounting officer now directly owns 48,300 shares in the company, valued at approximately $1,605,009. This represents a 3.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction that occurred on Monday, March 3rd. The stock was 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 of the company’s stock, valued at approximately $14,396,515.28. This represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,574 shares of company stock worth $1,004,346. Insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Large investors have recently added to or reduced their stakes in the company. Sylebra Capital LLC increased its stake in shares of Five9 by 59.4% during the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after purchasing an additional 1,396,496 shares during the last quarter. Ameriprise Financial Inc. increased its position in Five9 by 353.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock worth $97,356,000 after buying an additional 1,867,137 shares during the last quarter. Norges Bank bought a new stake in Five9 in the fourth quarter valued at approximately $81,280,000. Wellington Management Group LLP lifted its position in shares of Five9 by 50.9% in the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after buying an additional 601,348 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Five9 by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 1,317,450 shares of the software maker’s stock worth $53,558,000 after acquiring an additional 105,265 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

FIVN has been the topic of several recent research reports. Mizuho reduced their price target on Five9 from $55.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 price target on shares of Five9 in a research note on Friday, April 4th. Piper Sandler boosted their price objective on shares of Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $65.00 target price on shares of Five9 in a report on Wednesday, March 19th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $58.00 price target on shares of Five9 in a report on Friday, April 4th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Five9 has a consensus rating of “Moderate Buy” and an average price target of $54.94.

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.