Divisadero Street Capital Management LP Takes Position in Five9, Inc. (NASDAQ:FIVN)

Divisadero Street Capital Management LP bought a new position in shares of Five9, Inc. (NASDAQ:FIVN) during the fourth quarter, Holdings Channel.com reports. The fund bought 100,000 shares of the software maker’s stock, valued at approximately $4,064,000.

A number of other institutional investors have also made changes to their positions in the business. Lindbrook Capital LLC increased its holdings in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares during the last quarter. Banque Transatlantique SA acquired a new position in Five9 in the 4th quarter valued at about $36,000. Johnson Financial Group Inc. bought a new position in Five9 in the 4th quarter valued at about $47,000. Steward Partners Investment Advisory LLC lifted its position in Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of 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. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Trading Down 1.6 %

Shares of Five9 stock opened at $24.84 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9, Inc. has a 52 week low of $21.04 and a 52 week high of $57.33. The stock has a 50 day moving average price of $26.96 and a two-hundred day moving average price of $34.80. The stock has a market capitalization of $1.89 billion, a PE ratio of -124.19, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. During the same quarter in the previous year, the business earned $0.48 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Five9

In related news, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the sale, the executive vice president now owns 126,359 shares of the company’s stock, valued at approximately $4,220,390.60. This represents a 5.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the sale, the chief executive officer now directly owns 404,056 shares in the company, valued at approximately $14,396,515.28. The trade was a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,574 shares of company stock worth $1,004,346 over the last three months. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on FIVN shares. Wells Fargo & Company reduced their price target on Five9 from $45.00 to $23.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Five9 in a report on Wednesday, April 2nd. Royal Bank of Canada raised their price objective on Five9 from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Piper Sandler boosted their target price on shares of Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Five9 in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.58.

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.