Vanguard Group Inc. boosted its stake in Five9, Inc. (NASDAQ:FIVN – Free Report) by 8.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,037,395 shares of the software maker’s stock after purchasing an additional 759,237 shares during the quarter. Vanguard Group Inc. owned about 0.13% of Five9 worth $201,250,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in FIVN. Amundi grew its stake in Five9 by 8.3% in the 1st quarter. Amundi now owns 40,291 shares of the software maker’s stock valued at $1,017,000 after acquiring an additional 3,079 shares during the period. Guggenheim Capital LLC grew its stake in Five9 by 95.7% in the 2nd quarter. Guggenheim Capital LLC now owns 27,826 shares of the software maker’s stock valued at $737,000 after acquiring an additional 13,606 shares during the period. California Public Employees Retirement System grew its stake in Five9 by 39.4% in the 2nd quarter. California Public Employees Retirement System now owns 121,700 shares of the software maker’s stock valued at $3,223,000 after acquiring an additional 34,375 shares during the period. Qube Research & Technologies Ltd grew its stake in Five9 by 52.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 31,182 shares of the software maker’s stock valued at $826,000 after acquiring an additional 10,755 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Five9 by 147.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,137 shares of the software maker’s stock valued at $1,063,000 after acquiring an additional 23,901 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.
Five9 Trading Down 0.5%
Shares of FIVN opened at $22.10 on Friday. Five9, Inc. has a 52-week low of $13.29 and a 52-week high of $30.38. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.89. The firm’s fifty day moving average is $16.42 and its two-hundred day moving average is $18.55. The stock has a market cap of $1.69 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 0.98 and a beta of 1.32.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on FIVN shares. Cantor Fitzgerald lifted their price target on shares of Five9 from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. DA Davidson lifted their price target on shares of Five9 from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Rosenblatt Securities lifted their price target on shares of Five9 from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Piper Sandler reissued a “neutral” rating and issued a $24.00 price target (up from $21.00) on shares of Five9 in a research note on Friday, May 1st. Finally, UBS Group lifted their target price on shares of Five9 from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Five9 currently has an average rating of “Moderate Buy” and an average price target of $26.53.
View Our Latest Report on Five9
Five9 Profile
Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.
Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.
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