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

Five9, Inc. (NASDAQ:FIVN) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,340,000 shares, a growth of 16.0% from the March 15th total of 2,880,000 shares. Based on an average trading volume of 1,350,000 shares, the days-to-cover ratio is currently 2.5 days.

Insider Activity

In related news, COO Andy Dignan sold 7,340 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total transaction of $420,435.20. Following the transaction, the chief operating officer now directly owns 129,559 shares in the company, valued at $7,421,139.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

A number of hedge funds have recently modified their holdings of FIVN. Arcadia Investment Management Corp MI grew its stake in Five9 by 46.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after acquiring an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. boosted its position in Five9 by 139.5% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after purchasing an additional 279 shares during the period. Lazard Asset Management LLC bought a new position in shares of Five9 in the first quarter valued at approximately $41,000. Headlands Technologies LLC raised its position in shares of Five9 by 136.0% in the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after purchasing an additional 306 shares during the period. Finally, Neo Ivy Capital Management lifted its position in Five9 by 117.6% during the 2nd quarter. Neo Ivy Capital Management now owns 470 shares of the software maker’s stock worth $42,000 after acquiring an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FIVN shares. Piper Sandler lifted their target price on Five9 from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. KeyCorp lowered their target price on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Barclays dropped their price target on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Wells Fargo & Company decreased their price objective on shares of Five9 from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Finally, Royal Bank of Canada started coverage on Five9 in a report on Friday, March 15th. They set an “outperform” rating and a $80.00 target price on the stock. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.80.

Five9 Trading Down 0.1 %

FIVN traded down $0.07 during trading on Tuesday, reaching $56.74. The company had a trading volume of 734,405 shares, compared to its average volume of 1,324,553. The firm’s 50-day simple moving average is $63.73 and its 200 day simple moving average is $68.95. The company has a debt-to-equity ratio of 1.38, a quick ratio of 5.53 and a current ratio of 5.53. The company has a market cap of $4.19 billion, a price-to-earnings ratio of -50.21 and a beta of 0.83. Five9 has a 12-month low of $51.01 and a 12-month high of $92.40.

Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.14. The business had revenue of $239.06 million for the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative net margin of 8.98% and a negative return on equity of 12.51%. Equities research analysts anticipate that Five9 will post -0.42 earnings per share for the current year.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.