Short Interest in Five9, Inc. (NASDAQ:FIVN) Expands By 14.2%

Five9, Inc. (NASDAQ:FIVN) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 6,520,000 shares, a growth of 14.2% from the August 31st total of 5,710,000 shares. Based on an average daily trading volume, of 1,700,000 shares, the days-to-cover ratio is presently 3.8 days.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th. Rosenblatt Securities dropped their price objective on shares of Five9 from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Robert W. Baird lowered shares of Five9 from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $90.00 to $40.00 in a research report on Friday, August 9th. Truist Financial reissued a “buy” rating and set a $65.00 target price on shares of Five9 in a research report on Tuesday, August 27th. Finally, Baird R W cut Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.35.

Insider Activity at Five9

In other Five9 news, CFO Barry Zwarenstein sold 6,207 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $45.01, for a total transaction of $279,377.07. Following the completion of the transaction, the chief financial officer now owns 85,121 shares of the company’s stock, valued at approximately $3,831,296.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the sale, the chief accounting officer now owns 36,872 shares in the company, valued at approximately $1,124,964.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Barry Zwarenstein sold 6,207 shares of Five9 stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total value of $279,377.07. Following the completion of the transaction, the chief financial officer now directly owns 85,121 shares in the company, valued at $3,831,296.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,337 shares of company stock worth $1,491,971. 1.80% of the stock is owned by insiders.

Institutional Trading of Five9

Several large investors have recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in shares of Five9 by 1.4% in the fourth quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock valued at $1,340,000 after acquiring an additional 228 shares during the last quarter. Treasurer of the State of North Carolina raised its position in Five9 by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 31,537 shares of the software maker’s stock valued at $2,482,000 after purchasing an additional 310 shares during the last quarter. Quent Capital LLC raised its position in Five9 by 8.7% in the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after purchasing an additional 352 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Five9 by 8.4% in the fourth quarter. Corient Private Wealth LLC now owns 6,796 shares of the software maker’s stock worth $535,000 after purchasing an additional 527 shares in the last quarter. Finally, RMB Capital Management LLC grew its holdings in shares of Five9 by 1.0% during the fourth quarter. RMB Capital Management LLC now owns 64,763 shares of the software maker’s stock worth $5,096,000 after purchasing an additional 611 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Five9 Price Performance

Shares of FIVN stock opened at $28.73 on Tuesday. The stock’s fifty day simple moving average is $34.13 and its 200 day simple moving average is $45.48. Five9 has a one year low of $26.60 and a one year high of $92.40. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of -33.80 and a beta of 0.86. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15.

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

About Five9

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.