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

Five9, Inc. (NASDAQ:FIVN) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 6,850,000 shares, a growth of 21.0% from the February 13th total of 5,660,000 shares. Currently, 9.3% of the shares of the company are short sold. Based on an average trading volume of 1,480,000 shares, the short-interest ratio is currently 4.6 days.

Five9 Price Performance

Five9 stock traded up $0.33 during mid-day trading on Wednesday, reaching $30.21. The company had a trading volume of 1,452,280 shares, compared to its average volume of 1,526,369. Five9 has a 1 year low of $26.60 and a 1 year high of $63.79. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $2.29 billion, a P/E ratio of -151.04, a P/E/G ratio of 9.41 and a beta of 1.01. The stock’s 50-day simple moving average is $37.79 and its 200-day simple moving average is $35.81.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) 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 analysts’ expectations of $267.70 million. On average, equities analysts predict that Five9 will post 0.28 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on FIVN shares. Needham & Company LLC restated a “buy” rating and issued a $52.00 price objective on shares of Five9 in a research note on Monday. Rosenblatt Securities increased their target price on shares of Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $65.00 target price on shares of Five9 in a research note on Wednesday. Cantor Fitzgerald increased their target price on shares of Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Piper Sandler increased 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. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.76.

Insider Buying and Selling at Five9

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the transaction, the executive vice president now owns 126,359 shares in the company, valued at $4,220,390.60. This represents a 5.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the transaction, the chief executive officer now owns 404,056 shares of the company’s stock, valued at $14,396,515.28. This represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,874 shares of company stock worth $985,446 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FIVN. Norges Bank purchased a new position in shares of Five9 during the 4th quarter worth approximately $81,280,000. Ameriprise Financial Inc. increased its stake in shares of Five9 by 353.3% during the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock worth $97,356,000 after purchasing an additional 1,867,137 shares in the last quarter. 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 in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Five9 during the 4th quarter worth approximately $51,061,000. Finally, Wellington Management Group LLP increased its stake in shares of Five9 by 50.9% during the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock worth $72,496,000 after purchasing an additional 601,348 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.