Short Interest in Five9, Inc. (NASDAQ:FIVN) Increases By 16.0%

Five9, Inc. (NASDAQ:FIVN) was the target of a large growth in short interest in 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 daily volume of 1,350,000 shares, the days-to-cover ratio is presently 2.5 days.

Insider Activity at Five9

In other Five9 news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total value of $420,435.20. Following the transaction, the chief operating officer now owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Five9 by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 7,286,789 shares of the software maker’s stock valued at $573,397,000 after acquiring an additional 50,540 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Five9 by 21.8% during the 4th quarter. Fisher Asset Management LLC now owns 202,987 shares of the software maker’s stock worth $15,973,000 after buying an additional 36,317 shares in the last quarter. Syon Capital LLC bought a new stake in shares of Five9 during the 4th quarter worth $645,000. Eventide Asset Management LLC boosted its stake in Five9 by 1.4% in the fourth quarter. Eventide Asset Management LLC now owns 703,551 shares of the software maker’s stock valued at $55,362,000 after buying an additional 9,498 shares in the last quarter. Finally, Bullseye Asset Management LLC grew its position in Five9 by 22.5% in the fourth quarter. Bullseye Asset Management LLC now owns 71,299 shares of the software maker’s stock valued at $5,610,000 after acquiring an additional 13,099 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Five9 Stock Performance

NASDAQ:FIVN traded down $1.25 during mid-day trading on Friday, reaching $59.54. 732,236 shares of the company’s stock were exchanged, compared to its average volume of 1,247,694. Five9 has a one year low of $51.01 and a one year high of $92.40. 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 business’s fifty day simple moving average is $64.40 and its two-hundred day simple moving average is $69.02. The firm has a market capitalization of $4.40 billion, a PE ratio of -52.69 and a beta of 0.83.

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

Analyst Ratings Changes

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

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.