Jefferies Financial Group Inc. Purchases Shares of 25,799 Five9, Inc. (NASDAQ:FIVN)

Jefferies Financial Group Inc. purchased a new stake in Five9, Inc. (NASDAQ:FIVN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 25,799 shares of the software maker's stock, valued at approximately $1,048,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIVN. G2 Investment Partners Management LLC bought a new position in shares of Five9 during the fourth quarter worth about $3,339,000. Ensign Peak Advisors Inc grew its position in shares of Five9 by 10.5% in the 4th quarter. Ensign Peak Advisors Inc now owns 25,285 shares of the software maker's stock worth $1,028,000 after acquiring an additional 2,400 shares in the last quarter. Diker Management LLC increased its holdings in shares of Five9 by 200.6% in the 4th quarter. Diker Management LLC now owns 119,880 shares of the software maker's stock valued at $4,872,000 after acquiring an additional 80,000 shares during the last quarter. Divisadero Street Capital Management LP acquired a new stake in shares of Five9 during the 4th quarter valued at approximately $4,064,000. Finally, Cetera Investment Advisers lifted its stake in Five9 by 60.1% during the fourth quarter. Cetera Investment Advisers now owns 13,407 shares of the software maker's stock worth $545,000 after purchasing an additional 5,032 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group dropped their target price on Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Royal Bank of Canada upped their price objective on Five9 from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Piper Sandler increased their target price on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Evercore ISI decreased their price target on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Five9 presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.58.

Insiders Place Their Bets

In other news, EVP Panos Kozanian sold 7,619 shares of the 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 approximately $4,220,390.60. This represents a 5.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the sale, the chief executive officer now directly owns 404,056 shares in the company, valued at $14,396,515.28. The trade was a 3.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,574 shares of company stock valued at $1,004,346 in the last quarter. Insiders own 1.60% of the company's stock.

Five9 Stock Down 2.9%

NASDAQ:FIVN traded down $0.82 during trading hours on Monday, reaching $27.23. The company's stock had a trading volume of 814,917 shares, compared to its average volume of 1,663,203. 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 cap of $2.08 billion, a price-to-earnings ratio of -136.14, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23. Five9, Inc. has a one year low of $21.04 and a one year high of $53.90. The business's 50-day moving average is $26.05 and its 200-day moving average is $34.68.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The firm had revenue of $279.71 million during the quarter, compared to analysts' expectations of $272.26 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. The company's revenue was up 13.2% on a year-over-year basis. Equities research analysts predict that Five9, Inc. will post 0.28 EPS for the current year.

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.