Jefferies Financial Group Inc. Purchases New Shares in Five9, Inc. (NASDAQ:FIVN)

Jefferies Financial Group Inc. acquired a new position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,799 shares of the software maker's stock, valued at approximately $1,048,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its stake in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after purchasing an additional 520 shares during the last quarter. Banque Transatlantique SA bought a new position in Five9 during the fourth quarter valued at $36,000. Johnson Financial Group Inc. purchased a new stake in Five9 in the fourth quarter worth $47,000. Steward Partners Investment Advisory LLC increased its position in Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after buying an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Five9 by 3,955.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock valued at $107,000 after buying an additional 2,571 shares during the last quarter. Institutional investors own 96.64% of the company's stock.

Wall Street Analysts Forecast Growth

FIVN has been the topic of a number of research reports. Needham & Company LLC lowered their price objective on Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Morgan Stanley dropped their price target on shares of Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Mizuho cut their price objective on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Cantor Fitzgerald reissued an "overweight" rating on shares of Five9 in a report on Wednesday, April 2nd. Finally, Barclays cut their price target on Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.58.

Insiders Place Their Bets

In related news, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. This represents a 2.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the sale, the executive vice president now owns 126,359 shares of the company's stock, valued at approximately $4,220,390.60. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,574 shares of company stock valued at $1,004,346. 1.60% of the stock is currently owned by corporate insiders.

Five9 Price Performance

FIVN traded down $0.46 during trading on Wednesday, reaching $26.28. The stock had a trading volume of 362,854 shares, compared to its average volume of 1,663,511. The business has a 50-day moving average of $25.98 and a 200-day moving average of $34.60. Five9, Inc. has a one year low of $21.04 and a one year high of $53.62. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $2.00 billion, a PE ratio of -131.08, a PEG ratio of 9.41 and a beta of 1.23.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.48 by $0.14. The firm had revenue of $279.71 million for the quarter, compared to analyst estimates of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The company's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 EPS. As a group, equities research analysts anticipate that Five9, Inc. will post 0.28 EPS for the current fiscal 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.