Ameritas Advisory Services LLC Increases Holdings in Five9, Inc. (NASDAQ:FIVN)

Ameritas Advisory Services LLC boosted its stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 116.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,811 shares of the software maker's stock after buying an additional 12,806 shares during the period. Ameritas Advisory Services LLC's holdings in Five9 were worth $650,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FIVN. Lindbrook Capital LLC grew its stake in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after buying an additional 520 shares during the period. Banque Transatlantique SA acquired a new position in Five9 in the fourth quarter valued at approximately $36,000. Johnson Financial Group Inc. acquired a new position in Five9 in the fourth quarter valued at approximately $47,000. Steward Partners Investment Advisory LLC grew 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 acquiring an additional 1,315 shares during the period. Finally, Conquis Financial LLC acquired a new stake in Five9 during the fourth quarter worth $122,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $26.73 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.02 and a quick ratio of 2.02. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -296.97, a price-to-earnings-growth ratio of 2.54 and a beta of 1.19. The stock's 50-day moving average is $26.88 and its two-hundred day moving average is $32.07. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.14. Five9 had a negative net margin of 0.48% and a positive return on equity of 6.06%. The firm had revenue of $279.71 million for the quarter, compared to analyst estimates of $272.26 million. During the same period in the prior year, the firm earned $0.48 earnings per share. The business's quarterly revenue was up 13.2% compared to the same quarter last year. Analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Insider Transactions at Five9

In other news, EVP Panos Kozanian sold 3,816 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total transaction of $107,916.48. Following the sale, the executive vice president owned 123,218 shares of the company's stock, valued at approximately $3,484,605.04. This trade represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Leena Mansharamani sold 2,938 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $27.83, for a total value of $81,764.54. Following the completion of the transaction, the chief accounting officer directly owned 44,901 shares of the company's stock, valued at $1,249,594.83. This trade represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,166 shares of company stock valued at $894,534 over the last ninety days. Company insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FIVN. Evercore ISI decreased their price target on Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC decreased their target price on shares of Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. UBS Group lowered their target price on shares of Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Rosenblatt Securities reiterated a "buy" rating and set a $36.00 price target on shares of Five9 in a research report on Tuesday, May 13th. Finally, Mizuho decreased their price objective on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, Five9 currently has an average rating of "Moderate Buy" and a consensus target price of $43.15.

Five9 Profile

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.

Want to see what other hedge funds are holding FIVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five9, Inc. (NASDAQ:FIVN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.