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

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

Several other hedge funds have also modified their holdings of FIVN. PNC Financial Services Group Inc. boosted its position in shares of Five9 by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker's stock worth $156,000 after purchasing an additional 365 shares in the last quarter. Arizona State Retirement System raised its stake in Five9 by 2.0% in the fourth quarter. Arizona State Retirement System now owns 21,694 shares of the software maker's stock valued at $882,000 after buying an additional 424 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after acquiring an additional 520 shares in the last quarter. Xponance Inc. grew its stake in shares of Five9 by 6.1% during the fourth quarter. Xponance Inc. now owns 9,421 shares of the software maker's stock worth $383,000 after acquiring an additional 539 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in shares of Five9 by 1.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker's stock worth $1,325,000 after acquiring an additional 590 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. KeyCorp began coverage on shares of Five9 in a research note on Friday, June 6th. They issued an "overweight" rating and a $35.00 target price for the company. Wells Fargo & Company lowered their price objective on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Mizuho cut their target price on Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Royal Bank Of Canada lifted their price target on Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley cut their price objective on Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.15.

Insider Buying and Selling at Five9

In other news, CAO Leena Mansharamani sold 2,938 shares of Five9 stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $27.83, for a total value of $81,764.54. Following the sale, the chief accounting officer owned 44,901 shares in the company, valued at $1,249,594.83. This trade represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Bryan M. Lee sold 1,798 shares of the business'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 $50,847.44. Following the sale, the chief financial officer directly owned 126,468 shares of the company's stock, valued at $3,576,515.04. This represents a 1.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,866 shares of company stock worth $913,042. 1.60% of the stock is currently owned by corporate insiders.

Five9 Stock Performance

FIVN stock traded up $0.86 during midday trading on Friday, hitting $27.59. 2,294,640 shares of the stock traded hands, compared to its average volume of 1,767,347. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $49.90. 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 stock's fifty day simple moving average is $26.99 and its 200-day simple moving average is $31.80. The firm has a market cap of $2.10 billion, a P/E ratio of -306.52, a PEG ratio of 2.64 and a beta of 1.19.

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

Five9 Company 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.