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

Jefferies Financial Group Inc. bought a new stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 25,799 shares of the software maker's stock, valued at approximately $1,048,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FIVN. Lindbrook Capital LLC boosted its stake in Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after buying an additional 520 shares during the period. Banque Transatlantique SA purchased a new stake in shares of Five9 in the fourth quarter valued at $36,000. Johnson Financial Group Inc. bought a new stake in shares of Five9 in the 4th quarter worth about $47,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after purchasing an additional 1,315 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in 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 purchasing an additional 2,571 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company's stock.

Analyst Upgrades and Downgrades

FIVN has been the subject of several analyst reports. Morgan Stanley decreased their price objective on shares of Five9 from $48.00 to $28.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. UBS Group decreased their price target on Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Mizuho reduced their target price on Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company lowered their target price 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. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.58.

Insider Buying and Selling

In other news, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction on Tuesday, March 11th. The shares were 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 approximately $1,424,383. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total transaction 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. This trade represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,574 shares of company stock worth $1,004,346 in the last three months. Corporate insiders own 1.60% of the company's stock.

Five9 Stock Down 2.0%

NASDAQ:FIVN traded down $0.55 during midday trading on Friday, reaching $26.45. 2,176,861 shares of the stock traded hands, compared to its average volume of 1,696,214. The stock has a market capitalization of $2.02 billion, a PE ratio of -132.24, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23. Five9, Inc. has a 12-month low of $21.04 and a 12-month high of $49.90. 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 business has a 50-day moving average of $25.43 and a two-hundred day moving average of $34.13.

Five9 (NASDAQ:FIVN - Get Free Report) last issued 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. 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 analyst estimates of $272.26 million. During the same quarter in the prior year, the business posted $0.48 EPS. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current fiscal 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.