Five9, Inc. (NASDAQ:FIVN - Get Free Report) EVP Panos Kozanian sold 3,816 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total transaction of $107,916.48. Following the completion of the sale, the executive vice president now directly owns 123,218 shares of the company's stock, valued at approximately $3,484,605.04. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Five9 Stock Up 1.4%
FIVN stock traded up $0.41 during midday trading on Monday, reaching $29.56. 1,849,885 shares of the company were exchanged, compared to its average volume of 1,695,499. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $49.90. The stock's 50-day simple moving average is $25.42 and its 200 day simple moving average is $33.76. The company has a market cap of $2.25 billion, a price-to-earnings ratio of -147.79, a price-to-earnings-growth ratio of 9.41 and a beta of 1.20.
Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings data 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 1.23% and a positive return on equity of 3.62%. The company had revenue of $279.71 million for the quarter, compared to analysts' expectations of $272.26 million. During the same quarter last year, the company earned $0.48 earnings per share. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms have issued reports on FIVN. Mizuho lowered their price objective on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Jefferies Financial Group lowered their price target on shares of Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Rosenblatt Securities reiterated a "buy" rating and set a $36.00 price objective on shares of Five9 in a research note on Tuesday, May 13th. Barclays reduced their price objective on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, UBS Group cut their price target on shares of Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.15.
Read Our Latest Research Report on Five9
Institutional Trading of Five9
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sylebra Capital LLC raised its holdings in Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock worth $152,228,000 after purchasing an additional 1,396,496 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Five9 by 14.8% during the first quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker's stock worth $74,649,000 after purchasing an additional 353,939 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Five9 by 292.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker's stock worth $72,745,000 after purchasing an additional 1,996,628 shares in the last quarter. Van Berkom & Associates Inc. raised its holdings in Five9 by 14.2% during the first quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker's stock worth $58,122,000 after purchasing an additional 266,484 shares in the last quarter. Finally, Armistice Capital LLC increased its holdings in shares of Five9 by 6.5% in the 1st quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker's stock valued at $56,961,000 after acquiring an additional 127,793 shares during the period. Institutional investors and hedge funds own 96.64% of the company's stock.
About Five9
(
Get Free Report)
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.
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