Short Interest in Five9, Inc. (NASDAQ:FIVN) Drops By 17.9%

Five9, Inc. (NASDAQ:FIVN - Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 6,560,000 shares, a drop of 17.9% from the March 15th total of 7,990,000 shares. Approximately 8.9% of the shares of the stock are short sold. Based on an average daily volume of 1,760,000 shares, the short-interest ratio is presently 3.7 days.

Five9 Stock Up 1.7 %

Shares of FIVN traded up $0.43 during midday trading on Friday, hitting $25.06. 1,302,169 shares of the company's stock traded hands, compared to its average volume of 1,614,954. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -125.29, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29. Five9 has a 1 year low of $21.04 and a 1 year high of $60.76. The firm's fifty day moving average is $29.41 and its 200-day moving average is $35.02.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $278.66 million during the quarter, compared to analysts' expectations of $267.70 million. As a group, sell-side analysts anticipate that Five9 will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Needham & Company LLC restated a "buy" rating and set a $52.00 target price on shares of Five9 in a research report on Friday, April 4th. Piper Sandler upped their price objective on Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Wells Fargo & Company dropped their target price on Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a report on Tuesday. Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a report on Wednesday, April 2nd. Finally, Morgan Stanley lowered their price target on Five9 from $48.00 to $28.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $51.47.

Insider Activity

In other news, CEO Michael Burkland sold 12,595 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the transaction, the chief executive officer now directly owns 404,056 shares in the company, valued at approximately $14,396,515.28. This represents a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Leena Mansharamani sold 1,517 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $50,409.91. Following the completion of the transaction, the chief accounting officer now directly owns 48,300 shares of the company's stock, valued at approximately $1,605,009. This trade represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,574 shares of company stock worth $1,004,346 over the last 90 days. Corporate insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Five9

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lindbrook Capital LLC lifted its position in 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 acquiring an additional 520 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Five9 during the fourth quarter worth about $36,000. Johnson Financial Group Inc. purchased a new stake in Five9 in the fourth quarter valued at approximately $47,000. Steward Partners Investment Advisory LLC increased its holdings in Five9 by 7,305.6% in the 4th 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 period. Finally, Venturi Wealth Management LLC raised its position 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 worth $107,000 after buying an additional 2,571 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

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.