International Assets Investment Management LLC Purchases Shares of 21,404 Five9, Inc. (NASDAQ:FIVN)

International Assets Investment Management LLC bought a new stake in Five9, Inc. (NASDAQ:FIVN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,404 shares of the software maker's stock, valued at approximately $1,684,000.

Other institutional investors also recently made changes to their positions in the company. TD Asset Management Inc raised its stake in Five9 by 2.4% in the 3rd quarter. TD Asset Management Inc now owns 51,604 shares of the software maker's stock valued at $3,318,000 after purchasing an additional 1,200 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Five9 by 8.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 352,904 shares of the software maker's stock valued at $22,692,000 after buying an additional 27,329 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Five9 by 15.7% during the third quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker's stock valued at $214,000 after buying an additional 452 shares during the period. Knights of Columbus Asset Advisors LLC boosted its position in Five9 by 14.1% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 35,824 shares of the software maker's stock worth $2,303,000 after acquiring an additional 4,439 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. purchased a new stake in Five9 in the 3rd quarter worth approximately $423,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Five9 Stock Down 0.4 %

Shares of FIVN traded down $0.19 during mid-day trading on Tuesday, reaching $53.26. 1,258,549 shares of the stock traded hands, compared to its average volume of 1,315,408. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of -62.88 and a beta of 0.85. The stock has a fifty day simple moving average of $59.13 and a 200 day simple moving average of $68.33. The company has a quick ratio of 7.02, a current ratio of 7.02 and a debt-to-equity ratio of 2.41. Five9, Inc. has a 12-month low of $51.01 and a 12-month high of $92.40.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.14. The firm had revenue of $239.06 million for the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. Sell-side analysts expect that Five9, Inc. will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling at Five9

In other news, COO Andy Dignan sold 7,340 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total value of $420,435.20. Following the sale, the chief operating officer now owns 129,559 shares in the company, valued at approximately $7,421,139.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on FIVN. Rosenblatt Securities reissued a "buy" rating and set a $80.00 price target on shares of Five9 in a research note on Friday, May 3rd. Canaccord Genuity Group decreased their price target on Five9 from $90.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday, April 22nd. UBS Group dropped their price objective on shares of Five9 from $90.00 to $81.00 and set a "buy" rating for the company in a research note on Friday, May 3rd. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of Five9 in a research report on Friday, May 3rd. Finally, Wells Fargo & Company dropped their price target on shares of Five9 from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, May 3rd. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.88.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.