Five9, Inc. (NASDAQ:FIVN) Short Interest Update

Five9, Inc. (NASDAQ:FIVNGet Free Report) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 1,680,000 shares, a decline of 7.7% from the January 31st total of 1,820,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Five9 from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. Barclays lowered their target price on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. Rosenblatt Securities restated a “buy” rating and set a $90.00 target price on shares of Five9 in a report on Monday, November 6th. Truist Financial restated a “buy” rating and set a $100.00 target price on shares of Five9 in a report on Tuesday, December 5th. Finally, KeyCorp decreased their price objective on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $88.36.

Get Our Latest Stock Report on Five9

Five9 Price Performance

NASDAQ FIVN traded down $1.85 during trading on Monday, hitting $60.47. 1,147,986 shares of the company’s stock were exchanged, compared to its average volume of 1,317,779. The company has a current ratio of 5.53, a quick ratio of 5.53 and a debt-to-equity ratio of 1.38. The company has a market cap of $4.43 billion, a PE ratio of -53.64 and a beta of 0.83. Five9 has a fifty-two week low of $51.01 and a fifty-two week high of $92.40. The stock’s 50 day moving average price is $74.35 and its two-hundred day moving average price is $70.79.

Insider Buying and Selling at Five9

In other Five9 news, COO Andy Dignan sold 4,815 shares of Five9 stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $79.12, for a total value of $380,962.80. Following the transaction, the chief operating officer now owns 104,777 shares of the company’s stock, valued at $8,289,956.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC acquired a new position in Five9 during the first quarter worth about $41,000. Arcadia Investment Management Corp MI increased its stake in shares of Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after buying an additional 144 shares during the period. Neo Ivy Capital Management increased its stake in shares of Five9 by 117.6% in the second quarter. Neo Ivy Capital Management now owns 470 shares of the software maker’s stock valued at $42,000 after buying an additional 254 shares during the period. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Five9 by 139.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after buying an additional 279 shares during the period. Finally, Headlands Technologies LLC increased its stake in shares of Five9 by 136.0% in the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after buying an additional 306 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 and internationally. The company offers 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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