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

Five9, Inc. (NASDAQ:FIVN) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,340,000 shares, a growth of 16.0% from the March 15th total of 2,880,000 shares. Based on an average trading volume of 1,350,000 shares, the days-to-cover ratio is presently 2.5 days.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Five9 in a report on Thursday, February 22nd. Wells Fargo & Company lowered their target price on Five9 from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Piper Sandler lifted their target price on Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, January 12th. Royal Bank of Canada initiated coverage on shares of Five9 in a research note on Friday, March 15th. They issued an “outperform” rating and a $80.00 price target on the stock. Finally, Barclays dropped their price objective on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.80.

Five9 Price Performance

NASDAQ FIVN traded down $0.07 on Tuesday, hitting $56.74. 734,405 shares of the company’s stock were exchanged, compared to its average volume of 1,324,553. The stock has a 50-day moving average of $63.73 and a 200-day moving average of $68.95. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of -50.21 and a beta of 0.83. Five9 has a 52 week low of $51.01 and a 52 week high of $92.40. The company has a current ratio of 5.53, a quick ratio of 5.53 and a debt-to-equity ratio of 1.38.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. The company had revenue of $239.06 million during the quarter, compared to analysts’ expectations of $237.64 million. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. Analysts expect that Five9 will post -0.42 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Andy Dignan sold 7,340 shares of the 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 transaction, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Five9

A number of hedge funds have recently made changes to their positions in FIVN. Arcadia Investment Management Corp MI increased its position in Five9 by 46.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after purchasing an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its stake in shares of Five9 by 139.5% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after buying an additional 279 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Five9 during the first quarter worth $41,000. Headlands Technologies LLC lifted its stake in shares of Five9 by 136.0% in the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after acquiring an additional 306 shares during the last quarter. Finally, Neo Ivy Capital Management boosted its holdings in shares of Five9 by 117.6% during the 2nd quarter. Neo Ivy Capital Management now owns 470 shares of the software maker’s stock valued at $42,000 after acquiring an additional 254 shares in 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 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.