Short Interest in Five9, Inc. (NASDAQ:FIVN) Rises By 14.2%

Five9, Inc. (NASDAQ:FIVN) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 6,520,000 shares, a growth of 14.2% from the August 31st total of 5,710,000 shares. Based on an average daily trading volume, of 1,700,000 shares, the days-to-cover ratio is currently 3.8 days.

Analyst Ratings Changes

Several research analysts have weighed in on FIVN shares. Truist Financial restated a “buy” rating and set a $65.00 price target on shares of Five9 in a report on Tuesday, August 27th. Morgan Stanley lowered their price objective on Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, June 14th. Needham & Company LLC restated a “buy” rating and issued a $48.00 target price on shares of Five9 in a report on Wednesday, August 21st. Northland Securities dropped their price target on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, BTIG Research decreased their price objective on shares of Five9 from $100.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and sixteen have assigned 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 an average target price of $63.35.

Insiders Place Their Bets

In other news, EVP Panos Kozanian sold 7,617 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the completion of the transaction, the executive vice president now owns 76,628 shares in the company, valued at approximately $2,300,372.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Five9 news, EVP Panos Kozanian sold 7,617 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the completion of the sale, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at $2,300,372.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Barry Zwarenstein sold 4,408 shares of Five9 stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the transaction, the chief financial officer now directly owns 101,732 shares in the company, valued at $2,743,712.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,337 shares of company stock worth $1,491,971. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five9

Several large investors have recently bought and sold shares of the company. US Bancorp DE lifted its stake in Five9 by 1.4% in the fourth quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock valued at $1,340,000 after buying an additional 228 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Five9 by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 31,537 shares of the software maker’s stock valued at $2,482,000 after purchasing an additional 310 shares during the period. Quent Capital LLC boosted its position in shares of Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after buying an additional 352 shares during the period. Corient Private Wealth LLC boosted its position in shares of Five9 by 8.4% during the fourth quarter. Corient Private Wealth LLC now owns 6,796 shares of the software maker’s stock worth $535,000 after buying an additional 527 shares during the period. Finally, RMB Capital Management LLC raised its position in Five9 by 1.0% in the 4th quarter. RMB Capital Management LLC now owns 64,763 shares of the software maker’s stock valued at $5,096,000 after buying an additional 611 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Five9 Stock Up 1.6 %

Shares of NASDAQ:FIVN opened at $28.76 on Friday. Five9 has a 12 month low of $26.60 and a 12 month high of $92.40. The firm has a market cap of $2.12 billion, a P/E ratio of -33.83 and a beta of 0.86. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39. The company’s 50-day moving average price is $34.13 and its two-hundred day moving average price is $45.69.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The company had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $244.54 million. As a group, research analysts forecast that Five9 will post -0.09 EPS for the current fiscal year.

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.