Five9, Inc. (NASDAQ:FIVN) Shares Acquired by Values First Advisors Inc.

Values First Advisors Inc. lifted its position in shares of Five9, Inc. (NASDAQ:FIVN) by 18.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,054 shares of the software maker’s stock after acquiring an additional 1,259 shares during the quarter. Values First Advisors Inc.’s holdings in Five9 were worth $634,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in Five9 during the first quarter worth about $41,000. Neo Ivy Capital Management grew its position in Five9 by 117.6% during the second quarter. Neo Ivy Capital Management now owns 470 shares of the software maker’s stock worth $42,000 after buying an additional 254 shares during the period. Advisors Asset Management Inc. grew its position in Five9 by 74.4% during the third quarter. Advisors Asset Management Inc. now owns 668 shares of the software maker’s stock worth $43,000 after buying an additional 285 shares during the period. Quarry LP acquired a new position in Five9 during the first quarter worth about $43,000. Finally, State of Wyoming grew its position in Five9 by 28.9% during the fourth quarter. State of Wyoming now owns 1,793 shares of the software maker’s stock worth $122,000 after buying an additional 402 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FIVN. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Five9 in a research report on Thursday, February 22nd. Truist Financial reissued a “buy” rating and set a $100.00 price objective on shares of Five9 in a research note on Tuesday, December 5th. Wells Fargo & Company reduced their price objective on shares of Five9 from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Five9 from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Finally, Barclays reduced their price objective on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Five9 has a consensus rating of “Moderate Buy” and an average target price of $87.80.

Five9 Stock Performance

FIVN traded down $0.19 during trading hours on Friday, reaching $62.11. 981,687 shares of the stock traded hands, compared to its average volume of 1,413,076. The firm’s fifty day simple moving average is $68.08 and its two-hundred day simple moving average is $69.39. Five9, Inc. has a fifty-two week low of $51.01 and a fifty-two week high of $92.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.53 and a quick ratio of 5.53.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.14. The business had revenue of $239.06 million during the quarter, compared to analyst estimates of $237.64 million. Five9 had a negative net margin of 8.98% and a negative return on equity of 12.51%. As a group, equities research analysts anticipate that Five9, Inc. will post -0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Five9 news, COO Andy Dignan sold 7,340 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction of $420,435.20. Following the completion of the transaction, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at approximately $7,421,139.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is owned by company insiders.

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.