Five9, Inc. (NASDAQ:FIVN) Sees Large Increase in Short Interest

Five9, Inc. (NASDAQ:FIVN) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 6,850,000 shares, a growth of 21.0% from the February 13th total of 5,660,000 shares. Based on an average daily volume of 1,480,000 shares, the short-interest ratio is currently 4.6 days. Currently, 9.3% of the shares of the company are short sold.

Five9 Price Performance

Shares of Five9 stock opened at $30.21 on Thursday. The firm has a market cap of $2.29 billion, a PE ratio of -151.04, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. Five9 has a 12-month low of $26.60 and a 12-month high of $63.79. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company’s fifty day simple moving average is $37.61 and its two-hundred day simple moving average is $35.77.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The company had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. As a group, equities analysts expect that Five9 will post 0.28 EPS for the current year.

Insider Transactions at Five9

In related news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the sale, the executive vice president now directly owns 126,359 shares of the company’s stock, valued at $4,220,390.60. This trade represents a 5.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,874 shares of company stock worth $985,446. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its position in Five9 by 10.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker’s stock valued at $156,000 after acquiring an additional 365 shares during the period. Arizona State Retirement System raised its holdings in Five9 by 2.0% in the fourth quarter. Arizona State Retirement System now owns 21,694 shares of the software maker’s stock worth $882,000 after buying an additional 424 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after buying an additional 520 shares during the last quarter. Xponance Inc. raised its holdings in Five9 by 6.1% in the fourth quarter. Xponance Inc. now owns 9,421 shares of the software maker’s stock worth $383,000 after buying an additional 539 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Five9 by 1.8% in the fourth quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker’s stock worth $1,325,000 after buying an additional 590 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald boosted their price target on shares of Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Morgan Stanley upped their target price on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 target price on shares of Five9 in a report on Monday. Rosenblatt Securities reissued a “buy” rating and issued a $58.00 price target on shares of Five9 in a report on Thursday. Finally, Truist Financial reissued a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Five9 has a consensus rating of “Moderate Buy” and a consensus target price of $56.76.

Five9 Company Profile

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