Five9, Inc. (NASDAQ:FIVN – Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 7,610,000 shares, an increase of 16.7% from the September 15th total of 6,520,000 shares. Based on an average trading volume of 1,760,000 shares, the short-interest ratio is presently 4.3 days.
Five9 Stock Performance
NASDAQ:FIVN traded down $0.54 during midday trading on Wednesday, reaching $29.87. The stock had a trading volume of 1,534,447 shares, compared to its average volume of 1,457,404. 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 stock has a market cap of $2.21 billion, a P/E ratio of -35.14 and a beta of 0.85. The firm has a fifty day simple moving average of $30.63 and a two-hundred day simple moving average of $42.73. Five9 has a 12-month low of $26.60 and a 12-month high of $92.40.
Five9 (NASDAQ:FIVN – Get Free Report) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.14. The business had revenue of $252.09 million for the quarter, compared to the consensus estimate of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. On average, equities analysts expect that Five9 will post -0.09 EPS for the current year.
Insider Activity
Institutional Trading of Five9
Several hedge funds have recently modified their holdings of the business. Syon Capital LLC acquired a new stake in shares of Five9 in the fourth quarter valued at about $645,000. Fisher Asset Management LLC boosted its stake in shares of Five9 by 21.8% during the 4th quarter. Fisher Asset Management LLC now owns 202,987 shares of the software maker’s stock worth $15,973,000 after acquiring an additional 36,317 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Five9 by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,286,789 shares of the software maker’s stock worth $573,397,000 after acquiring an additional 50,540 shares during the period. Mirador Capital Partners LP increased its stake in Five9 by 6.2% in the 1st quarter. Mirador Capital Partners LP now owns 17,564 shares of the software maker’s stock valued at $1,091,000 after purchasing an additional 1,031 shares in the last quarter. Finally, Wasatch Advisors LP raised its holdings in Five9 by 1.9% during the first quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker’s stock worth $214,875,000 after purchasing an additional 63,200 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Morgan Stanley dropped their price objective on Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday. Northland Securities cut their price objective on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Barclays lowered their target price on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $47.00 target price on shares of Five9 in a research report on Wednesday, August 21st. Finally, Truist Financial reissued a “buy” rating and issued a $65.00 price target on shares of Five9 in a research report on Tuesday, August 27th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.59.
Check Out Our Latest Research Report on Five9
About Five9
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.
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