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

Five9, Inc. (NASDAQ:FIVN) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 6,520,000 shares, an increase 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.

Five9 Trading Down 0.1 %

Five9 stock opened at $28.73 on Tuesday. Five9 has a 52 week low of $26.60 and a 52 week high of $92.40. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -33.80 and a beta of 0.86. The company has a 50 day moving average price of $34.13 and a 200 day moving average price of $45.48.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 6.59% and a negative net margin of 5.44%. Research analysts forecast that Five9 will post -0.09 EPS for the current year.

Insider Transactions at Five9

In related news, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the sale, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction 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 approximately $2,743,712.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Panos Kozanian sold 7,617 shares of Five9 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 owns 76,628 shares in the company, valued at $2,300,372.56. 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 currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FIVN. Vanguard Group Inc. increased its stake in shares of Five9 by 2.1% in the first quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock worth $461,948,000 after acquiring an additional 150,786 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of Five9 by 1.9% during the 1st 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 in the last quarter. Sylebra Capital LLC lifted its holdings in shares of Five9 by 28.4% during the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after buying an additional 666,681 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Five9 by 38.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock worth $64,257,000 after buying an additional 406,188 shares during the last quarter. Finally, Van Berkom & Associates Inc. raised its position in Five9 by 52.3% during the second quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock valued at $57,307,000 after acquiring an additional 446,151 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FIVN. Northland Securities reduced their price target on Five9 from $95.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Baird R W lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Wells Fargo & Company dropped their price target on shares of Five9 from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Robert W. Baird cut shares of Five9 from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $90.00 to $40.00 in a report on Friday, August 9th. Finally, BTIG Research lowered their price objective on shares of Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.35.

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.