Five9, Inc. (NASDAQ:FIVN) Short Interest Down 6.8% in March

Five9, Inc. (NASDAQ:FIVNGet Free Report) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 2,880,000 shares, a drop of 6.8% from the February 29th total of 3,090,000 shares. Based on an average trading volume of 1,280,000 shares, the days-to-cover ratio is presently 2.3 days.

Five9 Stock Down 0.8 %

FIVN stock traded down $0.47 during trading on Tuesday, reaching $60.88. 557,903 shares of the company were exchanged, compared to its average volume of 1,320,832. Five9 has a 52-week low of $51.01 and a 52-week high of $92.40. The company has a quick ratio of 5.53, a current ratio of 5.53 and a debt-to-equity ratio of 1.38. The stock’s 50 day moving average price is $67.41 and its 200 day moving average price is $69.34.

Five9 (NASDAQ:FIVNGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.14. The business had revenue of $239.06 million for the quarter, compared to the consensus estimate 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 forecast that Five9 will post -0.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FIVN. KeyCorp cut their price objective on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Royal Bank of Canada started coverage on Five9 in a research report on Friday, March 15th. They set an “outperform” rating and a $80.00 target price on the stock. Piper Sandler raised their price objective on Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, January 12th. Barclays lowered their target price on Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Finally, Wells Fargo & Company reduced their price target on Five9 from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.80.

Read Our Latest Stock Report on Five9

Insider Buying and Selling

In other news, COO Andy Dignan sold 7,340 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the sale, 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 legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Five9

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Five9 by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 7,286,789 shares of the software maker’s stock worth $573,397,000 after purchasing an additional 50,540 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Five9 by 21.8% in the 4th quarter. Fisher Asset Management LLC now owns 202,987 shares of the software maker’s stock worth $15,973,000 after buying an additional 36,317 shares during the last quarter. Syon Capital LLC bought a new position in shares of Five9 in the 4th quarter worth about $645,000. Eventide Asset Management LLC lifted its position in shares of Five9 by 1.4% in the 4th quarter. Eventide Asset Management LLC now owns 703,551 shares of the software maker’s stock worth $55,362,000 after buying an additional 9,498 shares during the last quarter. Finally, Bullseye Asset Management LLC lifted its position in shares of Five9 by 22.5% in the 4th quarter. Bullseye Asset Management LLC now owns 71,299 shares of the software maker’s stock worth $5,610,000 after buying an additional 13,099 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Company Profile

(Get Free Report)

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.

Further Reading

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