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 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.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FIVN. BTIG Research dropped their price objective on Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Robert W. Baird lowered shares of Five9 from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $90.00 to $40.00 in a research report on Friday, August 9th. Bank of America upgraded shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Monday, August 5th. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Baird R W cut shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.59.

Insider Buying and Selling

In other news, CFO Barry Zwarenstein sold 4,408 shares of the stock in a transaction that occurred 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Five9 news, EVP Panos Kozanian sold 7,617 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total transaction of $228,662.34. Following the sale, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at $2,300,372.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the sale, the chief financial officer now owns 101,732 shares in the company, valued at approximately $2,743,712.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,130 shares of company stock worth $1,212,594. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new stake in Five9 in the third quarter valued at $141,000. SG Americas Securities LLC purchased a new stake in Five9 during the third quarter worth approximately $1,429,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Five9 during the second quarter worth approximately $57,000. Sylebra Capital LLC raised its stake in Five9 by 28.4% during the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after acquiring an additional 666,681 shares in the last quarter. Finally, Clearline Capital LP purchased a new stake in Five9 in the second quarter valued at $1,606,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Trading Down 1.8 %

Five9 stock traded down $0.54 during trading on Wednesday, reaching $29.87. 1,534,447 shares of the company were exchanged, compared to its average volume of 1,457,404. Five9 has a 52-week low of $26.60 and a 52-week high of $92.40. The company has a market capitalization of $2.21 billion, a P/E ratio of -35.14 and a beta of 0.85. The stock’s 50 day simple moving average is $30.41 and its two-hundred day simple moving average is $42.64. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. The business had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $244.54 million. On average, equities research analysts expect that Five9 will post -0.09 earnings per share for the current fiscal year.

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.