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

Five9, Inc. (NASDAQ:FIVN - Get Free Report) was the target of a significant growth in short interest during 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. Currently, 9.3% of the company's stock are sold short. Based on an average trading volume of 1,480,000 shares, the days-to-cover ratio is presently 4.6 days.

Wall Street Analyst Weigh In

FIVN has been the subject of a number of recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $52.00 price objective on shares of Five9 in a report on Monday, March 17th. Barclays upped their price objective on shares of Five9 from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Piper Sandler upped their price objective on shares of Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Truist Financial restated a "buy" rating and set a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Finally, Morgan Stanley upped their price target 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. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.76.

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Five9 Stock Performance

Shares of NASDAQ FIVN traded up $0.51 during mid-day trading on Friday, hitting $30.14. The company had a trading volume of 1,318,687 shares, compared to its average volume of 1,530,124. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The business's 50-day simple moving average is $37.28 and its 200-day simple moving average is $35.74. Five9 has a 12 month low of $26.60 and a 12 month high of $63.79. The firm has a market cap of $2.28 billion, a P/E ratio of -150.69, a PEG ratio of 9.41 and a beta of 1.01.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $267.70 million. As a group, analysts predict that Five9 will post 0.28 earnings per share for the current fiscal year.

Insider Transactions at Five9

In other news, CAO Leena Mansharamani sold 1,135 shares of the company's stock in a transaction 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 transaction, the chief accounting officer now directly owns 47,165 shares of the company's stock, valued at approximately $1,424,383. This represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Burkland sold 12,595 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the sale, the chief executive officer now owns 404,056 shares of the company's stock, valued at $14,396,515.28. This represents a 3.02 % 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 valued at $985,446. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FIVN. Lindbrook Capital LLC raised its position 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 purchasing an additional 520 shares in the last quarter. Banque Transatlantique SA acquired a new position in Five9 in the fourth quarter worth about $36,000. Johnson Financial Group Inc. acquired a new position in Five9 in the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC raised its position in Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Five9 in the third quarter worth about $95,000. Institutional investors and hedge funds own 96.64% of the company's stock.

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.