Short Interest in Five9, Inc. (NASDAQ:FIVN) Increases By 16.7%

Five9, Inc. (NASDAQ:FIVN - Get Free Report) saw a significant increase in short interest in 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 currently 4.3 days.

Five9 Stock Down 1.8 %

Five9 stock traded down $0.54 during mid-day trading on Wednesday, reaching $29.87. The stock had a trading volume of 1,534,484 shares, compared to its average volume of 1,457,403. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $92.40. The stock's 50-day simple moving average is $30.63 and its 200-day simple moving average is $42.73. The firm has a market capitalization of $2.21 billion, a PE ratio of -35.85 and a beta of 0.85.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The business had revenue of $252.09 million during the quarter, compared to analyst estimates of $244.54 million. On average, sell-side analysts forecast that Five9 will post -0.09 EPS for the current fiscal year.

Insider Transactions at Five9

In related news, CAO Leena Mansharamani sold 1,395 shares of the firm's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total transaction of $42,561.45. Following the transaction, the chief accounting officer now directly owns 36,872 shares of the company's stock, valued at approximately $1,124,964.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the sale, the chief accounting officer now owns 36,872 shares of the company's stock, valued at $1,124,964.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Panos Kozanian sold 7,617 shares of Five9 stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the transaction, the executive vice president now directly owns 76,628 shares of the company's stock, valued at $2,300,372.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,130 shares of company stock worth $1,212,594 over the last quarter. Company insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Five9

A number of hedge funds have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Five9 in the second quarter valued at approximately $57,000. Quent Capital LLC grew its holdings in shares of Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker's stock valued at $193,000 after acquiring an additional 352 shares in the last quarter. Cetera Advisors LLC bought a new stake in Five9 during the first quarter worth $226,000. ProShare Advisors LLC purchased a new stake in shares of Five9 during the 1st quarter valued at $247,000. Finally, Edgestream Partners L.P. bought a new stake in shares of Five9 during the 1st quarter worth $264,000. Institutional investors and hedge funds own 96.64% of the company's stock.

Wall Street Analyst Weigh In

FIVN has been the subject of several analyst reports. Baird R W cut shares of Five9 from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 9th. Truist Financial reaffirmed a "buy" rating and issued a $65.00 target price on shares of Five9 in a report on Tuesday, August 27th. Rosenblatt Securities lowered their price target on Five9 from $80.00 to $70.00 and set a "buy" rating for the company in a report on Friday, August 9th. StockNews.com raised Five9 from a "sell" rating to a "hold" rating in a research note on Thursday, August 8th. Finally, Barclays decreased their target price on Five9 from $75.00 to $55.00 and set an "overweight" rating on the stock in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.59.

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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