Five9 Inc (FIVN) Sees Large Decline in Short Interest

Five9 Inc (NASDAQ:FIVN) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 640,826 shares, a decrease of 41.8% from the November 30th total of 1,100,631 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily volume of 405,447 shares, the days-to-cover ratio is presently 1.6 days.

Five9 (FIVN) opened at $24.10 on Friday. Five9 has a twelve month low of $14.08 and a twelve month high of $27.81. The firm has a market cap of $1,340.00, a P/E ratio of -160.67 and a beta of 0.27. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The business had revenue of $50.08 million for the quarter, compared to analyst estimates of $48.20 million. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. equities analysts predict that Five9 will post -0.18 EPS for the current fiscal year.

In other news, EVP Scott Welch sold 3,902 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $25.30, for a total transaction of $98,720.60. Following the sale, the executive vice president now directly owns 105,003 shares of the company’s stock, valued at $2,656,575.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel P. Burkland sold 10,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $24.88, for a total transaction of $248,800.00. Following the sale, the executive vice president now directly owns 146,436 shares in the company, valued at $3,643,327.68. The disclosure for this sale can be found here. Insiders have sold 846,877 shares of company stock worth $20,492,200 over the last three months. 9.10% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its holdings in Five9 by 4,389.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock valued at $120,000 after buying an additional 5,443 shares during the period. Envestnet Asset Management Inc. acquired a new position in Five9 in the third quarter valued at approximately $195,000. Tudor Investment Corp ET AL acquired a new position in Five9 in the second quarter valued at approximately $202,000. Janney Montgomery Scott LLC acquired a new position in Five9 in the third quarter valued at approximately $211,000. Finally, Principal Financial Group Inc. acquired a new stake in Five9 in the second quarter worth $219,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Several analysts have recently commented on FIVN shares. Canaccord Genuity increased their price target on shares of Five9 from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, September 27th. KeyCorp reissued a “buy” rating and set a $27.00 price target on shares of Five9 in a research note on Friday, September 22nd. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Monday, November 13th. BidaskClub cut shares of Five9 from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, ValuEngine raised shares of Five9 from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Five9 has a consensus rating of “Buy” and a consensus price target of $26.43.

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Five9 Company Profile

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

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