Five9 Inc. (FIVN) Short Interest Update

Five9 Inc. (NASDAQ:FIVN) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 404,367 shares, a decrease of 25.9% from the February 15th total of 545,710 shares. Based on an average daily volume of 572,304 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.6% of the shares of the stock are short sold.

In other news, Director Michael Burkland sold 24,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $23.78, for a total transaction of $570,720.00. Following the sale, the director now directly owns 762,582 shares of the company’s stock, valued at $18,134,199.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott Welch sold 3,903 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $27.13, for a total transaction of $105,888.39. The disclosure for this sale can be found here. Insiders have sold 674,951 shares of company stock worth $19,603,720 over the last three months. 9.10% of the stock is owned by insiders.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Fortaleza Asset Management Inc. bought a new position in shares of Five9 during the fourth quarter worth $157,000. Envestnet Asset Management Inc. bought a new position in shares of Five9 during the third quarter worth $195,000. Xact Kapitalforvaltning AB bought a new position in shares of Five9 during the fourth quarter worth $201,000. Janney Montgomery Scott LLC bought a new position in shares of Five9 during the third quarter worth $211,000. Finally, Invictus RG bought a new position in shares of Five9 during the fourth quarter worth $267,000. 92.66% of the stock is currently owned by institutional investors.

Several research firms have recently commented on FIVN. ValuEngine raised shares of Five9 from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Barclays reaffirmed an “equal weight” rating and issued a $28.00 price objective (up from $27.00) on shares of Five9 in a research note on Thursday, February 22nd. KeyCorp reaffirmed an “equal weight” rating on shares of Five9 in a research note on Thursday, March 15th. BidaskClub cut shares of Five9 from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Roth Capital reaffirmed a “buy” rating on shares of Five9 in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $26.60.

Shares of NASDAQ FIVN traded down $0.58 during midday trading on Friday, reaching $27.68. 251,230 shares of the stock were exchanged, compared to its average volume of 367,824. The stock has a market cap of $1,629.29, a price-to-earnings ratio of -162.82 and a beta of 0.14. Five9 has a 12 month low of $16.30 and a 12 month high of $32.47. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.85.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $55.40 million for the quarter, compared to analysts’ expectations of $52.31 million. Five9 had a negative net margin of 4.48% and a negative return on equity of 24.94%. Five9’s quarterly revenue was up 25.3% on a year-over-year basis. research analysts anticipate that Five9 will post -0.15 EPS for the current fiscal year.

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About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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