Five9, Inc. (NASDAQ:FIVN – Get Free Report) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 5,800,000 shares, a drop of 6.8% from the November 30th total of 6,220,000 shares. Based on an average trading volume of 1,640,000 shares, the days-to-cover ratio is presently 3.5 days.
Analyst Ratings Changes
FIVN has been the subject of a number of analyst reports. DA Davidson lifted their target price on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Rosenblatt Securities boosted their target price on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Truist Financial restated a “buy” rating and set a $65.00 price objective on shares of Five9 in a report on Tuesday, December 17th. Needham & Company LLC increased their target price on shares of Five9 from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Piper Sandler lifted their price target on shares of Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.18.
Read Our Latest Research Report on FIVN
Insider Buying and Selling at Five9
Institutional Investors Weigh In On Five9
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIVN. Signaturefd LLC increased its position in shares of Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Five9 during the second quarter worth $57,000. Quest Partners LLC acquired a new position in Five9 during the third quarter worth $95,000. nVerses Capital LLC bought a new stake in Five9 during the third quarter worth $141,000. Finally, Sanctuary Advisors LLC acquired a new stake in Five9 in the third quarter valued at $145,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.
Five9 Price Performance
NASDAQ FIVN opened at $40.72 on Tuesday. The firm’s 50 day moving average is $38.23 and its 200-day moving average is $36.55. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $3.06 billion, a PE ratio of -81.44, a price-to-earnings-growth ratio of 28.88 and a beta of 0.92. Five9 has a 12-month low of $26.60 and a 12-month high of $81.24.
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.
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