Values First Advisors Inc. Increases Holdings in Five9, Inc. (NASDAQ:FIVN)

Values First Advisors Inc. lifted its position in Five9, Inc. (NASDAQ:FIVN) by 18.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,054 shares of the software maker’s stock after purchasing an additional 1,259 shares during the period. Values First Advisors Inc.’s holdings in Five9 were worth $634,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FIVN. MetLife Investment Management LLC purchased a new stake in shares of Five9 in the first quarter valued at approximately $482,000. Raymond James Trust N.A. purchased a new stake in shares of Five9 in the first quarter valued at approximately $212,000. Cetera Investment Advisers raised its stake in Five9 by 15.4% in the first quarter. Cetera Investment Advisers now owns 3,223 shares of the software maker’s stock worth $356,000 after buying an additional 430 shares in the last quarter. Zions Bancorporation N.A. bought a new position in Five9 in the first quarter worth approximately $613,000. Finally, Prudential Financial Inc. raised its stake in Five9 by 10.7% in the first quarter. Prudential Financial Inc. now owns 2,806 shares of the software maker’s stock worth $310,000 after buying an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Stock Performance

Shares of FIVN traded down $0.19 during trading hours on Friday, reaching $62.11. 981,687 shares of the company traded hands, compared to its average volume of 1,413,076. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.53 and a quick ratio of 5.53. Five9, Inc. has a 12-month low of $51.01 and a 12-month high of $92.40. The business has a fifty day moving average price of $68.08 and a 200-day moving average price of $69.39.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.14. Five9 had a negative net margin of 8.98% and a negative return on equity of 12.51%. The firm had revenue of $239.06 million for the quarter, compared to analyst estimates of $237.64 million. On average, sell-side analysts predict that Five9, Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Five9

In other Five9 news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total value of $420,435.20. Following the sale, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on FIVN shares. Truist Financial reissued a “buy” rating and issued a $100.00 price objective on shares of Five9 in a research note on Tuesday, December 5th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Five9 in a research note on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft upped their price target on Five9 from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Barclays reduced their price target on Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Finally, Royal Bank of Canada assumed coverage on Five9 in a research report on Friday, March 15th. They set an “outperform” rating and a $80.00 price target on the stock. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $87.80.

Five9 Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.