Fisher Asset Management LLC Grows Stock Position in Five9, Inc. (NASDAQ:FIVN)

Fisher Asset Management LLC increased its position in shares of Five9, Inc. (NASDAQ:FIVN) by 21.8% in the 4th quarter, Holdings Channel reports. The firm owned 202,987 shares of the software maker’s stock after purchasing an additional 36,317 shares during the period. Fisher Asset Management LLC’s holdings in Five9 were worth $15,973,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. boosted its stake in Five9 by 139.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after purchasing an additional 279 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of Five9 by 136.0% in the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after buying an additional 306 shares in the last quarter. Intrust Bank NA acquired a new position in Five9 during the fourth quarter worth about $202,000. Raymond James Trust N.A. purchased a new stake in Five9 during the 4th quarter valued at about $230,000. Finally, Orion Portfolio Solutions LLC raised its holdings in Five9 by 15.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker’s stock valued at $214,000 after acquiring an additional 452 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Five9

In related news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 129,559 shares in the company, valued at $7,421,139.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on FIVN. Barclays lowered their target price on Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. Piper Sandler boosted their price objective on Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. UBS Group cut their target price on Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a research note on Friday. Canaccord Genuity Group lowered their price target on shares of Five9 from $90.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Finally, Royal Bank of Canada began coverage on shares of Five9 in a research report on Friday, March 15th. They set an “outperform” rating and a $80.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and an average price target of $84.88.

Five9 Stock Up 2.0 %

Shares of NASDAQ FIVN opened at $57.88 on Monday. The company has a quick ratio of 5.53, a current ratio of 5.53 and a debt-to-equity ratio of 1.38. The business’s 50 day moving average is $59.98 and its two-hundred day moving average is $68.53. Five9, Inc. has a 52-week low of $51.01 and a 52-week high of $92.40. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of -68.09 and a beta of 0.85.

Five9 (NASDAQ:FIVN) last issued 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 return on equity of 9.03% and a negative net margin of 6.56%. The business had revenue of $239.06 million during the quarter, compared to analysts’ expectations of $237.64 million. Research analysts predict that Five9, Inc. will post -0.42 EPS for the current year.

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.