Cetera Investment Advisers Increases Stock Position in Five9, Inc. (NASDAQ:FIVN)

Cetera Investment Advisers boosted its stake in Five9, Inc. (NASDAQ:FIVN) by 60.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,407 shares of the software maker’s stock after acquiring an additional 5,032 shares during the period. Cetera Investment Advisers’ holdings in Five9 were worth $545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lindbrook Capital LLC increased its stake in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after acquiring an additional 520 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Five9 in the fourth quarter valued at approximately $36,000. Johnson Financial Group Inc. acquired a new stake in shares of Five9 in the fourth quarter valued at approximately $47,000. Steward Partners Investment Advisory LLC grew its position in shares of Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after acquiring an additional 2,571 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FIVN shares. Evercore ISI cut their price target on shares of Five9 from $55.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC cut their target price on shares of Five9 from $52.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $36.00 target price on shares of Five9 in a research note on Tuesday, May 13th. Morgan Stanley cut their target price on shares of Five9 from $48.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, William Blair reissued an “outperform” rating on shares of Five9 in a research note on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.58.

Insider Activity

In other news, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,165 shares of the company’s stock, valued at approximately $1,424,383. The trade was a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the transaction, the executive vice president now directly owns 126,359 shares of the company’s stock, valued at $4,220,390.60. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,574 shares of company stock valued at $1,004,346. Company insiders own 1.60% of the company’s stock.

Five9 Stock Performance

Five9 stock opened at $26.59 on Tuesday. Five9, Inc. has a 12-month low of $21.04 and a 12-month high of $50.25. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -132.94, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The firm’s fifty day moving average price is $25.69 and its 200 day moving average price is $34.45.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.14. The company had revenue of $279.71 million during the quarter, compared to analyst estimates of $272.26 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS. On average, research analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Five9 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.