Quinn Opportunity Partners LLC Raises Holdings in Five9, Inc. (NASDAQ:FIVN)

Quinn Opportunity Partners LLC raised its stake in Five9, Inc. (NASDAQ:FIVN) by 21.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 57,004 shares of the software maker’s stock after purchasing an additional 10,000 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Five9 were worth $2,317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FIVN. Lindbrook Capital LLC lifted its position in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after purchasing an additional 520 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in 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 buying an additional 1,315 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Five9 by 3,955.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after buying an additional 2,571 shares during the last quarter. Conquis Financial LLC acquired a new position in shares of Five9 during the 4th quarter worth about $122,000. Finally, FNY Investment Advisers LLC increased its holdings in shares of Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after acquiring an additional 2,485 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Stock Down 0.7 %

Five9 stock opened at $23.07 on Friday. The stock has a 50 day moving average of $32.71 and a two-hundred day moving average of $35.42. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $60.81. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -115.34, a PEG ratio of 9.41 and a beta of 1.29. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). The company had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. As a group, research analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Transactions at Five9

In related news, CAO Leena Mansharamani sold 1,135 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the transaction, the chief accounting officer now owns 47,165 shares of the company’s stock, valued at $1,424,383. This represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the transaction, the executive vice president now owns 126,359 shares of the company’s stock, valued at $4,220,390.60. The trade was a 5.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,574 shares of company stock worth $1,004,346. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Piper Sandler boosted their target price on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Rosenblatt Securities restated a “buy” rating and set a $58.00 price objective on shares of Five9 in a research report on Friday, April 4th. Royal Bank of Canada restated an “outperform” rating and issued a $65.00 target price on shares of Five9 in a report on Wednesday, March 19th. Truist Financial reiterated a “buy” rating and set a $65.00 price target on shares of Five9 in a research note on Tuesday, December 17th. Finally, Barclays upped their price objective on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.76.

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.