Jefferies Financial Group Inc. Takes Position in Five9, Inc. (NASDAQ:FIVN)

Jefferies Financial Group Inc. purchased a new stake in Five9, Inc. (NASDAQ:FIVN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 25,799 shares of the software maker’s stock, valued at approximately $1,048,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC increased its stake in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Five9 in the 4th quarter valued at $36,000. Johnson Financial Group Inc. bought a new position in shares of Five9 in the 4th quarter valued at $47,000. Steward Partners Investment Advisory LLC increased its stake in shares of Five9 by 7,305.6% in the 4th 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 grew its position 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 acquiring an additional 2,571 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Five9 Stock Performance

Five9 stock opened at $27.67 on Friday. The stock’s 50 day simple moving average is $26.08 and its two-hundred day simple moving average is $34.63. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -138.34, a PEG ratio of 9.41 and a beta of 1.23. Five9, Inc. has a fifty-two week low of $21.04 and a fifty-two week high of $54.18.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The firm had revenue of $279.71 million for the quarter, compared to analysts’ expectations of $272.26 million. During the same period in the previous year, the firm posted $0.48 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, analysts expect that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Activity at Five9

In other news, EVP Panos Kozanian sold 7,619 shares of the company’s 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 sale, the executive vice president now directly owns 126,359 shares in the company, valued at $4,220,390.60. This represents a 5.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the transaction, the chief executive officer now directly owns 404,056 shares of the company’s stock, valued at $14,396,515.28. This represents a 3.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,574 shares of company stock valued at $1,004,346. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Mizuho reduced their price objective on Five9 from $55.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company reduced their price objective on Five9 from $45.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada raised their price target on shares of Five9 from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Five9 in a research note on Wednesday, April 2nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $36.00 price target on shares of Five9 in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Five9 has a consensus rating of “Moderate Buy” and a consensus price target of $43.58.

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.