DORCHESTER WEALTH MANAGEMENT Co Raises Stock Position in Five9, Inc. (NASDAQ:FIVN)

DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of Five9, Inc. (NASDAQ:FIVN) by 10.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,125 shares of the software maker’s stock after buying an additional 1,125 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Five9 were worth $493,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FIVN. Signaturefd LLC raised its stake in Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares during the period. Quest Partners LLC purchased a new position in Five9 during the third quarter worth about $95,000. Venturi Wealth Management LLC raised its stake 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 purchasing an additional 2,571 shares during the period. FNY Investment Advisers LLC raised its stake in Five9 by 324.8% during the fourth quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock worth $132,000 after purchasing an additional 2,485 shares during the period. Finally, KBC Group NV raised its stake in Five9 by 49.2% during the fourth quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock worth $137,000 after purchasing an additional 1,113 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Five9 news, CFO Barry Zwarenstein sold 3,336 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction of $139,611.60. Following the completion of the transaction, the chief financial officer now owns 98,396 shares in the company, valued at $4,117,872.60. The trade was a 3.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Leena Mansharamani sold 1,346 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the transaction, the chief accounting officer now owns 35,526 shares of the company’s stock, valued at $1,468,289.58. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,004 shares of company stock worth $1,209,279 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Five9 Trading Up 1.0 %

Shares of FIVN stock opened at $42.09 on Friday. 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 capitalization of $3.17 billion, a P/E ratio of -210.44, a price-to-earnings-growth ratio of 9.41 and a beta of 0.93. The company has a 50 day moving average price of $40.57 and a 200 day moving average price of $35.88. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $65.71.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FIVN. Barclays lifted their target price on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday. Rosenblatt Securities boosted their price target on shares of Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Friday. Truist Financial reissued a “buy” rating and issued a $65.00 price target on shares of Five9 in a research note on Tuesday, December 17th. Morgan Stanley boosted their price target on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Finally, DA Davidson boosted their price target on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $57.65.

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.