Five9 Inc (NASDAQ: FIVN) stock jumped 2.46% on Monday to $74.70 against a previous-day closing price of $72.91. With 1.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.06 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $75.69 whereas the lowest price it dropped to was $73.27. The 52-week range on FIVN shows that it touched its highest point at $89.58 and its lowest point at $51.01 during that stretch. It currently has a 1-year price target of $85.95. Beta for the stock currently stands at 0.84.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FIVN was up-trending over the past week, with a rise of 18.01%, but this was up by 24.31% over a month. Three-month performance surged to 5.20% while six-month performance rose 16.88%. The stock gained 29.22% in the past year, while it has gained 10.08% so far this year. A look at the trailing 12-month EPS for FIVN yields -1.16 with Next year EPS estimates of 2.16. For the next quarter, that number is 0.48. This implies an EPS growth rate of 28.07% for this year and 12.37% for next year. EPS is expected to grow by 20.28% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -53.28%.
Float and Shares Shorts:
At present, 72.70 million FIVN shares are outstanding with a float of 71.13 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.8 million, which was 3.85% higher than short shares on Sep 28, 2023. In addition to Mr. Michael Burkland M.B.A. as the firm’s CEO & Chairman, Mr. Daniel P. Burkland serves as its President & Chief Revenue Officer.
Institutional Ownership:
Through their ownership of 101.21% of FIVN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.98% of FIVN, in contrast to 45.73% held by mutual funds. Shares owned by individuals account for 24.09%. As the largest shareholder in FIVN with 9.87% of the stake, The Vanguard Group, Inc. holds 7,128,867 shares worth 7,128,867. A second-largest stockholder of FIVN, Pictet Asset Management SA, holds 3,945,059 shares, controlling over 5.46% of the firm’s shares. Viking Global Investors LP is the third largest shareholder in FIVN, holding 3,593,745 shares or 4.98% stake. With a 3.16% stake in FIVN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,280,552 shares are owned by the mutual fund manager. The Pictet – Robotics, which owns about 2.93% of FIVN stock, is the second-largest Mutual Fund holder. It holds 2,115,195 shares valued at 122.41 million. Vanguard Small Cap Index Fund holds 2.58% of the stake in FIVN, owning 1,862,773 shares worth 107.8 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FIVN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FIVN analysts setting a high price target of $105.00 and a low target of $61.00, the average target price over the next 12 months is $85.95. Based on these targets, FIVN could surge 40.56% to reach the target high and fall by -18.34% to reach the target low. Reaching the average price target will result in a growth of 15.06% from current levels.
Summary of Insider Activity:
Insiders traded FIVN stock several times over the past three months with 0 Buys and 10 Sells. In these transactions, 0 shares were bought while 35,201 shares were sold. The number of buy transactions has increased to 35 while that of sell transactions has risen to 96 over the past year. The total number of shares bought during that period was 788,949 while 495,581 shares were sold.
