Citigroup Inc. Has $1.66 Million Stock Holdings in Five9, Inc. (NASDAQ:FIVN)
Citigroup Inc. decreased its holdings in shares of Five9, Inc. (NASDAQ:FIVN – Free Report) by 84.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,144 shares of the software maker’s stock after selling 107,238 shares during the period. Citigroup Inc.’s holdings in Five9 were worth $1,661,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Xponance Inc. raised its holdings in Five9 by 1.9% during the second quarter. Xponance Inc. now owns 9,740 shares of the software maker’s stock worth $803,000 after buying an additional 183 shares during the last quarter. Left Brain Wealth Management LLC raised its holdings in Five9 by 1.9% during the second quarter. Left Brain Wealth Management LLC now owns 10,161 shares of the software maker’s stock worth $838,000 after buying an additional 190 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Five9 by 0.7% in the first quarter. Treasurer of the State of North Carolina now owns 30,607 shares of the software maker’s stock valued at $2,213,000 after purchasing an additional 220 shares during the last quarter. Neo Ivy Capital Management raised its holdings in shares of Five9 by 117.6% in the second quarter. Neo Ivy Capital Management now owns 470 shares of the software maker’s stock valued at $42,000 after purchasing an additional 254 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Five9 by 43.8% in the second quarter. CWM LLC now owns 883 shares of the software maker’s stock valued at $73,000 after purchasing an additional 269 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.
Five9 Price Performance
Shares of NASDAQ:FIVN opened at $79.59 on Monday. The company has a quick ratio of 5.18, a current ratio of 5.18 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $5.79 billion, a PE ratio of -69.21 and a beta of 0.88. Five9, Inc. has a twelve month low of $51.01 and a twelve month high of $89.58. The company has a 50-day moving average price of $65.11 and a two-hundred day moving average price of $70.88.
Five9 (NASDAQ:FIVN – Get Free Report) last released its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.08. Five9 had a negative net margin of 9.44% and a negative return on equity of 14.18%. The company had revenue of $230.11 million during the quarter, compared to analyst estimates of $224.10 million. Equities analysts forecast that Five9, Inc. will post -0.93 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on FIVN. StockNews.com began coverage on shares of Five9 in a report on Thursday, October 5th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Five9 from a “hold” rating to a “buy” rating and increased their target price for the company from $75.00 to $80.00 in a report on Thursday, September 21st. William Blair reiterated an “outperform” rating on shares of Five9 in a report on Friday, November 3rd. Piper Sandler increased their target price on shares of Five9 from $77.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Finally, Roth Mkm increased their price target on shares of Five9 from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.
Check Out Our Latest Report on Five9
About Five9 (Free Report)
Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. The company offers 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.
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Original: MarketBeat News Feed: Citigroup Inc. Has $1.66 Million Stock Holdings in Five9, Inc. (NASDAQ:FIVN)