Gagnon Advisors adds Five9 Inc (FIVN) to its portfolio

Five9 Inc (FIVN) : Gagnon Advisors added new position in Five9 Inc during the most recent quarter end. The investment management firm now holds 183,838 shares of Five9 Inc which is valued at $1,742,784 , the company said in a statement filed on May 3, 2016 with the SEC.Five9 Inc makes up approximately 1.59% of Gagnon Advisors’s portfolio.

Other Hedge Funds, Including , Gagnon Securities added FIVN to its portfolio by purchasing 291,685 company shares during the most recent quarter which is valued at $2,765,174. Five9 Inc makes up approx 1.37% of Gagnon Securities’s portfolio.Rhumbline Advisers boosted its stake in FIVN in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 22,040 shares of Five9 Inc which is valued at $208,939. Thompson Davis added FIVN to its portfolio by purchasing 20,500 company shares during the most recent quarter which is valued at $194,340. Five9 Inc makes up approx 0.29% of Thompson Davis’s portfolio.Russell Frank Co boosted its stake in FIVN in the latest quarter, The investment management firm added 66,735 additional shares and now holds a total of 182,476 shares of Five9 Inc which is valued at $1,687,903.

Five9 Inc opened for trading at $9.9 and hit $9.97 on the upside on Tuesday, eventually ending the session at $9.9, with a gain of 0.51% or 0.05 points. The heightened volatility saw the trading volume jump to 3,28,053 shares. Company has a market cap of $507 M.

On the company’s financial health, Five9 Inc reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 10, 2016. Analyst had a consensus of $-0.07. The company had revenue of $38.00 million for the quarter, compared to analysts expectations of $36.07 million. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.

Many Wall Street Analysts have commented on Five9 Inc. Company shares were Reiterated by Canaccord Genuity on Mar 29, 2016 to “Buy”, Firm has raised the Price Target to $ 11 from a previous price target of $10 .Shares were Reiterated by Barclays on Feb 10, 2016 to “Overweight” and Lowered the Price Target to $ 8 from a previous price target of $11 .

Five9 Inc. (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service sales and marketing functions. The Company facilitates over three billion interactions between its 2000 clients and clients’ customers per year. The Company’s solution which consists of its VCC cloud platform and applications allows simultaneous management and optimization of customer interactions across voice chat email Web social media and mobile channels either directly or through its application programming interface. The Company’s VCC cloud platform matches each customer interaction with an appropriate agent resource and delivers relevant customer data to the agent in real-time through integrations with adjacent enterprise applications such as customer relationship management (CRM) software.

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