Five9 Target of Unusually High Options Trading (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN – Get Rating) saw some unusual options trading on Tuesday. Stock traders purchased 8,504 call options on the stock. This is an increase of approximately 2,115% compared to the typical volume of 384 call options.

Several analysts have recently commented on FIVN shares. Canaccord Genuity Group reduced their price objective on shares of Five9 from $200.00 to $125.00 in a research report on Thursday, February 24th. William Blair started coverage on shares of Five9 in a research report on Tuesday, February 1st. They set an “outperform” rating for the company. Piper Sandler raised their price objective on shares of Five9 from $163.00 to $166.00 in a research report on Friday, April 29th. Roth Capital started coverage on shares of Five9 in a research report on Wednesday, May 18th. They set a “buy” rating and a $129.00 price objective for the company. Finally, Northland Securities reduced their price objective on shares of Five9 from $200.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, February 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Five9 currently has a consensus rating of “Buy” and a consensus target price of $160.90.

Shares of Five9 stock opened at $92.77 on Thursday. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 3.44. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of -85.11 and a beta of 0.50. Five9 has a 52 week low of $80.52 and a 52 week high of $211.68. The stock’s 50-day simple moving average is $105.79 and its 200-day simple moving average is $120.65.

Five9 (NASDAQ:FIVN – Get Rating) last released its earnings results on Thursday, April 28th. The software maker reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.52. The firm had revenue of $182.80 million for the quarter, compared to analysts’ expectations of $170.87 million. Five9 had a negative return on equity of 24.00% and a negative net margin of 11.43%. The company’s quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. On average, equities analysts expect that Five9 will post -0.88 earnings per share for the current year.

In other Five9 news, President Daniel P. Burkland sold 1,685 shares of the stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $98.63, for a total transaction of $166,191.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Barry Zwarenstein sold 6,610 shares of the stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $102.36, for a total transaction of $676,599.60. The disclosure for this sale can be found here. Insiders sold 30,204 shares of company stock valued at $3,162,935 in the last ninety days. 2.40% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in Five9 by 6.1% during the 4th quarter. Northern Trust Corp now owns 342,977 shares of the software maker’s stock worth $47,096,000 after buying an additional 19,822 shares in the last quarter. Alcosta Capital Management Inc. boosted its holdings in shares of Five9 by 0.7% during the third quarter. Alcosta Capital Management Inc. now owns 20,844 shares of the software maker’s stock worth $3,330,000 after purchasing an additional 135 shares during the last quarter. Stanley Laman Group Ltd. purchased a new position in shares of Five9 in the 4th quarter worth $9,553,000. Eaton Vance Management boosted its holdings in Five9 by 1.5% in the 3rd quarter. Eaton Vance Management now owns 12,642 shares of the software maker’s stock worth $1,989,000 after acquiring an additional 189 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Five9 during the 4th quarter valued at approximately $55,370,000. Hedge funds and other institutional investors own 97.89% of the company’s stock.

About Five9 (Get Rating)

Five9, Inc, together with its subsidiaries, provides 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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