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

Five9, Inc. (NASDAQ:FIVNGet Rating) saw unusually large options trading on Tuesday. Investors purchased 8,504 call options on the company. This is an increase of 2,115% compared to the average daily volume of 384 call options.

Several equities analysts recently issued reports on FIVN shares. Zacks Investment Research upgraded Five9 from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. TheStreet cut Five9 from a “c-” rating to a “d+” rating in a research report on Wednesday, May 11th. Bank of America started coverage on Five9 in a research report on Friday, January 28th. They issued an “underperform” rating on the stock. Barclays dropped their price target on Five9 from $215.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, February 24th. Finally, Canaccord Genuity Group dropped their target price on Five9 from $200.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, February 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Five9 has an average rating of “Buy” and a consensus price target of $160.90.

In other news, CFO Barry Zwarenstein sold 6,610 shares of the business’s stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $102.36, for a total value of $676,599.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rowan M. Trollope sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $108.81, for a total value of $217,620.00. Following the completion of the sale, the chief executive officer now directly owns 66,702 shares of the company’s stock, valued at $7,257,844.62. The disclosure for this sale can be found here. Insiders have sold a total of 30,204 shares of company stock valued at $3,162,935 over the last ninety days. 2.40% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in shares of Five9 by 22.9% during the 1st quarter. Wellington Management Group LLP now owns 3,775,202 shares of the software maker’s stock worth $416,783,000 after purchasing an additional 703,002 shares during the period. Wasatch Advisors Inc. lifted its stake in shares of Five9 by 11.3% during the 1st quarter. Wasatch Advisors Inc. now owns 2,190,058 shares of the software maker’s stock worth $241,782,000 after purchasing an additional 221,679 shares during the period. Pictet Asset Management SA lifted its stake in shares of Five9 by 41,717.0% during the 4th quarter. Pictet Asset Management SA now owns 1,826,985 shares of the software maker’s stock worth $250,882,000 after purchasing an additional 1,822,616 shares during the period. Sylebra Capital Ltd lifted its stake in shares of Five9 by 16.2% during the 1st quarter. Sylebra Capital Ltd now owns 1,499,718 shares of the software maker’s stock worth $165,569,000 after purchasing an additional 208,604 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Five9 during the 4th quarter worth $191,622,000. 97.89% of the stock is currently owned by hedge funds and other institutional investors.

FIVN opened at $86.14 on Wednesday. Five9 has a 1-year low of $80.52 and a 1-year high of $211.68. The company has a debt-to-equity ratio of 3.44, a current ratio of 3.40 and a quick ratio of 3.40. The stock’s 50 day simple moving average is $105.87 and its 200 day simple moving average is $120.85. The stock has a market cap of $5.99 billion, a P/E ratio of -79.03 and a beta of 0.50.

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

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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