Five9 Sees Unusually High Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the recipient of unusually large options trading on Tuesday. Stock investors bought 8,504 call options on the company. This represents an increase of 2,115% compared to the average daily volume of 384 call options.

Analysts Set New Price Targets

Several brokerages have recently commented on FIVN. DA Davidson began coverage on Five9 in a report on Wednesday, June 7th. They set a “neutral” rating and a $75.00 target price for the company. Mizuho began coverage on Five9 in a report on Tuesday, May 30th. They set a “buy” rating and a $100.00 target price for the company. Wells Fargo & Company upped their target price on Five9 from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. StockNews.com began coverage on Five9 in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Five9 in a report on Tuesday, August 8th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.82.

Five9 Stock Performance

Shares of NASDAQ FIVN opened at $72.48 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 5.32 and a current ratio of 5.32. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of -60.40 and a beta of 0.79. The business’s 50-day simple moving average is $78.78 and its 200-day simple moving average is $71.03. Five9 has a 52 week low of $46.61 and a 52 week high of $102.66.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Monday, August 7th. The software maker reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.12. The business had revenue of $222.88 million for the quarter, compared to analyst estimates of $214.11 million. Five9 had a negative return on equity of 17.08% and a negative net margin of 10.12%. As a group, equities research analysts expect that Five9 will post -1.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Five9 news, CAO Leena Mansharamani sold 1,263 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $69.59, for a total transaction of $87,892.17. Following the completion of the transaction, the chief accounting officer now owns 36,102 shares in the company, valued at approximately $2,512,338.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Barry Zwarenstein sold 12,500 shares of the company’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $87.70, for a total value of $1,096,250.00. Following the completion of the sale, the chief financial officer now owns 94,608 shares in the company, valued at $8,297,121.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Leena Mansharamani sold 1,263 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $69.59, for a total value of $87,892.17. Following the completion of the sale, the chief accounting officer now owns 36,102 shares of the company’s stock, valued at approximately $2,512,338.18. The disclosure for this sale can be found here. Insiders sold a total of 282,758 shares of company stock worth $21,498,728 in the last three months. 2.00% of the stock is owned by insiders.

Institutional Trading of Five9

Hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. lifted its position in shares of Five9 by 54.2% in the 4th quarter. First Horizon Advisors Inc. now owns 404 shares of the software maker’s stock worth $27,000 after acquiring an additional 142 shares during the period. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Five9 by 0.5% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 31,357 shares of the software maker’s stock worth $2,267,000 after buying an additional 155 shares in the last quarter. Xponance Inc. raised its holdings in shares of Five9 by 1.8% in the 1st quarter. Xponance Inc. now owns 9,557 shares of the software maker’s stock worth $691,000 after buying an additional 167 shares in the last quarter. Left Brain Wealth Management LLC raised its holdings in shares of Five9 by 1.9% in the 2nd 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 in the last quarter. Finally, Mirador Capital Partners LP raised its holdings in shares of Five9 by 1.3% in the 2nd quarter. Mirador Capital Partners LP now owns 16,211 shares of the software maker’s stock worth $1,337,000 after buying an additional 209 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

Five9 Company Profile

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.