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

Five9, Inc. (NASDAQ:FIVN) saw unusually large options trading activity on Friday. Investors purchased 10,416 put options on the company. This represents an increase of approximately 76% compared to the average volume of 5,918 put options.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FIVN shares. Zacks Research cut shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Five9 in a report on Monday. Wells Fargo & Company lowered their price target on shares of Five9 from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Barclays reduced their price objective on Five9 from $33.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Finally, Cantor Fitzgerald decreased their price objective on Five9 from $36.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.19.

Insiders Place Their Bets

In other Five9 news, insider Tiffany N. Meriweather sold 6,852 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $20.35, for a total transaction of $139,438.20. Following the completion of the sale, the insider directly owned 212,126 shares in the company, valued at approximately $4,316,764.10. The trade was a 3.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bryan M. Lee sold 13,219 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $20.35, for a total value of $269,006.65. Following the sale, the chief financial officer owned 224,269 shares of the company’s stock, valued at approximately $4,563,874.15. This trade represents a 5.57% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 66,739 shares of company stock valued at $1,364,010. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FIVN. Global Retirement Partners LLC boosted its position in Five9 by 81.7% in the 3rd quarter. Global Retirement Partners LLC now owns 1,228 shares of the software maker’s stock valued at $30,000 after buying an additional 552 shares during the period. Nisa Investment Advisors LLC purchased a new position in shares of Five9 during the second quarter worth approximately $32,000. Quarry LP bought a new stake in shares of Five9 during the third quarter valued at approximately $33,000. Advisory Services Network LLC purchased a new stake in shares of Five9 in the third quarter valued at approximately $38,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Five9 in the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Trading Down 0.4%

Shares of NASDAQ FIVN opened at $20.65 on Friday. Five9 has a fifty-two week low of $17.71 and a fifty-two week high of $49.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.61 and a current ratio of 4.61. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 57.36, a PEG ratio of 1.29 and a beta of 1.35. The business’s 50 day moving average price is $21.53 and its 200-day moving average price is $24.95.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%.The company had revenue of $283.27 million for the quarter. On average, sell-side analysts expect that Five9 will post 0.28 earnings per share for the current year.

Five9 declared that its board has approved a share buyback program on Tuesday, November 11th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the software maker to purchase up to 3.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a 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.