Investors Purchase High Volume of Call Options on Five9 (NASDAQ:FIVN)

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada assumed coverage on shares of Five9 in a research note on Friday, March 15th. They issued an “outperform” rating and a $80.00 target price on the stock. Canaccord Genuity Group lowered their target price on shares of Five9 from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday. Barclays lowered their target price on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. KeyCorp lowered their target price on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company reduced their price target on shares of Five9 from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Five9 has a consensus rating of “Moderate Buy” and an average price target of $86.13.

Five9 Stock Performance

Shares of Five9 stock opened at $60.14 on Wednesday. The company has a current ratio of 5.53, a quick ratio of 5.53 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $4.44 billion, a P/E ratio of -53.22 and a beta of 0.83. The business has a fifty day simple moving average of $61.90 and a two-hundred day simple moving average of $68.78. Five9 has a 12 month low of $51.01 and a 12 month high of $92.40.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.14. The business had revenue of $239.06 million during the quarter, compared to analyst estimates of $237.64 million. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. On average, equities analysts forecast that Five9 will post -0.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Five9 news, COO Andy Dignan sold 7,340 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction of $420,435.20. Following the completion of the transaction, the chief operating officer now owns 129,559 shares in the company, valued at $7,421,139.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

Several large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its position in Five9 by 84.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 837,856 shares of the software maker’s stock worth $65,931,000 after buying an additional 383,002 shares during the last quarter. Vanguard Group Inc. raised its position in Five9 by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 7,236,249 shares of the software maker’s stock worth $465,291,000 after buying an additional 227,183 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Five9 by 966.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 348,536 shares of the software maker’s stock worth $22,411,000 after buying an additional 315,867 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Five9 by 11.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 819,615 shares of the software maker’s stock worth $52,701,000 after buying an additional 81,744 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Five9 by 7.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 382,237 shares of the software maker’s stock worth $30,078,000 after buying an additional 25,075 shares during the last quarter. Hedge funds and other 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. 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.