Stock Traders Purchase Large Volume of Five9 Call Options (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the target of some unusual options trading activity on Tuesday. Traders bought 8,504 call options on the stock. This is an increase of 2,115% compared to the average volume of 384 call options.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FIVN. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Five9 in a report on Friday, May 3rd. Piper Sandler raised their price objective on Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. Rosenblatt Securities reissued a “buy” rating and set a $80.00 target price on shares of Five9 in a report on Friday, May 3rd. UBS Group reduced their price objective on shares of Five9 from $90.00 to $81.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Finally, Barclays decreased their price objective 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. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.88.

Five9 Price Performance

FIVN opened at $56.45 on Wednesday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02. Five9 has a 52-week low of $51.01 and a 52-week high of $92.40. The stock has a market capitalization of $4.17 billion, a PE ratio of -66.41 and a beta of 0.85. The stock’s 50 day moving average price is $59.73 and its 200-day moving average price is $68.46.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.14. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The company had revenue of $239.06 million for the quarter, compared to analyst estimates of $237.64 million. On average, equities research analysts predict that Five9 will post -0.42 EPS for the current year.

Insider Activity at Five9

In other Five9 news, COO Andy Dignan sold 7,340 shares of the business’s 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 sale, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at approximately $7,421,139.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FIVN. Verdence Capital Advisors LLC grew its holdings in Five9 by 12.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,329 shares of the software maker’s stock valued at $343,000 after buying an additional 591 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Five9 by 2.4% during the 3rd quarter. TD Asset Management Inc now owns 51,604 shares of the software maker’s stock worth $3,318,000 after acquiring an additional 1,200 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Five9 by 8.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 352,904 shares of the software maker’s stock worth $22,692,000 after acquiring an additional 27,329 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in shares of Five9 by 0.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 139,258 shares of the software maker’s stock worth $8,954,000 after acquiring an additional 892 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of Five9 by 15.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker’s stock worth $214,000 after acquiring an additional 452 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

About Five9

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.