Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVNGet Free Report) was the target of unusually large options trading activity on Tuesday. Traders 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.

Analyst Ratings Changes

A number of equities analysts recently commented on FIVN shares. Royal Bank of Canada started coverage on Five9 in a report on Friday, March 15th. They set an “outperform” rating and a $80.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Five9 in a research report on Friday, May 17th. Barclays decreased their target price on Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. KeyCorp dropped their target price on Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Finally, Morgan Stanley lowered their target price on Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.88.

Read Our Latest Stock Report on FIVN

Five9 Stock Performance

Shares of FIVN stock opened at $52.45 on Wednesday. The stock has a market capitalization of $3.87 billion, a P/E ratio of -61.71 and a beta of 0.85. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41. The firm’s 50 day moving average is $58.63 and its 200 day moving average is $68.21. Five9 has a 12 month low of $51.77 and a 12 month high of $92.40.

Five9 (NASDAQ:FIVNGet Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The firm had revenue of $239.06 million for the quarter, compared to analyst estimates of $237.64 million. On average, sell-side analysts anticipate that Five9 will post -0.23 earnings per share for the current year.

Insider Transactions at Five9

In other Five9 news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction on Wednesday, March 6th. The stock was 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 directly owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Five9

Institutional investors and hedge funds have recently modified their holdings of the stock. Arcadia Investment Management Corp MI grew its stake in shares of Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after acquiring an additional 144 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of Five9 by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 31,227 shares of the software maker’s stock worth $2,008,000 after purchasing an additional 160 shares during the last quarter. Arizona State Retirement System grew its holdings in Five9 by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 20,266 shares of the software maker’s stock worth $1,303,000 after acquiring an additional 172 shares in the last quarter. US Bancorp DE lifted its position in shares of Five9 by 1.4% during the fourth quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock valued at $1,340,000 after buying an additional 228 shares during the last quarter. Finally, Schechter Investment Advisors LLC raised its position in shares of Five9 by 4.5% in the 3rd quarter. Schechter Investment Advisors LLC now owns 6,319 shares of the software maker’s stock valued at $406,000 after purchasing an additional 273 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

About Five9

(Get Free Report)

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.

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