Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) saw some unusual options trading activity on Tuesday. Traders purchased 8,504 call options on the company. This represents an increase of 2,115% compared to the typical volume of 384 call options.

Five9 Stock Up 3.2 %

Shares of NASDAQ FIVN opened at $60.14 on Wednesday. Five9 has a 52-week low of $51.01 and a 52-week high of $92.40. The firm has a fifty day moving average of $61.90 and a 200-day moving average of $68.78. The stock has a market capitalization of $4.44 billion, a PE ratio of -53.22 and a beta of 0.83. The company has a quick ratio of 5.53, a current ratio of 5.53 and a debt-to-equity ratio of 1.38.

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

Insider Activity

In other news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 129,559 shares in the company, valued at approximately $7,421,139.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

Several hedge funds and other institutional investors have recently made changes to their positions in FIVN. Arcadia Investment Management Corp MI lifted its holdings in shares of Five9 by 46.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after acquiring an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Five9 by 139.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after acquiring an additional 279 shares in the last quarter. Headlands Technologies LLC lifted its holdings in shares of Five9 by 136.0% during the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after acquiring an additional 306 shares in the last quarter. Intrust Bank NA acquired a new position in shares of Five9 during the 4th quarter valued at $202,000. Finally, Orion Portfolio Solutions LLC lifted its holdings 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 valued at $214,000 after acquiring an additional 452 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FIVN shares. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Five9 in a research note on Thursday, February 22nd. Piper Sandler raised their price objective on shares of Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. Barclays dropped their price objective on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. KeyCorp dropped their price objective on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company lowered their target price on shares of Five9 from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Five9 has a consensus rating of “Moderate Buy” and an average price target of $86.13.

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.