Traders Buy Large Volume of Call Options on Five9 (NASDAQ:FIVN)

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

Analysts Set New Price Targets

FIVN has been the topic of several recent research reports. Evercore ISI reduced their target price on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. UBS Group dropped their target price on Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a report on Friday, May 2nd. William Blair reaffirmed an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 price objective on shares of Five9 in a research report on Tuesday, May 13th. Finally, Morgan Stanley dropped their price objective on Five9 from $48.00 to $28.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $43.58.

Five9 Stock Down 1.9%

FIVN traded down $0.54 on Thursday, hitting $28.55. The company had a trading volume of 1,696,653 shares, compared to its average volume of 1,693,419. The stock has a fifty day simple moving average of $25.35 and a 200-day simple moving average of $33.94. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $2.18 billion, a P/E ratio of -142.74, a P/E/G ratio of 9.41 and a beta of 1.23. Five9 has a 52-week low of $21.04 and a 52-week high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.14. The company had revenue of $279.71 million during the quarter, compared to analysts' expectations of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. As a group, equities analysts expect that Five9 will post 0.28 EPS for the current fiscal year.

Insider Transactions at Five9

In other news, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the transaction, the chief accounting officer now owns 47,165 shares of the company's stock, valued at $1,424,383. This represents a 2.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 2,535 shares of company stock valued at $74,317 in the last quarter. Insiders own 1.60% of the company's stock.

Institutional Trading of Five9

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sylebra Capital LLC lifted its position in Five9 by 59.4% during the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock valued at $152,228,000 after acquiring an additional 1,396,496 shares during the period. Ameriprise Financial Inc. grew its position in Five9 by 14.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker's stock valued at $74,649,000 after purchasing an additional 353,939 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Five9 by 292.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker's stock valued at $72,745,000 after acquiring an additional 1,996,628 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in Five9 by 14.2% during the 1st quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker's stock valued at $58,122,000 after purchasing an additional 266,484 shares during the last quarter. Finally, Armistice Capital LLC increased its holdings in shares of Five9 by 6.5% in the 1st quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker's stock worth $56,961,000 after purchasing an additional 127,793 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

About Five9

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.