Five9 Target of Unusually High Options Trading (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN - Get Free Report) 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 daily volume of 384 call options.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FIVN shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $65.00 price target on shares of Five9 in a research note on Wednesday, March 19th. Jefferies Financial Group reduced their price target on shares of Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a research note on Monday. Wells Fargo & Company reduced their price target on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. William Blair reaffirmed an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $52.00 price target on shares of Five9 in a research note on Friday, April 4th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Five9 has a consensus rating of "Moderate Buy" and a consensus price target of $50.17.

Five9 Stock Up 0.2 %

Shares of Five9 stock traded up $0.06 during midday trading on Monday, hitting $25.12. The company's stock had a trading volume of 3,974,845 shares, compared to its average volume of 1,630,780. The firm has a market capitalization of $1.92 billion, a P/E ratio of -125.59, a PEG ratio of 9.41 and a beta of 1.29. The stock has a 50-day simple moving average of $28.73 and a 200-day simple moving average of $35.05. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a 1-year low of $21.04 and a 1-year high of $60.76.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). The business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. As a group, sell-side analysts expect that Five9 will post 0.28 earnings per share for the current year.

Insider Activity

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the transaction, the executive vice president now owns 126,359 shares in the company, valued at approximately $4,220,390.60. This represents a 5.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Leena Mansharamani sold 1,135 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the transaction, the chief accounting officer now owns 47,165 shares of the company's stock, valued at approximately $1,424,383. This trade represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,574 shares of company stock valued at $1,004,346. Company insiders own 1.60% of the company's stock.

Institutional Trading of Five9

A number of institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new stake in Five9 during the first quarter valued at $433,000. Ameritas Advisory Services LLC raised its holdings in Five9 by 116.4% during the first quarter. Ameritas Advisory Services LLC now owns 23,811 shares of the software maker's stock valued at $650,000 after buying an additional 12,806 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in Five9 during the first quarter valued at about $1,402,000. Oppenheimer & Co. Inc. raised its holdings in Five9 by 54.5% during the first quarter. Oppenheimer & Co. Inc. now owns 76,069 shares of the software maker's stock valued at $2,065,000 after buying an additional 26,836 shares in the last quarter. Finally, Advisor Resource Council bought a new position in Five9 during the first quarter valued at about $1,885,000. Institutional investors and hedge funds 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, 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.