Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

Key Points

• Outlier Options Trading: Five9 experienced a significant surge in options trading, with 8,504 call options purchased, marking a 2,115% increase from its average daily volume of 384 call options.
• Analyst Ratings: Five investment analysts rate the stock with an average of “Moderate Buy,” and the average target price is $37.59, with some firms setting price objectives as high as $40.00 and as low as $23.00.
• Financial Performance: In its latest earnings report, Five9 surpassed earnings expectations, achieving $0.76 per share against a forecast of $0.65, with a quarterly revenue of $283.27 million, representing a 12.4% year-over-year increase.

Five9, Inc. (NASDAQ:FIVN - Get Free Report) was the target of unusually large options trading on Tuesday. Stock investors acquired 8,504 call options on the company. Thisrepresentsanincreaseof2,115% compared to the average daily volume of 384 call options.

Five9 Stock Performance

Shares of FIVN traded up $0.90 on Friday, reaching $26.04. 2,571,787 shares of the company's stock traded hands, compared to its average volume of 1,924,608. The stock's 50 day simple moving average is $27.02 and its two-hundred day simple moving average is $29.23. The stock has a market cap of $2.01 billion, a PE ratio of 289.37, a PEG ratio of 2.47 and a beta of 1.17. Five9 has a 52-week low of $21.04 and a 52-week high of $49.90. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.11. The firm had revenue of $283.27 million during the quarter, compared to analyst estimates of $275.18 million. Five9 had a return on equity of 8.91% and a net margin of 0.80%. The business's revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS. On average, analysts forecast that Five9 will post 0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Panos Kozanian sold 3,816 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total transaction of $107,916.48. Following the transaction, the executive vice president owned 123,218 shares in the company, valued at $3,484,605.04. The trade was a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Leena Mansharamani sold 2,938 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $27.83, for a total transaction of $81,764.54. Following the completion of the sale, the chief accounting officer owned 44,901 shares of the company's stock, valued at $1,249,594.83. The trade was a 6.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,566 shares of company stock valued at $931,354 in the last 90 days. Company insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Voss Capital LP increased its stake in shares of Five9 by 211.4% during the 2nd quarter. Voss Capital LP now owns 3,250,000 shares of the software maker's stock worth $86,060,000 after purchasing an additional 2,206,173 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 purchasing an additional 1,996,628 shares during the period. Ameriprise Financial Inc. increased its position in Five9 by 353.3% in the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker's stock worth $97,356,000 after buying an additional 1,867,137 shares during the last quarter. Norges Bank bought a new stake in shares of Five9 in the second quarter valued at $39,056,000. Finally, Sylebra Capital LLC lifted its position in shares of 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 buying an additional 1,396,496 shares during the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on FIVN shares. Wells Fargo & Company decreased their target price on Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. KeyCorp assumed coverage on Five9 in a research note on Friday, June 6th. They issued an "overweight" rating and a $35.00 price objective for the company. Canaccord Genuity Group reaffirmed a "buy" rating and set a $40.00 target price on shares of Five9 in a research report on Friday, August 1st. Barclays reduced their price target on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Wall Street Zen upgraded shares of Five9 from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.59.

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.