Traders Purchase High Volume of Five9 Call Options (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN - Get Free Report) was the target of some unusual options trading on Tuesday. Stock investors acquired 8,504 call options on the company. This is an increase of 2,115% compared to the average daily volume of 384 call options.

Wall Street Analysts Forecast Growth

FIVN has been the subject of several analyst reports. William Blair reissued an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Morgan Stanley decreased their target price 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. UBS Group lowered their price target on Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Royal Bank Of Canada upped their price target on Five9 from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Five9 in a report on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Five9 has a consensus rating of "Moderate Buy" and a consensus target price of $43.15.

Insiders Place Their Bets

In other news, CFO Bryan M. Lee sold 1,798 shares of Five9 stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total value of $50,847.44. Following the completion of the sale, the chief financial officer directly owned 126,468 shares of the company's stock, valued at approximately $3,576,515.04. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Andy Dignan sold 4,845 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.18, for a total value of $136,532.10. Following the transaction, the president directly owned 227,839 shares of the company's stock, valued at $6,420,503.02. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,866 shares of company stock valued at $913,042. Insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Five9

Large investors have recently modified their holdings of the business. Quantinno Capital Management LP purchased a new position in shares of Five9 during the 4th quarter worth approximately $287,000. Royal Bank of Canada increased its stake in Five9 by 6.0% in the 4th quarter. Royal Bank of Canada now owns 369,001 shares of the software maker's stock valued at $14,997,000 after purchasing an additional 20,775 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Five9 in the 4th quarter valued at approximately $268,000. Steward Partners Investment Advisory LLC increased its stake in Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Man Group plc purchased a new position in Five9 in the 4th quarter valued at approximately $354,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Stock Performance

Five9 stock traded up $0.86 during mid-day trading on Friday, reaching $27.59. 2,294,640 shares of the company were exchanged, compared to its average volume of 1,767,347. Five9 has a twelve month low of $21.04 and a twelve month high of $49.90. The firm's 50-day simple moving average is $26.99 and its two-hundred day simple moving average is $31.86. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.02 and a current ratio of 2.02. The firm has a market cap of $2.10 billion, a PE ratio of -306.52, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.14. The business had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. Five9 had a positive return on equity of 6.06% and a negative net margin of 0.48%. The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. Equities analysts predict that Five9 will post 0.28 earnings per share for the current fiscal year.

Five9 Company Profile

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.