Five9 Sees Unusually High Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 8,504 call options on the company. This represents an increase of approximately 2,115% compared to the average volume of 384 call options.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FIVN. Barclays dropped their target price on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Wells Fargo & Company decreased their price target on shares of Five9 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Zacks Research lowered Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Wall Street Zen cut Five9 from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Piper Sandler decreased their target price on Five9 from $31.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.19.

Five9 Price Performance

Shares of FIVN opened at $19.69 on Wednesday. The firm has a 50-day simple moving average of $21.81 and a two-hundred day simple moving average of $25.06. The stock has a market cap of $1.54 billion, a PE ratio of 54.69, a P/E/G ratio of 1.23 and a beta of 1.35. Five9 has a 1-year low of $17.71 and a 1-year high of $49.90. The company has a debt-to-equity ratio of 0.96, a current ratio of 4.61 and a quick ratio of 4.61.

Five9 (NASDAQ:FIVN) last released its earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share (EPS) for the quarter. The firm had revenue of $283.27 million during the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%. As a group, analysts forecast that Five9 will post 0.28 EPS for the current year.

Five9 announced that its board has authorized a share buyback plan on Tuesday, November 11th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the software maker to repurchase up to 3.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Five9 news, President Andy Dignan sold 7,614 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $25.48, for a total transaction of $194,004.72. Following the transaction, the president owned 218,125 shares in the company, valued at approximately $5,557,825. This represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tiffany N. Meriweather sold 7,861 shares of Five9 stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $25.72, for a total transaction of $202,184.92. Following the completion of the sale, the insider directly owned 218,978 shares in the company, valued at $5,632,114.16. This represents a 3.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 53,738 shares of company stock valued at $1,380,677 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Voss Capital LP boosted its holdings in shares of Five9 by 40.0% during the third quarter. Voss Capital LP now owns 4,550,000 shares of the software maker’s stock worth $110,110,000 after purchasing an additional 1,300,000 shares during the last quarter. Danske Bank A S purchased a new position in Five9 during the third quarter worth about $799,000. Advisory Services Network LLC acquired a new stake in Five9 in the 3rd quarter worth about $38,000. CANADA LIFE ASSURANCE Co boosted its stake in Five9 by 26.2% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 163,522 shares of the software maker’s stock worth $4,164,000 after buying an additional 33,898 shares during the last quarter. Finally, Woodline Partners LP grew its holdings in Five9 by 99.2% in the 3rd quarter. Woodline Partners LP now owns 19,877 shares of the software maker’s stock valued at $481,000 after buying an additional 9,897 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.

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.