Five9 Sees Unusually Large Options Volume (FIVN)
Five9, Inc. (NASDAQ:FIVN) saw unusually large options trading on Friday. Stock traders acquired 813 put options on the company. This represents an increase of approximately Infinity compared to the average daily volume of 0 put options.
Shares of Five9 (FIVN) opened at $25.32 on Monday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04. Five9 has a 12-month low of $12.58 and a 12-month high of $27.81.
Five9 (NASDAQ:FIVN) last posted its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The firm had revenue of $50.08 million for the quarter, compared to analysts’ expectations of $48.20 million. Five9’s revenue for the quarter was up 22.2% compared to the same quarter last year. research analysts predict that Five9 will post -0.19 EPS for the current fiscal year.
Several analysts have weighed in on FIVN shares. Northland Securities reiterated a “buy” rating and issued a $25.00 price objective on shares of Five9 in a research report on Friday, September 1st. Zacks Investment Research downgraded Five9 from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Canaccord Genuity boosted their price objective on Five9 from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, September 27th. KeyCorp reiterated a “buy” rating and issued a $27.00 price objective on shares of Five9 in a research report on Friday, September 22nd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 price objective (up previously from $18.00) on shares of Five9 in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $24.25.
In related news, EVP Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $24.88, for a total value of $248,800.00. Following the completion of the sale, the executive vice president now owns 146,436 shares in the company, valued at approximately $3,643,327.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott Welch sold 3,903 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $20.88, for a total value of $81,494.64. Following the completion of the sale, the executive vice president now owns 136,799 shares of the company’s stock, valued at approximately $2,856,363.12. The disclosure for this sale can be found here. Insiders sold a total of 74,719 shares of company stock valued at $1,658,903 in the last 90 days. 9.10% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in shares of Five9 by 4,389.5% during the second quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock valued at $120,000 after buying an additional 5,443 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Five9 during the second quarter valued at approximately $202,000. Principal Financial Group Inc. purchased a new position in shares of Five9 during the second quarter valued at approximately $219,000. KCG Holdings Inc. purchased a new position in shares of Five9 during the first quarter valued at approximately $236,000. Finally, D.A. Davidson & CO. increased its stake in shares of Five9 by 20.8% during the second quarter. D.A. Davidson & CO. now owns 11,476 shares of the software maker’s stock valued at $246,000 after buying an additional 1,976 shares during the period. 91.67% of the stock is currently owned by hedge funds and other institutional investors.
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Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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