Five9 Sees Unusually High Options Volume (NASDAQ:FIVN)

by · The Markets Daily

Five9, Inc. (NASDAQ:FIVN – Get Free Report) was the target of some unusual options trading activity on Friday. Traders bought 21,115 put options on the stock. This represents an increase of approximately 361% compared to the typical volume of 4,580 put options.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FIVN. DA Davidson set a $24.00 price target on Five9 in a report on Thursday, December 18th. HSBC raised shares of Five9 to a “buy” rating in a research note on Thursday, December 18th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Five9 in a report on Thursday, December 18th. Wall Street Zen cut Five9 from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 20th. Finally, Cantor Fitzgerald dropped their price objective on Five9 from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.93.

Get Our Latest Stock Analysis on Five9

Five9 Stock Up 0.7%

NASDAQ:FIVN traded up $0.14 during mid-day trading on Friday, hitting $19.85. The company had a trading volume of 600,596 shares, compared to its average volume of 1,939,216. The business has a fifty day simple moving average of $21.03 and a 200-day simple moving average of $24.33. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 55.16, a PEG ratio of 1.22 and a beta of 1.35. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.96. Five9 has a 1 year low of $17.71 and a 1 year high of $49.90.

Five9 (NASDAQ:FIVN – Get Free Report) last announced its earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share (EPS) for the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%.The business had revenue of $283.27 million for the quarter. Equities analysts forecast that Five9 will post 0.28 earnings per share for the current fiscal year.

Five9 declared that its board has approved a stock buyback plan on Tuesday, November 11th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the software maker to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity at Five9

In other Five9 news, CRO Matthew E. Tuckness sold 5,255 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $20.35, for a total transaction of $106,939.25. Following the transaction, the executive owned 176,379 shares in the company, valued at approximately $3,589,312.65. This represents a 2.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tiffany N. Meriweather sold 6,852 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $20.35, for a total value of $139,438.20. Following the completion of the transaction, the insider directly owned 212,126 shares in the company, valued at $4,316,764.10. This represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 66,739 shares of company stock valued at $1,364,010 over the last 90 days. 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 FIVN. Nisa Investment Advisors LLC lifted its stake in Five9 by 36.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,630 shares of the software maker’s stock valued at $39,000 after buying an additional 435 shares during the last quarter. State of Wyoming grew its position in shares of Five9 by 11.5% during the first quarter. State of Wyoming now owns 5,260 shares of the software maker’s stock worth $143,000 after acquiring an additional 543 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Five9 by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 69,189 shares of the software maker’s stock worth $1,832,000 after acquiring an additional 549 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Five9 by 81.7% in the 3rd quarter. Global Retirement Partners LLC now owns 1,228 shares of the software maker’s stock worth $30,000 after acquiring an additional 552 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in Five9 by 3.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 18,685 shares of the software maker’s stock valued at $495,000 after purchasing an additional 583 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Company Profile

(Get Free Report)

Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.

Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.

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