Five9, Inc. (NASDAQ:FIVN – Get a rating) saw unusual options trading on Tuesday. Traders bought 8,504 call options on the company. This is an increase of approximately 2,115% over the average volume of 384 call options.
Shares of NASDAQ FIVN opened at $100.90 on Wednesday. The company’s fifty-day moving average is $106.31 and its 200-day moving average is $128.64. The stock has a market capitalization of $7.01 billion, a price-earnings ratio of -129.36 and a beta of 0.51. Five9 has a 12-month low of $80.52 and a 12-month high of $211.68. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt ratio of 3.64.
Five9 (NASDAQ:FIVN – Get a rating) last released its quarterly earnings data on Wednesday, February 23. The software maker reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Five9 had a negative net margin of 8.69% and a negative return on equity of 15.45%. The company posted revenue of $173.60 million in the quarter, versus a consensus estimate of $165.41 million. In the same period a year earlier, the company posted earnings per share of $0.10. The company’s revenue increased by 35.7% compared to the same quarter last year. On average, research analysts expect Five9 to post -0.66 EPS for the current fiscal year.
A number of brokerages have recently commented on FIVN. Morgan Stanley lowered its price target on Five9 from $180.00 to $160.00 and set an “overweight” rating for the company in a Tuesday, February 22 research report. Barclays reduced its price target on Five9 from $215.00 to $175.00 and set an “overweight” rating on the stock in a Thursday, February 24 research note. Jefferies Financial Group upgraded Five9 from a “hold” rating to a “buy” rating and set a price target of $180.00 on the stock in a Thursday, Jan. 6 research note. Colliers Securities reworded a “buy” rating and set a price target of $200.00 on shares of Five9 in a Thursday, Feb. 24 research note. To finish, StockNews.com assumed coverage on Five9 in a Thursday, March 31, research note. They put a “sell” mark on the stock. Two equity research analysts gave the stock a sell rating, four issued a hold rating and sixteen gave the stock a buy rating. According to data from MarketBeat, Five9 has an average rating of “Buy” and a consensus price target of $165.05.
In related news, EVP Scott Welch sold 4,843 shares of the company in a trade that took place on Friday, March 4. The stock was sold at an average price of $98.46, for a total transaction of $476,841.78. The transaction was disclosed in an SEC filing, available at this link. Also, CFO Barry Zwarenstein sold 10,000 shares of Five9 in a trade that took place on Monday, April 18. The shares were sold at an average price of $108.74, for a total value of $1,087,400.00. Following the closing of the transaction, the CFO now owns 79,088 shares of the company, valued at $8,600,029.12. Disclosure of this sale can be found here. Insiders sold a total of 26,404 shares of the company worth $2,765,135 in the past ninety days. 2.50% of the shares are held by insiders.
Institutional investors have recently increased or reduced their stake in the company. Dupont Capital Management Corp acquired a new position in Five9 in Q3 worth approximately $3,498,000. Versor Investments LP increased its holdings of Five9 shares by 43,049.8% during Q3. Versor Investments LP now owns 601,508 shares of the software maker worth $96,085,000 after acquiring an additional 600,114 shares during the period. Deutsche Bank AG increased its holdings of Five9 shares by 290.3% in Q3. Deutsche Bank AG now owns 433,930 shares of the software maker worth $69,316,000 after acquiring an additional 322,762 shares during the period. Harvest Management LLC bought a new position in Five9 in Q3 worth approximately $3,593,000. Finally, Privium Fund Management UK Ltd bought a new position in Five9 in Q3, valued at around $958,000. Institutional investors hold 96.10% of the company’s shares.
About Five9 (Get a rating)
Five9, Inc, together with its subsidiaries, provides cloud-based software for contact centers in the United States and internationally. The company offers a cloud-based virtual contact center platform that provides a suite of applications, which enables the breadth of customer service, sales and marketing functions related to the contact center.
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