Traders Buy Large Volume of Put Options on Five9 (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) saw unusually large options trading on Friday. Stock investors acquired 10,416 put options on the company. This is an increase of 76% compared to the average volume of 5,918 put options.

Five9 Stock Performance

Shares of NASDAQ FIVN traded up $0.08 during trading on Friday, reaching $20.82. 431,406 shares of the stock traded hands, compared to its average volume of 1,955,965. The company has a debt-to-equity ratio of 0.96, a current ratio of 4.61 and a quick ratio of 4.61. The stock has a market capitalization of $1.63 billion, a P/E ratio of 57.75, a price-to-earnings-growth ratio of 1.27 and a beta of 1.35. Five9 has a 52-week low of $17.71 and a 52-week high of $49.90. The company has a 50-day moving average of $21.62 and a 200-day moving average of $25.00.

Five9 (NASDAQ:FIVN) last posted its earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. The business 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%. Analysts forecast that Five9 will post 0.28 EPS for the current fiscal year.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FIVN. Global Retirement Partners LLC lifted its stake in Five9 by 81.7% during the third quarter. Global Retirement Partners LLC now owns 1,228 shares of the software maker’s stock worth $30,000 after purchasing an additional 552 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in Five9 during the second quarter valued at about $32,000. Quarry LP bought a new position in shares of Five9 in the 3rd quarter worth approximately $33,000. Advisory Services Network LLC bought a new stake in shares of Five9 during the third quarter valued at approximately $38,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Five9 in the third quarter worth $45,000. Institutional investors own 96.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Cantor Fitzgerald cut their price target on Five9 from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Morgan Stanley set a $30.00 target price on shares of Five9 in a research note on Tuesday, October 21st. Barclays decreased their price objective on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Piper Sandler reduced their target price on Five9 from $31.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Five9 in a research report on Monday. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Five9 has a consensus rating of “Moderate Buy” and an average target price of $35.19.

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.