Five9, Inc. (NASDAQ:FIVN) has been assigned a consensus recommendation of “Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $26.43.
FIVN has been the subject of a number of research analyst reports. Canaccord Genuity restated a “buy” rating and issued a $28.00 target price on shares of Five9 in a research report on Thursday, November 9th. Zacks Investment Research downgraded Five9 from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. KeyCorp restated a “buy” rating and issued a $27.00 target price on shares of Five9 in a research report on Friday, October 27th. Needham & Company LLC restated a “buy” rating and issued a $30.00 target price on shares of Five9 in a research report on Friday, November 10th. Finally, Northland Securities restated a “buy” rating and issued a $25.00 target price on shares of Five9 in a research report on Friday, September 1st.
In other news, EVP Scott Welch sold 3,902 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $25.30, for a total transaction of $98,720.60. Following the completion of the sale, the executive vice president now owns 105,003 shares in the company, valued at approximately $2,656,575.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gaurav Passi sold 29,398 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $24.99, for a total value of $734,656.02. Following the sale, the executive vice president now owns 106,185 shares of the company’s stock, valued at approximately $2,653,563.15. The disclosure for this sale can be found here. Insiders have sold a total of 838,105 shares of company stock valued at $20,191,083 in the last quarter. Insiders own 9.10% of the company’s stock.
Several large investors have recently made changes to their positions in FIVN. BNP Paribas Arbitrage SA lifted its position in shares of Five9 by 4,389.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock valued at $120,000 after acquiring an additional 5,443 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Five9 during the 3rd quarter valued at $195,000. Tudor Investment Corp ET AL acquired a new stake in shares of Five9 during the 2nd quarter valued at $202,000. Janney Montgomery Scott LLC acquired a new stake in shares of Five9 during the 3rd quarter valued at $211,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Five9 during the 2nd quarter valued at $219,000. Institutional investors own 93.55% of the company’s stock.
Five9 (NASDAQ FIVN) traded down $1.07 on Friday, reaching $23.08. The company’s stock had a trading volume of 818,260 shares, compared to its average volume of 470,082. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.17. Five9 has a 12-month low of $12.58 and a 12-month high of $27.81.
Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $50.08 million during the quarter, compared to the consensus estimate of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. analysts predict that Five9 will post -0.18 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2017/12/04/analysts-set-five9-inc-fivn-target-price-at-26-43.html.
Five9 Company Profile
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).
Receive News & Ratings for Five9 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 Inc. and related companies with MarketBeat.com's FREE daily email newsletter.