Analysts Set Five9, Inc. (FIVN) Target Price at $26.43

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.

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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).

Analyst Recommendations for Five9 (NASDAQ:FIVN)

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