Barclays Reiterates Overweight Rating for Five9 (FIVN)
Five9 (NASDAQ:FIVN)‘s stock had its “overweight” rating restated by equities researchers at Barclays in a research report issued on Tuesday. They currently have a $9.00 price target on the stock, down from their previous price target of $10.00. Barclays’ price target would suggest a potential upside of 18.11% from the stock’s previous close.
Five9 (NASDAQ:FIVN) traded down 13.91% on Tuesday, hitting $6.56. The stock had a trading volume of 369,449 shares. Five9 has a 52-week low of $5.12 and a 52-week high of $9.35. The stock’s 50-day moving average is $7.22 and its 200-day moving average is $7.08. The company’s market cap is $316.5 million.
Five9 (NASDAQ:FIVN) last released its earnings data on Monday, August 4th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. The company had revenue of $24.69 million for the quarter, compared to the consensus estimate of $24.87 million. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. Analysts expect that Five9 will post $-1.06 EPS for the current fiscal year.
A number of other firms have also recently commented on FIVN. Analysts at Bank of America downgraded shares of Five9 to a “buy” rating in a research note on Tuesday. They now have a $8.50 price target on the stock, down previously from $10.00. Separately, analysts at Pacific Crest downgraded shares of Five9 from an “outperform” rating to a “sector perform” rating in a research note on Tuesday. Finally, analysts at Canaccord Genuity cut their price target on shares of Five9 from $9.00 to $7.00 in a research note on Tuesday. They now have a “sector perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $10.60.
Five9, Inc (NASDAQ:FIVN) is a provider of cloud software for contact centers.
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