Five9 PT Lowered to $7.00 (FIVN)
Canaccord Genuity decreased their price target on shares of Five9 (NASDAQ:FIVN) from $9.00 to $7.00 in a research note issued on Tuesday. The firm currently has a “sector perform” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 6.71% from the stock’s previous close.
Shares of Five9 (NASDAQ:FIVN) traded down 13.65% during mid-day trading on Tuesday, hitting $6.58. The stock had a trading volume of 499,866 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 $7.20 and its 200-day moving average is $7.08. The company’s market cap is $317.4 million.
Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.20) EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was up 21.7% on a year-over-year basis. Analysts expect that Five9 will post $-1.06 EPS for the current fiscal year.
Separately, analysts at Zacks initiated coverage on shares of Five9 in a research note on Wednesday, May 7th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $10.50.
Five9, Inc (NASDAQ:FIVN) is a provider of cloud software for contact centers.
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