Five9, Inc. (NASDAQ:FIVN) has earned an average rating of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $22.86.

A number of equities analysts recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $26.00 price target (up previously from $21.00) on shares of Five9 in a research note on Wednesday, August 9th. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, July 4th. Northland Securities reissued a “buy” rating and issued a $25.00 price target on shares of Five9 in a research note on Wednesday, October 4th. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price target (up previously from $18.00) on shares of Five9 in a research note on Thursday, July 20th. Finally, Canaccord Genuity lifted their price target on Five9 from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 4th.

In other Five9 news, EVP Daniel P. Burkland sold 10,000 shares of Five9 stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $22.35, for a total transaction of $223,500.00. Following the transaction, the executive vice president now owns 173,498 shares of the company’s stock, valued at approximately $3,877,680.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scott Welch sold 3,903 shares of Five9 stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $20.88, for a total value of $81,494.64. Following the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,856,363.12. The disclosure for this sale can be found here. Insiders sold a total of 101,385 shares of company stock worth $2,206,272 in the last three months. 9.10% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA grew its stake in 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 in the last quarter. Tudor Investment Corp ET AL purchased a new position in Five9 during the 2nd quarter valued at about $202,000. Principal Financial Group Inc. purchased a new position in Five9 during the 2nd quarter valued at about $219,000. Oxford Asset Management purchased a new position in Five9 during the 1st quarter valued at about $174,000. Finally, D.A. Davidson & CO. grew its stake in Five9 by 20.8% during the 2nd quarter. D.A. Davidson & CO. now owns 11,476 shares of the software maker’s stock valued at $246,000 after acquiring an additional 1,976 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Shares of Five9 (NASDAQ FIVN) opened at 25.30 on Thursday. The company has a 50-day moving average of $22.63 and a 200-day moving average of $21.20. The firm’s market capitalization is $1.39 billion. Five9 has a 52 week low of $12.58 and a 52 week high of $26.00.

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About Five9

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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