Five9, Inc. (FIVN) Receives Consensus Recommendation of “Buy” from Brokerages
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.
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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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).
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