Five9 Inc (NASDAQ:FIVN) has earned an average rating of “Buy” from the twelve research firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $26.75.
Several brokerages have commented on FIVN. SunTrust Banks began coverage on shares of Five9 in a report on Wednesday, January 31st. They set a “buy” rating and a $30.00 target price on the stock. BidaskClub upgraded shares of Five9 from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research downgraded shares of Five9 from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Barclays downgraded shares of Five9 from an “overweight” rating to an “equal weight” rating and set a $27.00 target price on the stock. in a report on Monday, January 8th. Finally, TheStreet upgraded shares of Five9 from a “d” rating to a “c-” rating in a report on Tuesday, November 21st.
In other news, CEO Barry Zwarenstein sold 3,073 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $23.79, for a total transaction of $73,106.67. Following the completion of the transaction, the chief executive officer now directly owns 121,368 shares of the company’s stock, valued at approximately $2,887,344.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott Welch sold 3,902 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 105,003 shares of the company’s stock, valued at $2,656,575.90. The disclosure for this sale can be found here. Insiders have sold a total of 275,877 shares of company stock valued at $6,756,320 over the last ninety days. Company insiders own 9.10% of the company’s stock.
Shares of Five9 (NASDAQ FIVN) opened at $25.50 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.17 and a current ratio of 2.17. The company has a market cap of $1,388.49, a P/E ratio of -182.13 and a beta of 0.26. Five9 has a fifty-two week low of $15.77 and a fifty-two week high of $27.81.
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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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