Five9 Inc (NASDAQ:FIVN) has received an average rating of “Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $26.75.
Several brokerages have weighed in on FIVN. SunTrust Banks began coverage on shares of Five9 in a research note on Wednesday, January 31st. They set a “buy” rating and a $30.00 target price for the company. Morgan Stanley increased their target price on shares of Five9 from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. BidaskClub raised shares of Five9 from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th. Canaccord Genuity reaffirmed a “buy” rating and set a $28.00 target price on shares of Five9 in a research note on Thursday, November 9th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $29.00 target price (up previously from $27.00) on shares of Five9 in a research note on Wednesday, November 8th.
Shares of Five9 (NASDAQ FIVN) traded down $0.31 during mid-day trading on Wednesday, reaching $26.78. 267,700 shares of the company’s stock traded hands, compared to its average volume of 346,733. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $1,490.33, a price-to-earnings ratio of -191.27 and a beta of 0.26. Five9 has a one year low of $15.77 and a one year high of $27.81.
In other news, President Daniel P. Burkland sold 5,623 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $23.70, for a total transaction of $133,265.10. Following the sale, the president now owns 130,813 shares of the company’s stock, valued at $3,100,268.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Barry Zwarenstein sold 5,000 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $24.42, for a total transaction of $122,100.00. The disclosure for this sale can be found here. Insiders have sold 265,878 shares of company stock worth $6,557,328 in the last three months. Corporate insiders own 9.10% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of FIVN. Fortaleza Asset Management Inc. acquired a new stake in shares of Five9 during the fourth quarter worth about $157,000. Envestnet Asset Management Inc. acquired a new stake in shares of Five9 during the third quarter worth about $195,000. Tudor Investment Corp ET AL acquired a new stake in shares of Five9 during the second quarter worth about $202,000. Janney Montgomery Scott LLC acquired a new stake in shares of Five9 during the third quarter worth about $211,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Five9 during the second quarter worth about $219,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.
Five9 Company Profile
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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