Brokerages Set Five9 Inc (FIVN) PT at $26.75

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.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://ledgergazette.com/2018/02/19/brokerages-set-five9-inc-fivn-pt-at-26-75.html.

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).

Analyst Recommendations for Five9 (NASDAQ:FIVN)

Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply