Bank of America Corp. reissued their sell rating on shares of Five9 Inc. (NASDAQ:FIVN) in a research report released on Wednesday morning. The brokerage currently has a $13.00 price target on the stock.

FIVN has been the subject of a number of other reports. Barclays PLC lifted their price target on shares of Five9 from $14.00 to $15.00 and gave the stock an overweight rating in a report on Thursday, August 4th. Needham & Company LLC lifted their price target on shares of Five9 from $15.00 to $18.00 and gave the stock a buy rating in a report on Wednesday, November 2nd. Finally, Zacks Investment Research raised shares of Five9 from a hold rating to a buy rating and set a $18.00 target price on the stock in a research report on Tuesday, October 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $15.13.

Analyst Recommendations for Five9 (NASDAQ:FIVN)

Shares of Five9 (NASDAQ:FIVN) traded up 1.93% during midday trading on Wednesday, hitting $15.28. 168,793 shares of the company’s stock were exchanged. Five9 has a 1-year low of $5.60 and a 1-year high of $16.40. The stock’s market cap is $809.35 billion. The stock’s 50 day moving average is $14.53 and its 200-day moving average is $12.95.

In other news, major shareholder Adams Street Partners Llc sold 989,130 shares of Five9 stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $14.11, for a total transaction of $13,956,624.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Burkland sold 12,000 shares of Five9 stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $14.01, for a total transaction of $168,120.00. Following the sale, the chief executive officer now owns 953,000 shares in the company, valued at approximately $13,351,530. The disclosure for this sale can be found here. Company insiders own 40.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of FIVN. California Public Employees Retirement System raised its stake in Five9 by 3.3% in the second quarter. California Public Employees Retirement System now owns 15,500 shares of the company’s stock worth $184,000 after buying an additional 500 shares in the last quarter. California State Teachers Retirement System raised its stake in Five9 by 0.7% in the third quarter. California State Teachers Retirement System now owns 69,766 shares of the company’s stock worth $1,094,000 after buying an additional 500 shares in the last quarter. Palisade Capital Management LLC NJ raised its stake in Five9 by 0.5% in the third quarter. Palisade Capital Management LLC NJ now owns 154,525 shares of the company’s stock worth $2,423,000 after buying an additional 775 shares in the last quarter. Rhumbline Advisers raised its stake in Five9 by 4.1% in the third quarter. Rhumbline Advisers now owns 30,803 shares of the company’s stock worth $483,000 after buying an additional 1,200 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in Five9 by 2.6% in the second quarter. Nationwide Fund Advisors now owns 62,584 shares of the company’s stock worth $745,000 after buying an additional 1,561 shares in the last quarter. Institutional investors own 82.08% of the company’s stock.

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. It facilitates over three billion interactions between its 2,000 clients and clients’ customers per year.

5 Day Chart for NASDAQ:FIVN

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