Five9 Inc. (FIVN) Receives $15.67 Consensus Price Target from Analysts
Five9 Inc. (NASDAQ:FIVN) has received an average rating of “Buy” from the nine brokerages that are presently covering the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $15.29.
A number of analysts have commented on FIVN shares. Bank of America Corp. cut shares of Five9 from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 20th. Needham & Company LLC upped their target price on shares of Five9 from $15.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 2nd. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, October 4th. Finally, Barclays PLC upped their target price on shares of Five9 from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, August 4th.
Five9 (NASDAQ:FIVN) opened at 15.09 on Tuesday. The company has a 50-day moving average of $14.52 and a 200-day moving average of $12.97. The stock’s market capitalization is $799.29 million. Five9 has a 1-year low of $5.80 and a 1-year high of $16.40.
In related news, insider Daniel P. Burkland sold 2,626 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $15.75, for a total transaction of $41,359.50. Following the completion of the transaction, the insider now directly owns 121,893 shares of the company’s stock, valued at $1,919,814.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott Welch sold 19,528 shares of the firm’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $15.00, for a total transaction of $292,920.00. Following the transaction, the executive vice president now directly owns 218,840 shares of the company’s stock, valued at $3,282,600. The disclosure for this sale can be found here. 40.20% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of FIVN. Harel Insurance Investments & Financial Services Ltd. bought a new position in Five9 during the second quarter valued at $115,000. State Board of Administration of Florida Retirement System bought a new position in Five9 during the second quarter valued at $130,000. BlackRock Inc. boosted its position in Five9 by 721.3% in the second quarter. BlackRock Inc. now owns 11,941 shares of the company’s stock valued at $142,000 after buying an additional 10,487 shares during the last quarter. TFS Capital LLC bought a new position in Five9 during the second quarter valued at $174,000. Finally, California Public Employees Retirement System boosted its position in Five9 by 3.3% in the second quarter. California Public Employees Retirement System now owns 15,500 shares of the company’s stock valued at $184,000 after buying an additional 500 shares during the last quarter. 82.08% of the stock is owned by institutional investors.
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.
Receive News & Stock Ratings for Five9 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 Inc. and related stocks with our FREE daily email newsletter.