Shares of Five9, Inc. (NASDAQ:FIVN) have been assigned a consensus rating of “Buy” from the eight brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $22.29.

A number of equities analysts recently issued reports on FIVN shares. Zacks Investment Research downgraded shares of Five9 from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 price target (up previously from $18.00) on shares of Five9 in a report on Thursday, July 20th. Northland Securities set a $25.00 price target on shares of Five9 and gave the company a “buy” rating in a report on Wednesday, July 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $26.00 price target (up previously from $21.00) on shares of Five9 in a report on Wednesday, August 9th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price target on shares of Five9 in a report on Monday, May 1st.

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In other news, EVP Gaurav Passi sold 3,750 shares of Five9 stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $22.12, for a total transaction of $82,950.00. Following the sale, the executive vice president now owns 126,156 shares in the company, valued at $2,790,570.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Burkland sold 12,484 shares of Five9 stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $21.00, for a total transaction of $262,164.00. Following the sale, the chief executive officer now owns 976,091 shares in the company, valued at approximately $20,497,911. The disclosure for this sale can be found here. Insiders have sold 97,034 shares of company stock worth $2,133,490 in the last ninety days. Insiders own 9.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC boosted its stake in Five9 by 107.2% in the fourth quarter. Teachers Advisors LLC now owns 162,982 shares of the software maker’s stock valued at $2,313,000 after buying an additional 84,304 shares during the last quarter. Granite Investment Partners LLC bought a new stake in Five9 during the first quarter valued at about $10,710,000. Shell Asset Management Co. boosted its stake in Five9 by 2.5% in the first quarter. Shell Asset Management Co. now owns 679,582 shares of the software maker’s stock valued at $11,186,000 after buying an additional 16,275 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Five9 by 19.4% in the first quarter. Russell Investments Group Ltd. now owns 1,005,199 shares of the software maker’s stock valued at $16,545,000 after buying an additional 163,654 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Five9 by 124.1% in the first quarter. Wells Fargo & Company MN now owns 1,400,229 shares of the software maker’s stock valued at $23,048,000 after buying an additional 775,345 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Shares of Five9 (NASDAQ:FIVN) traded down 0.05% on Wednesday, hitting $20.75. 752,231 shares of the stock traded hands. The stock’s market cap is $1.14 billion. Five9 has a 52 week low of $12.58 and a 52 week high of $24.80. The stock has a 50 day moving average price of $21.55 and a 200-day moving average price of $19.78.

About Five9

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)

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