Five9 (FIVN) Given Coverage Optimism Score of 0.14
Media stories about Five9 (NASDAQ:FIVN) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Five9 earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 45.836406721534 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Five9 Named ‘Hot Vendor’ For Digital Communications By Aragon Research (thestreet.com)
- Five9 Named ‘Hot Vendor’ for Digital Communications by Aragon Research (finance.yahoo.com)
- Head-To-Head Contrast: Five9 (FIVN) & PTC (PTC) (americanbankingnews.com)
- Five9, Inc. (FIVN) CFO Sells $273,790.00 in Stock (americanbankingnews.com)
- Northland Securities Believes Five9 (NASDAQ: FIVN) Won’t Stop Here $FIVN https://t.co/UOkTp9BcTr (4-traders.com)
A number of research firms recently commented on FIVN. Needham & Company LLC reissued a “buy” rating and issued a $26.00 price target (up from $21.00) on shares of Five9 in a research report on Wednesday, August 9th. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Tuesday, July 4th. Northland Securities reissued a “buy” rating and issued a $25.00 price target on shares of Five9 in a research report on Wednesday. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price target (up from $18.00) on shares of Five9 in a research report on Thursday, July 20th. Finally, Canaccord Genuity increased their price target on Five9 from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $23.00.
Shares of Five9 (FIVN) traded down 0.04% during midday trading on Thursday, hitting $25.27. The stock had a trading volume of 471,370 shares. The stock’s market cap is $1.39 billion. The stock’s 50-day moving average is $21.93 and its 200-day moving average is $20.94. Five9 has a 12 month low of $12.58 and a 12 month high of $25.67.
In other news, EVP Scott Welch sold 3,903 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $20.88, for a total value of $81,494.64. Following the completion of the transaction, the executive vice president now owns 136,799 shares in the company, valued at $2,856,363.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Barry Zwarenstein sold 11,000 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $24.89, for a total value of $273,790.00. Following the completion of the transaction, the chief financial officer now owns 123,698 shares of the company’s stock, valued at approximately $3,078,843.22. The disclosure for this sale can be found here. Insiders sold 114,007 shares of company stock valued at $2,489,510 in the last 90 days. Company insiders own 9.10% of the company’s stock.
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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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