Five9, Inc. (NASDAQ:FIVN) received a $25.00 price objective from stock analysts at Northland Securities in a report issued on Wednesday, July 19th. The firm presently has a “buy” rating on the software maker’s stock. Northland Securities’ target price would indicate a potential upside of 18.20% from the stock’s previous close.
Several other research analysts also recently weighed in on the company. Pacific Crest reiterated a “buy” rating and issued a $22.00 price target on shares of Five9 in a report on Thursday, May 4th. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, July 4th. Morgan Stanley started coverage on Five9 in a report on Tuesday, April 11th. They issued an “equal weight” rating and a $18.00 price target for the company. BidaskClub downgraded Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Canaccord Genuity reissued a “buy” rating and set a $20.00 price objective on shares of Five9 in a research note on Monday, May 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $22.29.
Five9 (NASDAQ FIVN) opened at 21.15 on Wednesday. The stock’s market capitalization is $1.17 billion. Five9 has a 12 month low of $12.58 and a 12 month high of $24.80. The company has a 50-day moving average price of $21.78 and a 200 day moving average price of $19.51.
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In other Five9 news, EVP Gaurav Passi sold 9,093 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $23.96, for a total value of $217,868.28. Following the transaction, the executive vice president now owns 118,882 shares in the company, valued at approximately $2,848,412.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Burkland sold 12,484 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $21.00, for a total transaction of $262,164.00. Following the completion of 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 sold a total of 225,871 shares of company stock worth $4,922,054 in the last quarter. 9.10% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of FIVN. BNP Paribas Arbitrage SA raised its stake in shares of Five9 by 4,389.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after buying an additional 5,443 shares during the period. Oxford Asset Management acquired a new stake in Five9 during the first quarter valued at $174,000. Tudor Investment Corp ET AL acquired a new stake in Five9 during the second quarter valued at $202,000. Principal Financial Group Inc. acquired a new stake in Five9 during the second quarter valued at $219,000. Finally, potrero capital research llc acquired a new stake in Five9 during the first quarter valued at $227,000. Institutional investors and hedge funds own 90.15% 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. 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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