Shares of Five9 Inc. (NASDAQ:FIVN) have received an average recommendation of “Buy” from the fourteen analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $26.00.
A number of equities research analysts have recently weighed in on the company. BidaskClub downgraded Five9 from a “strong-buy” rating to a “buy” rating in a report on Friday, April 6th. ValuEngine upgraded Five9 from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Roth Capital reiterated a “buy” rating on shares of Five9 in a report on Thursday, February 22nd. KeyCorp reiterated an “equal weight” rating on shares of Five9 in a report on Thursday, March 15th. Finally, Barclays reiterated an “equal weight” rating and issued a $28.00 price target (up from $27.00) on shares of Five9 in a report on Thursday, February 22nd.
Shares of FIVN traded up $0.29 during trading on Thursday, reaching $28.54. The company’s stock had a trading volume of 146,107 shares, compared to its average volume of 394,294. Five9 has a twelve month low of $16.37 and a twelve month high of $32.47. The firm has a market cap of $1,615.46, a price-to-earnings ratio of -167.88 and a beta of 0.14. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.85.
In related news, CEO Barry Zwarenstein sold 5,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $25.80, for a total transaction of $129,000.00. Following the completion of the transaction, the chief executive officer now directly owns 162,760 shares in the company, valued at approximately $4,199,208. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael Burkland sold 227,341 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $30.89, for a total value of $7,022,563.49. Following the transaction, the director now owns 265,310 shares of the company’s stock, valued at $8,195,425.90. The disclosure for this sale can be found here. Insiders sold a total of 674,951 shares of company stock valued at $19,603,720 over the last quarter. Company insiders own 9.10% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Fortaleza Asset Management Inc. bought a new position in Five9 during the 4th quarter worth $157,000. Envestnet Asset Management Inc. bought a new position in Five9 during the 3rd quarter worth $195,000. Xact Kapitalforvaltning AB bought a new position in Five9 during the 4th quarter worth $201,000. Janney Montgomery Scott LLC bought a new position in Five9 during the 3rd quarter worth $211,000. Finally, Invictus RG bought a new position in Five9 during the 4th quarter worth $267,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.
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Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers virtual contact center cloud platform that delivers a suite of applications which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.
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