Five9 (FIVN) Gets a Hold Rating from KeyBanc


In a report released yesterday, Brent Bracelin from KeyBanc maintained a Hold rating on Five9 (FIVN). The company’s shares closed yesterday at $54.31, close to its 52-week high of $54.92.

Bracelin observed:

“We remain impressed by Five9’s solid execution, strong growth, an expanding leadership team, and favorable secular tailwinds as the large $24B contact center TAM transitions to cloud. That said, investor optimism continues to rise and is partially reflected in the share price now valued at a 2019 EV/S multiple of 11x based on our estimates vs. peers valued at 10.1x 2019 EV/S consensus estimates. We argue a premium valuation is warranted and are raising our bull-case to $70 from $49, applying 9.5x our 2020 bull-case forecast, which assumes annual growth remains above 30%.”

According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 26.3% and a 77.7% success rate. Bracelin covers the Technology sector, focusing on stocks such as Salesforce.com, Everbridge Inc, and Veeva Systems.

Five9 has an analyst consensus of Moderate Buy, with a price target consensus of $51, which is a -6.1% downside from current levels. In a report released yesterday, Stephens also maintained a Hold rating on the stock with a $48 price target.

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The company has a one-year high of $54.92 and a one-year low of $26.50. Currently, Five9 has an average volume of 640.5K.

Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. Last month, Scott Welch, the EVP, Cloud Operations of FIVN sold 1,032 shares for a total of $47,647.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Five9, Inc. engages in the provision of cloud software for contact centers. It operates through United States and International geographical segments. The company was founded in December 2001 and is headquartered in San Ramon, CA.

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