KeyBanc analyst Brent Bracelin maintained a Hold rating on Five9 (NASDAQ: FIVN) yesterday. The company’s shares closed yesterday at $35.04.
Bracelin observed:
“We are raising estimates and our bull case to $49 from $37 to reflect increasing confidence in the model and new leadership.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 22.2% and a 76.7% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Everbridge Inc.
Currently, the analyst consensus on Five9 is a Moderate Buy with an average price target of $38.67.
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Based on Five9’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.04 million. In comparison, last year the company had a GAAP net loss of $4.01 million.
Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Barry Zwarenstein, the CFO of FIVN bought 10,000 shares for a total of $42,500.
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.
