KeyBanc analyst Brent Bracelin maintained a Hold rating on Five9 (NASDAQ: FIVN) today. The company’s shares opened today at $44.52.
Bracelin noted:
“We see an increasingly complementary role for contact center software and CRM as enterprises begin to invest more heavily in improving customer experiences across multiple channels. Adjusting GAAP estimates on higher stock compensation and capex. We are lowering our GAAP estimates and FCF estimates slightly for this year and next to properly account for stock-based compensation expenses that could rise to $17.4M in 2H18 vs. $12.1M in 1H18 and higher capital expenditures of $14.5M in 2H18E vs. $1.1M in 1H18 that were not reflected in our prior estimates. There are no material changes to our non- GAAP EPS estimates, which remain at $0.40 for this year and $0.58 for next. on valuation.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 26.0% and a 78.5% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Everbridge Inc.
Five9 has an analyst consensus of Moderate Buy, with a price target consensus of $44.38, which is a -0.3% downside from current levels. In a report issued on September 7, Barclays also maintained a Hold rating on the stock with a $45 price target.
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The company has a one-year high of $49.50 and a one-year low of $21.20. Currently, Five9 has an average volume of 688.2K.
Based on the recent corporate insider activity of 107 insiders, corporate insider sentiment is negative on the stock. Last 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.
