Five9 Receives a Rating Update from a Top Analyst

In a report released yesterday, Brent Bracelin from KeyBanc maintained a Hold rating on Five9 (NASDAQ: FIVN). The company’s shares closed yesterday at $30.06, close to its 52-week high of $32.47.

Bracelin observed:

“We view the caliber of this new CEO appointment as validating FIVN’s unique cloud asset and share-gain potential. While our SW rating reflects a balanced risk/reward at 7.4x NTM EV/ S, new leadership could warrant further investigation.”

According to TipRanks.com, Bracelin is a top 100 analyst with an average return of 18.8% and a 75.9% success rate. Bracelin covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Tyler Technologies, and Microsoft Corp.

Five9 has an analyst consensus of Moderate Buy, with a price target consensus of $29.67.

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Based on Five9’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $55.4 million and GAAP net loss of $631K. In comparison, last year the company earned revenue of $47.01 million and had a GAAP net loss of $5.26 million.

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Michael Burkland, a Director at FIVN sold 33,827 shares for a total of $1,054,388.

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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.