.jpg "Five9 (NASDAQ: FIVN)")
Needham analyst Scott Berg maintained a Buy rating on Five9 (NASDAQ: FIVN) today and set a price target of $50. The company’s shares opened today at $46.29, close to its 52-week high of $46.75.
According to TipRanks.com, Berg is a 5-star analyst with an average return of 15.5% and a 66.7% success rate. Berg covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Medidata Solutions, and Ultimate Software.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Five9 with a $43.50 average price target.
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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 108 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.
