Roth Capital analyst Richard Baldry reiterated a Buy rating on Five9 (NASDAQ: FIVN) yesterday and set a price target of $45. The company’s shares opened today at $39.57, close to its 52-week high of $43.30.
According to TipRanks.com, Baldry is a top 100 analyst with an average return of 27.7% and a 72.8% success rate. Baldry covers the Technology sector, focusing on stocks such as OptimizeRx Corporation, Ultimate Software, and Salesforce.com.
Currently, the analyst consensus on Five9 is a Moderate Buy with an average price target of $43.33, implying a 9.5% upside from current levels. In a report released yesterday, Canaccord Genuity also reiterated a Buy rating on the stock with a $42 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 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.
