Five9 (FIVN) Receives a Buy from Needham

Needham analyst Scott Berg assigned a Buy rating to Five9 (FIVN) today and set a price target of $200.00. The company’s shares closed last Wednesday at $165.74.

According to, Berg is a top 100 analyst with an average return of 28.1% and a 66.3% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, BigCommerce Holdings, and Cornerstone Ondemand.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Five9 with a $206.05 average price target.

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The company has a one-year high of $201.75 and a one-year low of $92.50. Currently, Five9 has an average volume of 795.9K.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FIVN in relation to earlier this year. Earlier this month, Robert Zollars, a Director at FIVN sold 29,759 shares for a total of $4,997,560.

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Five9, Inc. engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization, and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.

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