Five9 (FIVN) Receives a Buy from Rosenblatt Securities


Rosenblatt Securities analyst Ryan Koontz maintained a Buy rating on Five9 (FIVN) today and set a price target of $114.00. The company’s shares closed last Tuesday at $103.80, close to its 52-week high of $107.96.

According to TipRanks.com, Koontz is a 5-star analyst with an average return of 23.2% and a 68.8% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, Applied Optoelectronics, and Acacia Communications.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Five9 with a $92.14 average price target, implying a -10.9% downside from current levels. In a report issued on May 4, Canaccord Genuity also maintained a Buy rating on the stock with a $100.00 price target.

See today’s analyst top recommended stocks >>

Based on Five9’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $95.09 million and GAAP net loss of $7.44 million. In comparison, last year the company earned revenue of $74.54 million and had a GAAP net loss of $1.92 million.

Based on the recent corporate insider activity of 101 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. Most recently, in March 2020, Kimberly Alexy, a Director at FIVN sold 6,533 shares for a total of $457,310.

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 specializes in omnichannel routing, analytics, workforce organization, and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.

Read More on FIVN:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts