In a report released today, Scott Berg from Needham assigned a Buy rating to Five9 (FIVN), with a price target of $150.00. The company’s shares closed last Wednesday at $119.86, close to its 52-week high of $131.98.
According to TipRanks.com, Berg is a top 100 analyst with an average return of 21.3% and a 65.5% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, Cornerstone Ondemand, and BigCommerce Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Five9 with a $138.93 average price target, implying a 14.2% upside from current levels. In a report issued on September 8, Piper Sandler also initiated coverage with a Buy rating on the stock with a $133.00 price target.
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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 $77.44 million and had a GAAP net loss of $1.86 million.
Based on the recent corporate insider activity of 91 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.
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.
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