In a report released today, Ryan Koontz from Rosenblatt Securities maintained a Buy rating on Five9 (FIVN), with a price target of $85.00. The company’s shares closed last Monday at $78.75, close to its 52-week high of $80.58.
According to TipRanks.com, Koontz is a 5-star analyst with an average return of 28.8% and a 75.5% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as Lumentum Holdings, Juniper Networks, and Arista Networks.
Currently, the analyst consensus on Five9 is a Moderate Buy with an average price target of $80.00, a 3.2% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $90.00 price target.
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Based on Five9’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $836K. In comparison, last year the company had a net profit of $3.73 million.
Based on the recent corporate insider activity of 113 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.
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Five9, Inc. engages in the provision of cloud software for contact centers. It offers end-to-end solutions with omnichannel routing, analytics, WFO, and AI to increase agent productivity and deliver tangible business results. The company was founded in December 2001 and is headquartered in San Ramon, CA.
