Stephens Reaffirms Their Buy Rating on Five9 (FIVN)
Stephens analyst Ryan MacWilliams maintained a Buy rating on Five9 (FIVN) today and set a price target of $205.00. The company’s shares closed last Wednesday at $179.50.
According to TipRanks.com, MacWilliams is a 5-star analyst with an average return of 33.5% and a 79.5% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Vonage Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Five9 with a $202.31 average price target, representing a 12.5% upside. In a report issued on April 19, Wells Fargo also maintained a Buy rating on the stock with a $220.00 price target.
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The company has a one-year high of $201.75 and a one-year low of $89.00. Currently, Five9 has an average volume of 762.3K.
Based on the recent corporate insider activity of 71 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 specializes in omnichannel routing, analytics, workforce organization, and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.