KeyCorp reaffirmed their buy rating on shares of Five9, Inc. (NASDAQ:FIVN) in a report released on Friday morning. KeyCorp currently has a $27.00 price target on the software maker’s stock.
A number of other analysts have also recently issued reports on the company. Northland Securities set a $25.00 price objective on Five9 and gave the company a buy rating in a research report on Wednesday, July 19th. Morgan Stanley reissued an equal weight rating and set a $21.00 price objective (up previously from $18.00) on shares of Five9 in a research report on Thursday, July 20th. Zacks Investment Research raised Five9 from a hold rating to a buy rating and set a $24.00 price objective for the company in a research report on Tuesday, July 4th. Canaccord Genuity lifted their price objective on Five9 from $25.00 to $26.00 and gave the company a buy rating in a research report on Wednesday, September 27th. Finally, Needham & Company LLC reissued a buy rating and set a $26.00 price objective (up previously from $21.00) on shares of Five9 in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Five9 has an average rating of Buy and a consensus target price of $23.00.
Five9 (FIVN) traded up 1.93% during trading on Friday, hitting $24.86. The stock had a trading volume of 304,599 shares. The firm’s 50 day moving average is $23.74 and its 200 day moving average is $21.81. Five9 has a 1-year low of $12.58 and a 1-year high of $26.00. The firm’s market cap is $1.37 billion.
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In other Five9 news, CFO Barry Zwarenstein sold 13,024 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $21.25, for a total value of $276,760.00. Following the completion of the sale, the chief financial officer now owns 123,698 shares of the company’s stock, valued at $2,628,582.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $24.88, for a total value of $248,800.00. Following the completion of the sale, the executive vice president now directly owns 146,436 shares of the company’s stock, valued at approximately $3,643,327.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,385 shares of company stock valued at $2,231,572. Insiders own 9.10% of the company’s stock.
Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA lifted its position in shares of Five9 by 4,389.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after buying an additional 5,443 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of Five9 in the second quarter worth about $202,000. Principal Financial Group Inc. acquired a new stake in shares of Five9 in the second quarter worth about $219,000. D.A. Davidson & CO. lifted its position in shares of Five9 by 20.8% in the second quarter. D.A. Davidson & CO. now owns 11,476 shares of the software maker’s stock worth $246,000 after buying an additional 1,976 shares during the last quarter. Finally, Wolverine Trading LLC lifted its position in shares of Five9 by 4.5% in the second quarter. Wolverine Trading LLC now owns 12,036 shares of the software maker’s stock worth $254,000 after buying an additional 522 shares during the last quarter. 91.00% of the stock is owned by institutional investors.
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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