SunTrust Banks Begins Coverage on Five9 (FIVN)
SunTrust Banks began coverage on shares of Five9 (NASDAQ:FIVN) in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage issued a buy rating and a $30.00 price target on the software maker’s stock.
FIVN has been the topic of a number of other research reports. KeyCorp reissued a buy rating and issued a $27.00 target price on shares of Five9 in a research report on Friday, October 27th. Zacks Investment Research raised Five9 from a hold rating to a buy rating and set a $28.00 target price on the stock in a research report on Monday, November 13th. ValuEngine raised Five9 from a hold rating to a buy rating in a research report on Friday, November 10th. BidaskClub lowered Five9 from a buy rating to a hold rating in a research report on Saturday, December 2nd. Finally, Barclays lowered Five9 from an overweight rating to an equal weight rating and set a $27.00 target price on the stock. in a research report on Monday, January 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $26.89.
Shares of Five9 (NASDAQ:FIVN) opened at $25.21 on Wednesday. The stock has a market capitalization of $1,441.36, a P/E ratio of -180.06 and a beta of 0.26. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.17. Five9 has a 12-month low of $15.43 and a 12-month high of $27.81.
In other Five9 news, CEO Barry Zwarenstein sold 5,000 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $25.80, for a total value of $129,000.00. Following the completion of the transaction, the chief executive officer now owns 162,760 shares in the company, valued at $4,199,208. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Burkland sold 600,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $24.05, for a total transaction of $14,430,000.00. Following the completion of the transaction, the chief executive officer now owns 1,194,161 shares of the company’s stock, valued at approximately $28,719,572.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 875,877 shares of company stock valued at $21,186,320. Insiders own 9.10% of the company’s stock.
Several large investors have recently bought and sold shares of FIVN. Fortaleza Asset Management Inc. acquired a new position in shares of Five9 in the fourth quarter worth $157,000. Envestnet Asset Management Inc. acquired a new position in shares of Five9 during the third quarter worth $195,000. Tudor Investment Corp ET AL acquired a new position in shares of Five9 during the second quarter worth $202,000. Janney Montgomery Scott LLC acquired a new position in shares of Five9 during the third quarter worth $211,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Five9 during the second quarter worth $219,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
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Five9 Company Profile
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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