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Evercore ISI Sticks to Its Buy Rating for Five9 (FIVN)

In a report issued on July 28, Peter Levine from Evercore ISI reiterated a Buy rating on Five9 (FIVNResearch Report), with a price target of $130.00. The company’s shares closed last Friday at $108.12.

According to TipRanks.com, Levine is a 1-star analyst with an average return of -2.8% and a 38.1% success rate. Levine covers the Technology sector, focusing on stocks such as Zoom Video Communications, Bill.com Holdings, and Coupa Software.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Five9 with a $138.22 average price target, representing a 28.7% upside. In a report issued on July 13, Piper Sandler also maintained a Buy rating on the stock with a $150.00 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 $183 million and GAAP net loss of $34.12 million. In comparison, last year the company earned revenue of $138 million and had a GAAP net loss of $12.33 million.

Based on the recent corporate insider activity of 75 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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