Zacks: Five9 Inc (NASDAQ:FIVN) Receives Average Recommendation of “Buy” from Brokerages

Five9 Inc (NASDAQ:FIVN) has earned a consensus broker rating score of 1.80 (Buy) from the five analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company.

Brokerages have set a 1-year consensus price target of $9.25 for the company and are expecting that the company will post ($0.12) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Five9 an industry rank of 41 out of 265 based on the ratings given to its competitors.

A number of research firms have commented on FIVN. Northland Securities began coverage on Five9 in a research note on Monday. They issued an “outperform” rating on the stock. Canaccord Genuity restated a “buy” rating and set a $8.00 target price on shares of Five9 in a research report on Wednesday, November 4th. Zacks Investment Research downgraded Five9 from a “buy” rating to a “hold” rating in a research report on Tuesday, November 3rd. Needham & Company LLC restated a “buy” rating and set a $11.00 target price on shares of Five9 in a research report on Tuesday, November 24th. Finally, Barclays dropped their target price on Five9 from $9.00 to $7.00 in a research report on Friday, October 9th.

Five9 (NASDAQ:FIVN) opened at 8.70 on Monday. The firm’s market cap is $439.38 million. The company has a 50 day moving average price of $7.05 and a 200-day moving average price of $5.20. Five9 has a 52-week low of $3.48 and a 52-week high of $9.06.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.05. During the same period in the prior year, the firm posted ($0.15) EPS. The business earned $32.29 million during the quarter, compared to analyst estimates of $30.58 million. Five9’s revenue for the quarter was up 24.8% compared to the same quarter last year. Equities research analysts anticipate that Five9 will post ($0.38) EPS for the current year.

12 Month Chart for NASDAQ:FIVN

Five9 Inc. (NASDAQ:FIVN) 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 facilitates over three billion interactions between its 2,000 clients and clients’ customers per year. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, email, Web, social media and mobile channels, either directly or through its application programming interface. The Company’s VCC cloud platform matches each customer interaction with an appropriate agent resource and delivers relevant customer data to the agent in real-time through integrations with adjacent enterprise applications, such as customer relationship management (CRM) software.

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