Five9 Receives a Buy from Roth Capital

By Carrie Williams

Roth Capital analyst Richard Baldry reiterated a Buy rating on Five9 (NASDAQ: FIVN) yesterday and set a price target of $22. The company’s shares opened today at $13.90.

Baldry wrote:

“We reiterate our Buy rating and recently increased $22.00 price target.”

According to TipRanks.com, Baldry is a 5-star analyst with an average return of 7.9% and a 55.0% success rate. Baldry covers the Technology sector, focusing on stocks such as Sapiens International Corporation, Interactive Intelligence, and Callidus Software.

Five9 has an analyst consensus of Moderate Buy, with a price target consensus of $17.

The company has a one year high of $16.40 and a one year low of $4.28. Currently, Five9 has an average volume of 479.7K.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. Last month, Jayendra Das, a Director at FIVN sold 167,920 shares for a total of $2,616,194.

Five9, Inc. provides cloud software for contact centers. It helps businesses take advantage of secure, reliable, scalable cloud contact center software to create exceptional customer experiences, increase agent productivity and deliver tangible business results. Five 9 was founded in December 2001 and is headquartered in San Ramon, CA.