Merrill Lynch Reiterates a Sell Rating on Five9

By Jason Carr

In a report released yesterday, Nikolay Beliov from Merrill Lynch reiterated a Sell rating on Five9 (NASDAQ: FIVN), with a price target of $13. The company’s shares closed yesterday at $15.21, close to its 52-week high of $16.40.

According to, Beliov is a 1-star analyst with an average return of -6.8% and a 40.0% success rate. Beliov covers the Technology sector, focusing on stocks such as, Symantec Corp, and FleetMatics.

Five9 has an analyst consensus of Moderate Buy, with a price target consensus of $19.33.

Based on Five9’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $40.98 million and GAAP net loss of $3.89 million. In comparison, last year the company earned revenue of $32.29 million and had a GAAP net loss of $6.05 million.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, 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.