Five9 Inc. (NASDAQ:FIVN)’s share price traded down 0.6% during mid-day trading on Monday . The company traded as low as $11.89 and last traded at $11.93, with a volume of 266,489 shares trading hands. The stock had previously closed at $12.00.

A number of equities analysts recently issued reports on the company. Craig Hallum assumed coverage on Five9 in a report on Thursday, June 9th. They issued a “buy” rating and a $16.00 price target for the company. Barclays PLC lowered their price target on Five9 from $11.00 to $7.00 and set an “overweight” rating for the company in a report on Wednesday, June 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price target on shares of Five9 in a report on Monday, May 16th. Bank of America Corp. reaffirmed a “hold” rating and issued a $11.50 price target on shares of Five9 in a report on Wednesday, May 11th. Finally, Roth Capital assumed coverage on Five9 in a report on Thursday, April 14th. They issued a “buy” rating and a $16.00 price target for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $11.94.

The stock’s market capitalization is $627.64 million. The firm’s 50 day moving average is $11.44 and its 200-day moving average is $9.10.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $38 million for the quarter, compared to analyst estimates of $36.06 million. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. On average, analysts predict that Five9 Inc. will post ($0.21) EPS for the current fiscal year.

In other Five9 news, insider Daniel P. Burkland sold 2,603 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $11.58, for a total transaction of $30,142.74. Following the completion of the transaction, the insider now directly owns 124,502 shares in the company, valued at $1,441,733.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $11.85, for a total transaction of $189,600.00. Following the transaction, the chief executive officer now owns 953,000 shares of the company’s stock, valued at $11,293,050. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in Five9 stock. EAM Investors LLC acquired a new stake in shares of Five9 Inc. (NASDAQ:FIVN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 434,059 shares of the company’s stock, valued at approximately $3,776,000. EAM Investors LLC owned approximately 0.86% of Five9 as of its most recent filing with the SEC.

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. It facilitates over three billion interactions between its 2,000 clients and clients’ customers per year.

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