Five9, Inc. (NASDAQ:FIVN)‘s stock had its “buy” rating reiterated by analysts at KeyCorp in a research report issued to clients and investors on Friday. They presently have a $27.00 target price on the software maker’s stock. KeyCorp’s target price would suggest a potential upside of 22.56% from the company’s previous close.

FIVN has been the subject of several other reports. Canaccord Genuity increased their target price on shares of Five9 from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 4th. BidaskClub lowered shares of Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Northland Securities reissued a “buy” rating and issued a $25.00 target price on shares of Five9 in a report on Friday, September 1st. Needham & Company LLC reissued a “buy” rating and issued a $26.00 target price (up from $21.00) on shares of Five9 in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $22.88.

Five9 (NASDAQ:FIVN) opened at 22.01 on Friday. The stock has a 50 day moving average of $21.30 and a 200-day moving average of $20.44. The company’s market capitalization is $1.21 billion. Five9 has a 52-week low of $12.58 and a 52-week high of $24.80.

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In other news, CFO Barry Zwarenstein sold 3,020 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $21.01, for a total transaction of $63,450.20. Following the completion of the transaction, the chief financial officer now directly owns 126,722 shares in the company, valued at approximately $2,662,429.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel P. Burkland sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $22.12, for a total value of $221,200.00. Following the transaction, the executive vice president now owns 146,436 shares of the company’s stock, valued at $3,239,164.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,007 shares of company stock valued at $2,215,720. Insiders own 9.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its position in shares of Five9 by 4,389.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock valued at $120,000 after acquiring an additional 5,443 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Five9 during the 2nd quarter valued at approximately $202,000. Principal Financial Group Inc. bought a new position in shares of Five9 during the 2nd quarter valued at approximately $219,000. Oxford Asset Management bought a new position in shares of Five9 during the 1st quarter valued at approximately $174,000. Finally, D.A. Davidson & CO. boosted its position in shares of Five9 by 20.8% during the 2nd quarter. D.A. Davidson & CO. now owns 11,476 shares of the software maker’s stock valued at $246,000 after acquiring an additional 1,976 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

About Five9

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. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

Analyst Recommendations for Five9 (NASDAQ:FIVN)

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