Five9 (FIVN) Receives a Rating Update from a Top Analyst

Needham analyst Scott Berg maintained a Hold rating on Five9 (FIVNResearch Report) today. The company’s shares closed last Tuesday at $195.65, close to its 52-week high of $201.75.

According to, Berg is a top 25 analyst with an average return of 32.5% and a 75.4% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, Cornerstone Ondemand, and BigCommerce Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Five9 with a $202.21 average price target, representing a 1.6% upside. In a report issued on July 19, Colliers Securities also downgraded the stock to Hold.

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Five9’s market cap is currently $13.24B and has a P/E ratio of -279.40. The company has a Price to Book ratio of -191.94.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FIVN in relation to earlier this year. Most recently, in May 2021, Robert Zollars, a Director at FIVN sold 29,759 shares for a total of $4,997,560.

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Five9, Inc. engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization, and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.