RBC Capital Remains a Buy on Five9 (FIVN)

In a report released on January 13, Rishi Jaluria from RBC Capital maintained a Buy rating on Five9, with a price target of $35.00. The company’s shares closed yesterday at $18.84.

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According to TipRanks, Jaluria is an analyst with an average return of -4.6% and a 49.90% success rate. Jaluria covers the Technology sector, focusing on stocks such as Guidewire, Oracle, and NICE.

In addition to RBC Capital, Five9 also received a Buy from Needham’s Scott Berg in a report issued yesterday. However, on January 5, Piper Sandler downgraded Five9 (NASDAQ: FIVN) to a Hold.

Based on Five9’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $285.83 million and a net profit of $17.97 million. In comparison, last year the company earned a revenue of $264.18 million and had a GAAP net loss of $4.48 million

Based on the recent corporate insider activity of 56 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. Last month, Tiffany N. Meriweather, the Chief Admin. & Legal Officer of FIVN sold 6,852.00 shares for a total of $139,438.20.