Wells Fargo Keeps Their Hold Rating on Five9 (FIVN)

In a report released yesterday, Ryan MacWilliams from Wells Fargo maintained a Hold rating on Five9, with a price target of $20.00. The company’s shares closed yesterday at $15.73.

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MacWilliams covers the Technology sector, focusing on stocks such as MongoDB, HubSpot, and Atlassian. According to TipRanks, MacWilliams has an average return of 8.9% and a 52.19% success rate on recommended stocks.

Five9 has an analyst consensus of Moderate Buy, with a price target consensus of $27.38, which is a 74.06% upside from current levels. In a report released today, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $17.00 price target.

Based on Five9’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $300.28 million and a net profit of $19.71 million. In comparison, last year the company earned a revenue of $278.66 million and had a net profit of $11.58 million

Based on the recent corporate insider activity of 59 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. Earlier this month, Leena Mansharamani, the SVP & CAO of FIVN sold 1,926.00 shares for a total of $34,417.62.