Fintel reports that on May 18, 2023, Needham reiterated coverage of Five9 (NASDAQ:FIVN) with a Buy recommendation.
Analyst Price Forecast Suggests 50.90% Upside
As of May 11, 2023, the average one-year price target for Five9 is 85.42. The forecasts range from a low of 61.61 to a high of $110.25. The average price target represents an increase of 50.90% from its latest reported closing price of 56.61.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Five9 is 919MM, an increase of 12.81%. The projected annual non-GAAP EPS is 1.60.
What is the Fund Sentiment?
There are 777 funds or institutions reporting positions in Five9. This is an increase of 6 owner(s) or 0.78% in the last quarter. Average portfolio weight of all funds dedicated to FIVN is 0.40%, a decrease of 16.11%. Total shares owned by institutions decreased in the last three months by 4.42% to 87,878K shares. 
The put/call ratio of FIVN is 0.51, indicating a bullish outlook.
What are Other Shareholders Doing?
Pictet Asset Management holds 3,856K shares representing 5.42% ownership of the company. In it's prior filing, the firm reported owning 2,346K shares, representing an increase of 39.16%. The firm decreased its portfolio allocation in FIVN by 17.14% over the last quarter.
Wasatch Advisors holds 3,589K shares representing 5.04% ownership of the company. In it's prior filing, the firm reported owning 3,558K shares, representing an increase of 0.87%. The firm decreased its portfolio allocation in FIVN by 0.61% over the last quarter.
Sylebra Capital holds 2,577K shares representing 3.62% ownership of the company. In it's prior filing, the firm reported owning 2,495K shares, representing an increase of 3.17%. The firm decreased its portfolio allocation in FIVN by 13.14% over the last quarter.
Wellington Management Group Llp holds 2,427K shares representing 3.41% ownership of the company. In it's prior filing, the firm reported owning 3,691K shares, representing a decrease of 52.08%. The firm decreased its portfolio allocation in FIVN by 90.23% over the last quarter.
VEXPX - VANGUARD EXPLORER FUND Investor Shares holds 2,208K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 1,841K shares, representing an increase of 16.59%. The firm increased its portfolio allocation in FIVN by 47.23% over the last quarter.
Five9 Background Information
(This description is provided by the company.)
Five9 is an industry-leading provider of cloud contact center solutions, bringing the power of cloud innovation to more than 2,000 customers worldwide and facilitating billions of customer engagements annually. The Five9 Intelligent Cloud Contact Center provides digital engagement, analytics, workflow automation, workforce optimization, and practical AI to help customers reimagine their customer experience. Designed to be reliable, secure, compliant, and scalable, the Five9 platform helps increase agent and supervisor productivity, connects the contact center to the business, and ultimately deliver tangible business results including increased revenue and enhanced customer trust and loyalty.
Key filings for this company:
This story originally appeared on Fintel.
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