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Robert W. Baird gives a Neutral recommendation for Five9 Inc (FIVN)

In a filing, Five9 Inc revealed its Officer Daniel Burkland acquired Company’s shares for reported $87033.0 on Aug 26 ’24. In the deal valued at $33.41 per share,2,605 shares were bought.

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Then, Burkland Daniel P. sold 2,637 shares, generating $114,841 in total proceeds. Upon selling the shares at $43.55, the Pres. & Chief Revenue Officer now owns 130,079 shares.

Before that, Daniel Burkland bought 2,637 shares. Five9 Inc shares valued at $114,834 were divested by the Officer at a price of $43.55 per share.

Robert W. Baird downgraded its Five9 Inc [FIVN] rating to a Neutral from a an Outperform in a research note published on August 09, 2024; the price target was decreased to $40 from $90. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early August from “an Underperform” to “a Buy”. RBC Capital Mkts began covering FIVN with “an Outperform” recommendation on March 15, 2024. Deutsche Bank revised its rating on September 21, 2023. It rated FIVN as “a Buy” which previously was an “a Hold”.

Price Performance Review of FIVN

On Monday, Five9 Inc [NASDAQ:FIVN] saw its stock fall -0.38% to $33.64. Over the last five days, the stock has lost -3.80%. Five9 Inc shares have fallen nearly -57.25% since the year began. Nevertheless, the stocks have fallen -52.69% over the past one year. While a 52-week high of $92.40 was reached on 01/22/24, a 52-week low of $28.75 was recorded on 08/09/24. SMA at 50 days reached $40.48, while 200 days put it at $59.30.

Levels Of Support And Resistance For FIVN Stock

The 24-hour chart illustrates a support level at 33.03, which if violated will result in even more drops to 32.42. On the upside, there is a resistance level at 34.16. A further resistance level may holdings at 34.67. The Relative Strength Index (RSI) on the 14-day chart is 37.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.15%. Stochastics %K at 34.02% indicates the stock is a holding.

How much short interest is there in Five9 Inc?

A steep rise in short interest was recorded in Five9 Inc stocks on 2024-07-31, growing by 0.22 million shares to a total of 6.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 6.07 million shares. There was a rise of 3.49%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on June 08, 2023 when DA Davidson began covering the stock and recommended ‘”a Neutral”‘ rating along with a $75 price target.

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