Edgewater Technology, Inc. (EDGW) Is At $6.00 Formed Wedge; Friess Associates Has Boosted By $472,144 Its Five9 (FIVN) Position

Friess Associates Llc increased Five9 Inc. (FIVN) stake by 5.4% reported in 2017Q3 SEC filing. Friess Associates Llc acquired 20,528 shares as Five9 Inc. (FIVN)’s stock rose 30.16%. The Friess Associates Llc holds 400,528 shares with $9.57 million value, up from 380,000 last quarter. Five9 Inc. now has $1.36 billion valuation. The stock increased 2.31% or $0.55 during the last trading session, reaching $24.36. About 392,716 shares traded or 9.39% up from the average. Five9, Inc. (NASDAQ:FIVN) has risen 123.16% since January 21, 2017 and is uptrending. It has outperformed by 106.46% the S&P500.

Edgewater Technology, Inc. (EDGW) formed wedge down with $5.76 target or 4.00% below today’s $6.00 share price. Edgewater Technology, Inc. (EDGW) has $84.09 million valuation. The stock decreased 2.28% or $0.14 during the last trading session, reaching $6. About 26,933 shares traded or 133.29% up from the average. Edgewater Technology, Inc. (NASDAQ:EDGW) has declined 14.34% since January 21, 2017 and is downtrending. It has underperformed by 31.04% the S&P500.

Among 10 analysts covering Five9 Inc (NASDAQ:FIVN), 7 have Buy rating, 1 Sell and 2 Hold. Therefore 70% are positive. Five9 Inc had 30 analyst reports since October 9, 2015 according to SRatingsIntel. Needham maintained Five9, Inc. (NASDAQ:FIVN) on Wednesday, September 27 with “Buy” rating. The company was maintained on Wednesday, January 6 by Barclays Capital. The firm has “Buy” rating by Canaccord Genuity given on Thursday, December 3. Barclays Capital downgraded Five9, Inc. (NASDAQ:FIVN) on Monday, January 8 to “Equal-Weight” rating. The rating was maintained by Roth Capital on Friday, November 3 with “Buy”. The rating was initiated by Roth Capital with “Buy” on Thursday, April 14. The stock of Five9, Inc. (NASDAQ:FIVN) has “Buy” rating given on Wednesday, July 19 by Northland Capital. Bank of America downgraded Five9, Inc. (NASDAQ:FIVN) on Tuesday, September 20 to “Underperform” rating. Canaccord Genuity maintained it with “Buy” rating and $28.0 target in Wednesday, November 8 report. The stock of Five9, Inc. (NASDAQ:FIVN) earned “Outperform” rating by Northland Capital on Monday, January 4.

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.73, from 1.5 in 2017Q2. It turned negative, as 5 investors sold Edgewater Technology, Inc. shares while 8 reduced holdings. 2 funds opened positions while 8 raised stakes. 8.60 million shares or 0.95% more from 8.52 million shares in 2017Q2 were reported. Panagora Asset Management reported 0% in Edgewater Technology, Inc. (NASDAQ:EDGW). California Public Employees Retirement Sys holds 0% or 51,545 shares. Prudential Fincl reported 30,600 shares. Geode Lc holds 0% or 37,499 shares in its portfolio. Teton Advsrs reported 0.43% of its portfolio in Edgewater Technology, Inc. (NASDAQ:EDGW). Roumell Asset Limited Liability Co has 5.96% invested in Edgewater Technology, Inc. (NASDAQ:EDGW) for 388,710 shares. Texas-based Dimensional Fund Advsr Limited Partnership has invested 0% in Edgewater Technology, Inc. (NASDAQ:EDGW). Texas-based Bridgeway Cap has invested 0.01% in Edgewater Technology, Inc. (NASDAQ:EDGW). Blackrock invested 0% in Edgewater Technology, Inc. (NASDAQ:EDGW). Homrich And Berg reported 0.01% in Edgewater Technology, Inc. (NASDAQ:EDGW). Ny State Common Retirement Fund reported 299,688 shares. Ancora Advsrs Ltd Llc owns 1.45M shares. Renaissance Techs Ltd Company owns 595,800 shares for 0% of their portfolio. Manchester Capital Mgmt Ltd Com reported 1,000 shares stake. Ariel Investments Ltd Liability Corporation has 1.92 million shares.