Five9 (NASDAQ:FIVN) Price Target Raised to $36.00

Five9 (NASDAQ:FIVN) had its price target hoisted by Wells Fargo & Company from $32.00 to $36.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the software maker’s stock.

FIVN has been the topic of a number of other research reports. Zacks Research cut Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Piper Sandler upped their price target on shares of Five9 from $24.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. FBN Securities began coverage on shares of Five9 in a report on Wednesday, September 16th. They issued an “outperform” rating and a $40.00 price objective for the company. Wall Street Zen lowered Five9 from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Truist Financial lifted their price target on Five9 from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, August 31st. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.80.

Five9 Price Performance

FIVN opened at $36.34 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.15 and a quick ratio of 4.15. The firm’s fifty day moving average price is $34.42 and its two-hundred day moving average price is $24.10. Five9 has a 1 year low of $13.29 and a 1 year high of $40.00. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 26.53 and a beta of 1.53.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, August 6th. The software maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $312.44 million for the quarter, compared to the consensus estimate of $306.61 million. Five9 had a return on equity of 12.92% and a net margin of 4.94%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. Five9 has set its Q3 2026 guidance at 0.770-0.810 EPS and its FY 2026 guidance at 3.220-3.300 EPS. As a group, analysts anticipate that Five9 will post 1.55 earnings per share for the current fiscal year.

Insider Transactions at Five9

In other news, CAO Leena Mansharamani sold 1,253 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $31.53, for a total value of $39,507.09. Following the completion of the transaction, the chief accounting officer directly owned 52,417 shares in the company, valued at approximately $1,652,708.01. This represents a 2.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Bryan Lee sold 1,310 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $32.60, for a total value of $42,706.00. Following the completion of the transaction, the chief financial officer owned 289,333 shares of the company’s stock, valued at $9,432,255.80. The trade was a 0.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 83,831 shares of company stock worth $2,821,366. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five9

Institutional investors and hedge funds have recently made changes to their positions in the business. Anson Funds Management LP boosted its holdings in Five9 by 35.6% during the 1st quarter. Anson Funds Management LP now owns 2,086,675 shares of the software maker’s stock valued at $31,655,000 after acquiring an additional 547,304 shares during the period. Dimensional Fund Advisors LP boosted its position in Five9 by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,054,769 shares of the software maker’s stock valued at $15,998,000 after buying an additional 165,623 shares during the last quarter. S Squared Technology LLC purchased a new stake in Five9 in the second quarter valued at approximately $10,983,957. Deutsche Bank AG acquired a new position in shares of Five9 in the 2nd quarter valued at about $10,432,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Five9 in the second quarter worth about $10,429,000. Institutional investors own 96.64% of the company’s stock.

About Five9

Five9, Inc is a cloud-based software company that provides customer experience and contact center solutions. Its platform enables organizations to manage customer interactions across voice, chat, email, social media and other digital channels without relying on traditional on-premises contact center infrastructure.

The company’s Intelligent CX Platform includes tools for inbound and outbound communications, digital engagement, workforce optimization, workflow automation, analytics and reporting.