Five9 (NASDAQ:FIVN) Stock Gets Price Target Cut from Wells Fargo & Company

Five9 (NASDAQ:FIVN) had its price objective reduced by equities research analysts at Wells Fargo & Company from $36.00 to $28.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the software maker’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 1.54% from the company’s previous close.

Other analysts also recently issued reports about the company. Evercore downgraded Five9 from an “outperform” rating to an “in-line” rating and set a $24.00 price objective for the company. in a report on Friday. Cantor Fitzgerald increased their target price on shares of Five9 from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, September 21st. Canaccord Genuity Group raised their target price on shares of Five9 from $33.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Truist Financial boosted their price target on shares of Five9 from $35.00 to $40.00 and gave the company a “buy” rating in a report on Monday, August 31st. Finally, Rosenblatt Securities upped their price target on shares of Five9 from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Twelve investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.53.

Five9 Trading Down 19.2%

Shares of NASDAQ FIVN traded down $6.56 during trading hours on Friday, reaching $27.58. The stock had a trading volume of 2,778,382 shares, compared to its average volume of 2,623,065. Five9 has a 52-week low of $13.29 and a 52-week high of $40.00. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 39.64 and a beta of 1.56. The business’s fifty day moving average price is $34.67 and its two-hundred day moving average price is $24.43. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.94.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, November 5th. The software maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. Five9 had a return on equity of 12.92% and a net margin of 4.94%. The company had revenue of $323.30 million for the quarter, compared to the consensus estimate of $319.04 million. During the same period last year, the business posted $0.78 EPS. Five9’s quarterly revenue was up 13.1% on a year-over-year basis. Analysts expect that Five9 will post 1.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President Andy Dignan sold 17,767 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $35.03, for a total transaction of $622,378.01. Following the completion of the sale, the president directly owned 257,920 shares in the company, valued at $9,034,937.60. This represents a 6.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Bryan Lee sold 19,308 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $33.34, for a total value of $643,728.72. Following the sale, the chief financial officer directly owned 290,643 shares in the company, valued at approximately $9,690,037.62. The trade was a 6.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 quarter, insiders sold 83,831 shares of company stock valued at $2,821,366. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Five9

Several institutional investors have recently bought and sold shares of the company. Anson Funds Management LP grew its position 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 worth $31,655,000 after purchasing an additional 547,304 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Five9 by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,054,769 shares of the software maker’s stock valued at $15,998,000 after purchasing an additional 165,623 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in shares of Five9 by 35.7% in the first quarter. Glenmede Trust Co. NA now owns 577,672 shares of the software maker’s stock worth $8,763,000 after buying an additional 151,974 shares during the last quarter. S Squared Technology LLC purchased a new position in shares of Five9 in the second quarter worth $10,983,957. Finally, Deutsche Bank AG purchased a new position in shares of Five9 in the second quarter worth $10,432,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Key Five9 News

Here are the key news stories impacting Five9 this week:

• Positive Sentiment: Five9 reported third-quarter adjusted EPS of $0.82, above the $0.80 consensus, and revenue of $323.3 million, ahead of estimates and up 13% year over year. The company forecast fourth-quarter adjusted EPS of $0.88–$0.92. Five9 Announces Third Quarter 2026 Financial Results
• Positive Sentiment: KeyCorp raised its price target from $32 to $34 and maintained an Overweight rating, signaling confidence in the shares’ potential. KeyCorp recommendation
• Neutral Sentiment: Five9 agreed to buy Level AI for $325 million in cash. The deal is intended to expand AI tools for customer-service agents, automate interactions, and derive insights from customer conversations; its longer-term benefits will depend on execution and integration. Five9 to Acquire Level AI
• Negative Sentiment: Shares fell sharply even though results topped estimates, suggesting the beat did not satisfy investors’ expectations. Evercore downgraded Five9 from Outperform to In-Line and set a $24 target, adding to near-term caution. Five9 Q3 sales top estimates but shares fall Evercore recommendation

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.