Five9 (NASDAQ:FIVN) Given New $28.00 Price Target at Wells Fargo & Company

Five9 (NASDAQ:FIVN) had its price target lowered by Wells Fargo & Company from $36.00 to $28.00 in a research report sent to investors on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the software maker’s stock.

FIVN has been the subject 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. Rosenblatt Securities boosted their price objective 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. Wall Street Zen cut shares of Five9 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Barclays raised their target price on shares of Five9 from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, October 13th. Finally, Weiss Ratings upgraded shares of Five9 from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.94.

Five9 Price Performance

Shares of NASDAQ:FIVN traded down $6.02 during trading on Friday, hitting $28.12. 6,549,861 shares of the stock were exchanged, compared to its average volume of 1,557,405. The company has a fifty day moving average price of $34.54 and a two-hundred day moving average price of $24.49. The company has a market cap of $2.15 billion, a PE ratio of 41.97 and a beta of 1.56. 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 has a 12-month low of $13.29 and a 12-month high of $40.00.

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

Insider Activity

In other news, CAO Leena Mansharamani sold 2,706 shares of Five9 stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $33.35, for a total transaction of $90,245.10. Following the completion of the sale, the chief accounting officer directly owned 53,670 shares in the company, valued at $1,789,894.50. The trade was a 4.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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, President Andy Dignan sold 17,767 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $35.03, for a total transaction of $622,378.01. Following the completion of the transaction, the president directly owned 257,920 shares of the company’s stock, valued at approximately $9,034,937.60. This represents a 6.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 83,831 shares of company stock valued at $2,821,366 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Five9

Hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in Five9 in the 3rd quarter valued at $39,000. GAMMA Investing LLC grew its position in shares of Five9 by 42.7% in the third quarter. GAMMA Investing LLC now owns 1,477 shares of the software maker’s stock valued at $50,000 after purchasing an additional 442 shares during the period. EverSource Wealth Advisors LLC increased its stake in Five9 by 378.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock valued at $26,000 after purchasing an additional 1,367 shares during the last quarter. Richardson Financial Services Inc. increased its stake in Five9 by 30.4% in the third quarter. Richardson Financial Services Inc. now owns 1,746 shares of the software maker’s stock valued at $59,000 after purchasing an additional 407 shares during the last quarter. Finally, Nykredit A S acquired a new position in Five9 in the second quarter valued at $39,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Five9

Here are the key news stories impacting Five9 this week:

• Positive Sentiment: Five9 reported Q3 adjusted EPS of $0.82 versus the $0.80 consensus and revenue of $323.3 million versus $319.0 million. Revenue rose 13% year over year, with subscription growth of 16%. Five9 Q3 results
• Positive Sentiment: Management’s FY 2026 adjusted EPS guidance of $3.17–$3.21 is above the cited $2.92 consensus. The company also highlighted 91% growth in AI revenue, supporting its opportunity to expand AI-powered customer service products. Q3 earnings call highlights
• Neutral Sentiment: Five9 agreed to acquire Level AI for $325 million in cash, adding tools for automating customer interactions and analyzing customer conversations. The deal could strengthen its AI platform, though its eventual financial contribution is uncertain. Level AI acquisition announcement
• Negative Sentiment: Gross margins narrowed year over year: GAAP gross margin was 53.4%, versus 55.0% a year earlier. Q4 EPS guidance of $0.88–$0.92 straddles the $0.90 consensus, while revenue guidance is broadly in line with expectations—limiting evidence of a near-term forecast beat. Q3 estimates and margins
• Negative Sentiment: Analyst responses were mixed but included a downgrade from Evercore to “in-line” with a $24 target and lower targets from Wells Fargo ($28), Truist ($35), and Barclays ($38). These cautious revisions may add pressure despite several firms retaining positive ratings. Wells Fargo analyst rating

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.