Five9 (NASDAQ:FIVN) Stock Price Target Raised at Wells Fargo & Company

Five9 (NASDAQ:FIVN) had its price objective hoisted by Wells Fargo & Company from $32.00 to $36.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the software maker’s stock. Wells Fargo & Company‘s price objective points to a potential downside of 5.26% from the company’s current price.

A number of other research analysts also recently issued reports on FIVN. Weiss Ratings upgraded Five9 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Zacks Research downgraded shares of Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. UBS Group raised their price objective on shares of Five9 from $36.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, October 16th. Barclays raised their price objective on shares of Five9 from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, October 13th. Finally, Cantor Fitzgerald raised their price target on shares of Five9 from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, September 21st. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.80.

Five9 Trading Up 2.3%

FIVN traded up $0.87 during midday trading on Wednesday, hitting $38.00. The company had a trading volume of 136,132 shares, compared to its average volume of 2,652,259. The stock’s 50 day moving average price is $34.15 and its 200 day moving average price is $23.84. Five9 has a 52 week low of $13.29 and a 52 week high of $40.00.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, August 6th. The software maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The business had revenue of $312.44 million for the quarter, compared to analyst estimates of $306.61 million. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. Five9 has set its Q3 2026 guidance at 0.770-0.810 EPS and its FY 2026 guidance at 3.220-3.300 EPS. Analysts predict that Five9 will post 1.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Leena Mansharamani sold 1,253 shares of the firm’s stock in a transaction that occurred on 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 owned 52,417 shares in the company, valued at $1,652,708.01. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 6,986 shares of Five9 stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $35.00, for a total transaction of $244,510.00. Following the transaction, the president owned 237,614 shares of the company’s stock, valued at $8,316,490. The trade was a 2.86% decrease in their ownership of the stock. 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. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five9

A number of hedge funds have recently bought and sold shares of FIVN. Evergreen Capital Management LLC acquired a new position in shares of Five9 in the 3rd quarter valued at $285,000. Inspire Investing LLC purchased a new stake in shares of Five9 during the third quarter worth approximately $2,450,000. Yousif Capital Management LLC purchased a new position in shares of Five9 in the third quarter worth about $643,000. Root Financial Partners LLC purchased a new stake in Five9 during the 3rd quarter valued at about $39,000. Finally, Assenagon Asset Management S.A. grew its stake in Five9 by 67.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 147,112 shares of the software maker’s stock valued at $5,003,000 after acquiring an additional 59,068 shares in the last quarter. Hedge funds and other 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.