Wells Fargo & Company Forecasts Strong Price Appreciation for Five9 (NASDAQ:FIVN) Stock

Five9 (NASDAQ:FIVN) had its target price increased by equities researchers at Wells Fargo & Company from $32.00 to $36.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the software maker’s stock. Wells Fargo & Company‘s price target points to a potential downside of 5.26% from the company’s current price.

Several other equities analysts also recently commented on FIVN. Rosenblatt Securities increased their target price 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. Truist Financial boosted their target price on Five9 from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, August 31st. UBS Group upped their target price on Five9 from $36.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, October 16th. Needham & Company LLC restated a “buy” rating on shares of Five9 in a report on Monday, September 21st. Finally, Wall Street Zen downgraded Five9 from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.80.

Five9 Stock Up 2.3%

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

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

Insider Activity

In other Five9 news, CAO Leena Mansharamani sold 1,253 shares of Five9 stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $31.53, for a total transaction of $39,507.09. Following the transaction, the chief accounting officer directly owned 52,417 shares in the company, valued at approximately $1,652,708.01. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Five9 stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $32.60, for a total transaction of $42,706.00. Following the completion of the transaction, the chief financial officer directly owned 289,333 shares in the company, valued at approximately $9,432,255.80. The trade was a 0.45% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 83,831 shares of company stock valued at $2,821,366. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Five9

A number of hedge funds have recently bought and sold shares of FIVN. Anson Funds Management LP increased its holdings in Five9 by 35.6% in 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 buying an additional 547,304 shares during the period. S Squared Technology LLC bought a new position in shares of Five9 during the second quarter valued at $10,983,957. Deutsche Bank AG acquired a new position in shares of Five9 during the second quarter worth $10,432,000. Bank of New York Mellon Corp acquired a new stake in Five9 in the second quarter valued at $10,429,000. Finally, Allianz Asset Management GmbH acquired a new position in Five9 during the 2nd quarter worth about $6,690,000. 96.64% of the stock is owned by institutional investors.

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.