Five9 (NASDAQ:FIVN) Price Target Raised to $40.00

Key Points

• Truist Financial raised Five9’s price target from $35 to $40 and maintained a “buy” rating, implying 18.43% upside from the prior close.
• Several analysts also increased their targets, contributing to a “Moderate Buy” consensus rating and an average price target of $33.14.
• Five9 recently exceeded quarterly earnings and revenue expectations, while its stock traded near its 52-week high; institutional investors own 96.64% of the shares.

Five9 (NASDAQ:FIVN - Get Free Report) had its price objective hoisted by Truist Financial from $35.00 to $40.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the software maker's stock. Truist Financial's price target points to a potential upside of 18.43% from the stock's previous close.

A number of other research firms also recently weighed in on FIVN. Barclays lifted their price target on shares of Five9 from $25.00 to $34.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. UBS Group restated a "positive" rating on shares of Five9 in a research note on Monday. Piper Sandler raised their price objective on shares of Five9 from $24.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Rosenblatt Securities lifted their target price on shares of Five9 from $29.00 to $32.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Canaccord Genuity Group upped their target price on shares of Five9 from $33.00 to $39.00 and gave the company a "buy" rating in a research note on Monday, August 24th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Five9 has an average rating of "Moderate Buy" and an average target price of $33.14.

Five9 Stock Performance

FIVN traded down $0.28 on Monday, hitting $33.77. 221,308 shares of the stock traded hands, compared to its average volume of 2,809,327. The business has a fifty day moving average price of $27.18 and a two-hundred day moving average price of $21.51. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $2.59 billion, a PE ratio of 48.83 and a beta of 1.41. Five9 has a 52 week low of $13.29 and a 52 week high of $35.17.

Five9 (NASDAQ:FIVN - Get Free Report) last announced 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 company had revenue of $312.44 million for the quarter, compared to analyst estimates of $306.61 million. Five9 had a return on equity of 12.92% and a net margin of 4.94%.Five9's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm 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. On average, research analysts predict that Five9 will post 1.55 EPS for the current fiscal year.

Insider Activity

In other news, insider Tiffany N. Meriweather sold 9,526 shares of the business's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $24.81, for a total value of $236,340.06. Following the sale, the insider owned 271,772 shares in the company, valued at approximately $6,742,663.32. The trade was a 3.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Panos Kozanian sold 5,869 shares of the company's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $24.81, for a total transaction of $145,609.89. Following the completion of the sale, the executive vice president directly owned 161,671 shares in the company, valued at approximately $4,011,057.51. The trade was a 3.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 56,003 shares of company stock valued at $1,386,457. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Five9

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIVN. Quarry LP acquired a new stake in shares of Five9 during the third quarter worth approximately $33,000. Advisory Services Network LLC acquired a new position in shares of Five9 in the 3rd quarter worth approximately $38,000. EverSource Wealth Advisors LLC grew its position in Five9 by 378.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker's stock worth $26,000 after acquiring an additional 1,367 shares during the last quarter. Rothschild Investment LLC grew its position in Five9 by 3,572.0% during the 4th quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker's stock worth $37,000 after acquiring an additional 1,786 shares during the last quarter. Finally, Nykredit A S acquired a new stake in Five9 during the 2nd quarter valued at $39,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

About Five9

Five9, Inc NASDAQ: FIVN is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.

Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.

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