Piper Sandler Issues Positive Forecast for Five9 (NASDAQ:FIVN) Stock Price

Key Points

• Piper Sandler raised Five9’s price target from $24 to $30 while maintaining a “neutral” rating; the target implied about 10% downside from the stock’s prior close. The analyst consensus remains “Moderate Buy,” with an average target of $28.14.
• Five9 beat quarterly expectations, reporting $0.70 in EPS and $312.44 million in revenue, up 10.3% year over year. The company also issued third-quarter and full-year 2026 guidance above analyst estimates.
• Shares surged to $33.31, near the 52-week high of $33.88, following the results and raised guidance. Despite positive institutional ownership of 96.64%, insiders have sold about 85,820 shares worth $2.0 million over the past 90 days.

Five9 (NASDAQ:FIVN - Get Free Report) had its price target hoisted by equities researchers at Piper Sandler from $24.00 to $30.00 in a report issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the software maker's stock. Piper Sandler's price target would suggest a potential downside of 9.93% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. DA Davidson set a $22.00 price target on shares of Five9 in a report on Monday. Zacks Research lowered Five9 from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 30th. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 target price on shares of Five9 in a report on Friday, May 1st. Truist Financial increased their price target on shares of Five9 from $23.00 to $35.00 and gave the stock a "buy" rating in a report on Friday. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of Five9 in a report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Five9 currently has a consensus rating of "Moderate Buy" and an average price target of $28.14.

Five9 Stock Performance

NASDAQ FIVN traded up $4.94 during trading hours on Friday, reaching $33.31. The stock had a trading volume of 5,268,227 shares, compared to its average volume of 2,901,705. The stock has a fifty day moving average of $23.75 and a 200 day moving average of $19.79. The stock has a market cap of $2.55 billion, a P/E ratio of 50.49 and a beta of 1.42. Five9 has a 52-week low of $13.29 and a 52-week high of $33.88. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.51 and a current ratio of 4.51.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The company had revenue of $312.44 million during the quarter, compared to analyst estimates of $306.61 million. Five9 had a net margin of 4.87% and a return on equity of 12.66%. Five9's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $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. Sell-side analysts predict that Five9 will post 1.39 earnings per share for the current year.

Insider Activity

In other news, President Andy Dignan sold 8,203 shares of the company's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $24.76, for a total transaction of $203,106.28. Following the completion of the sale, the president owned 278,760 shares of the company's stock, valued at $6,902,097.60. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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, insider Tiffany N. Meriweather sold 21,320 shares of the business's stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $20.98, for a total value of $447,293.60. Following the transaction, the insider directly owned 281,298 shares in the company, valued at $5,901,632.04. This trade represents a 7.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 85,820 shares of company stock worth $2,014,057. Company insiders own 1.20% of the company's stock.

Institutional Trading of Five9

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings 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 acquiring an additional 1,367 shares during the last quarter. Quarry LP purchased a new stake in Five9 in the third quarter valued at $33,000. Optiver Holding B.V. lifted its stake in shares of Five9 by 575.9% in the 1st quarter. Optiver Holding B.V. now owns 2,325 shares of the software maker's stock valued at $35,000 after purchasing an additional 1,981 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of 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 purchasing an additional 1,786 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in shares of Five9 during the 1st quarter worth $38,000. Institutional investors and hedge funds own 96.64% of the company's stock.

Trending Headlines about Five9

Here are the key news stories impacting Five9 this week:

• Positive Sentiment: Raised full-year and third-quarter guidance: Five9 projected third-quarter adjusted EPS of $0.77–$0.81, above the $0.74 consensus, with revenue of $316 million–$322 million versus expectations of $314.6 million. Full-year EPS guidance of $3.22–$3.30 also exceeded the $2.88 analyst consensus. Five9 Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Second-quarter results beat estimates: Five9 reported EPS of $0.70 versus the $0.68 consensus and revenue of $312.44 million versus expectations of $306.61 million. Revenue increased 10.3% year over year, reinforcing the company’s growth outlook. Five9 Earnings Results
• Positive Sentiment: Truist raised its price target: Truist Financial increased its target from $23 to $35 and maintained a “buy” rating, signaling continued confidence in Five9’s earnings outlook and valuation.
• Positive Sentiment: Rosenblatt also upgraded its outlook: The firm raised its target from $29 to $32 and assigned a “buy” rating, although the new target remains below the stock’s recent trading level.
• Neutral Sentiment: Profitability remains mixed: While Five9 exceeded quarterly EPS expectations, earnings declined from $0.76 a year earlier. The company reported a 4.87% net margin and 12.66% return on equity.

Five9 Company Profile

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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