Five9, Inc. (NASDAQ:FIVN – Get Free Report)’s share price shot up 5.8% during trading on Friday . The company traded as high as $21.84 and last traded at $21.9590. 1,228,297 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 2,751,409 shares. The stock had previously closed at $20.75.
Analysts Set New Price Targets
A number of research firms have commented on FIVN. Jefferies Financial Group reissued a “hold” rating on shares of Five9 in a report on Friday, May 1st. Truist Financial reduced their target price on Five9 from $40.00 to $23.00 and set a “buy” rating for the company in a report on Friday, February 20th. Cantor Fitzgerald raised their target price on Five9 from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company reduced their target price on Five9 from $22.00 to $20.00 and set an “equal weight” rating for the company in a report on Friday, February 20th. Finally, Piper Sandler reissued a “neutral” rating and issued a $24.00 target price (up from $21.00) on shares of Five9 in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.53.
Get Our Latest Stock Analysis on FIVN
Five9 Trading Up 4.3%
Five9 (NASDAQ:FIVN – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The software maker reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Five9 had a return on equity of 12.66% and a net margin of 4.87%.The business had revenue of $305.32 million during the quarter, compared to analysts’ expectations of $299.92 million. During the same quarter last year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Five9 has set its FY 2026 guidance at 3.220-3.300 EPS and its Q2 2026 guidance at 0.650-0.690 EPS. Analysts forecast that Five9, Inc. will post 1.39 EPS for the current year.
Insider Buying and Selling at Five9
In other news, insider Tiffany N. Meriweather sold 21,320 shares of the firm’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 completion of the transaction, the insider owned 281,298 shares in the company, valued at $5,901,632.04. This trade represents a 7.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in FIVN. Amundi increased its position in shares of Five9 by 8.3% in the first quarter. Amundi now owns 40,291 shares of the software maker’s stock valued at $1,017,000 after buying an additional 3,079 shares in the last quarter. Guggenheim Capital LLC increased its position in Five9 by 95.7% during the 2nd quarter. Guggenheim Capital LLC now owns 27,826 shares of the software maker’s stock worth $737,000 after purchasing an additional 13,606 shares in the last quarter. California Public Employees Retirement System increased its position in Five9 by 39.4% during the 2nd quarter. California Public Employees Retirement System now owns 121,700 shares of the software maker’s stock worth $3,223,000 after purchasing an additional 34,375 shares in the last quarter. Qube Research & Technologies Ltd increased its position in Five9 by 52.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 31,182 shares of the software maker’s stock worth $826,000 after purchasing an additional 10,755 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Five9 by 147.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,137 shares of the software maker’s stock worth $1,063,000 after purchasing an additional 23,901 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Five9
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.
