Five9 (NASDAQ:FIVN) Cut to “Buy” at Wall Street Zen

Posted by Brian Himes on Aug 11th, 2026

Wall Street Zen downgraded shares of Five9 (NASDAQ:FIVN – Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday.

FIVN has been the topic of several other research reports. DA Davidson set a $22.00 price target on shares of Five9 in a report on Monday, August 3rd. Rosenblatt Securities lifted their price objective on Five9 from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Five9 in a research report on Friday, May 1st. Barclays upped their target price on Five9 from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Five9 in a report on Friday, May 1st. Ten 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 a consensus target price of $31.50.

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Five9 Trading Up 1.4%

Shares of FIVN stock opened at $34.48 on Friday. The stock has a market cap of $2.64 billion, a P/E ratio of 49.97 and a beta of 1.42. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.89. Five9 has a fifty-two week low of $13.29 and a fifty-two week high of $34.58. The business has a fifty day simple moving average of $24.10 and a 200-day simple moving average of $20.03.

Five9 (NASDAQ:FIVN – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The software maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. Five9 had a net margin of 4.94% and a return on equity of 12.87%. The business had revenue of $312.44 million for the quarter, compared to analyst estimates of $306.61 million. During the same period in the previous year, the firm earned $0.76 EPS. The business’s revenue for the quarter 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. On average, analysts forecast that Five9 will post 1.39 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Tiffany N. Meriweather sold 21,320 shares of the 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 of the company’s stock, valued at approximately $5,901,632.04. This trade represents a 7.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Panos Kozanian sold 5,869 shares of Five9 stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $24.81, for a total value of $145,609.89. Following the completion of the transaction, the executive vice president directly owned 161,671 shares in the company, valued at $4,011,057.51. This represents a 3.50% decrease in their ownership of the stock. 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. Insiders have sold a total of 85,820 shares of company stock valued at $2,014,057 in the last ninety days. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Five9

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi raised its holdings in 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 acquiring an additional 3,079 shares in the last quarter. Guggenheim Capital LLC grew its holdings 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 acquiring an additional 13,606 shares in the last quarter. California Public Employees Retirement System grew its holdings 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 acquiring an additional 34,375 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Five9 by 52.7% in 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 during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Five9 by 147.2% in 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 during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 News Summary

Here are the key news stories impacting Five9 this week:

Positive Sentiment: Five9’s quarterly results exceeded expectations, with earnings per share of $0.70 versus the $0.68 consensus and revenue of $312.44 million versus estimates of $306.61 million. Revenue increased 10.3% year over year, while the company issued third-quarter and full-year 2026 earnings guidance. Five9 Trading 14.9% Higher Following Better-Than-Expected Earnings
Positive Sentiment: Evercore ISI initiated or reiterated a Buy rating on Five9, adding to the positive analyst sentiment around the company’s momentum and competitive position. Five9 Receives a Buy from Evercore ISI
Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating, reinforcing the view that Five9’s growth prospects remain attractive. Rosenblatt Reaffirms Buy Rating
Neutral Sentiment: Several analysts raised their price targets, including targets of $32 and $30, indicating improved estimates but limited additional upside at the current valuation. Five9 Price Target Raised to $32 Five9 Price Target Raised to $30
Negative Sentiment: DA Davidson raised its target from $22 to $28 and Robert W. Baird raised its target from $22 to $30, but both firms maintained Neutral ratings. Their targets remain below the recent share price, signaling caution after the sharp rally. DA Davidson Raises Five9 Price Target Robert W. Baird Raises Five9 Price Target

About Five9

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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.