Five9, Inc. (NASDAQ:FIVN – Get Free Report)’s share price gapped down before the market opened on Friday after Evercore downgraded the stock from an outperform rating to an in-line rating. The stock had previously closed at $34.14, but opened at $26.75. Evercore now has a $24.00 price target on the stock. Five9 shares last traded at $27.77, with a volume of 1,347,283 shares traded.
A number of other research firms have also issued reports on FIVN. Wells Fargo & Company lifted their target price on Five9 from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, October 28th. Rosenblatt Securities boosted their target price on Five9 from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Royal Bank Of Canada increased their price target on Five9 from $25.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Truist Financial lifted their price objective on Five9 from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Finally, Zacks Research downgraded Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.
Read Our Latest Research Report on Five9
Insider Activity at Five9
In other news, insider Tiffany Meriweather sold 5,114 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $31.55, for a total value of $161,346.70. Following the completion of the transaction, the insider owned 253,249 shares in the company, valued at approximately $7,990,005.95. This represents a 1.98% decrease in their position. The sale was disclosed in a 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, CAO Leena Mansharamani sold 1,253 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $31.53, for a total transaction of $39,507.09. Following the completion of the transaction, the chief accounting officer directly owned 52,417 shares in the company, valued at $1,652,708.01. This trade represents a 2.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 83,831 shares of company stock worth $2,821,366 over the last 90 days. 1.20% of the stock is owned by corporate insiders.
More Five9 News
Here are the key news stories impacting Five9 this week:
- Positive Sentiment: Five9 reported third-quarter adjusted EPS of $0.82, above the $0.80 consensus, and revenue of $323.3 million, ahead of estimates and up 13% year over year. The company forecast fourth-quarter adjusted EPS of $0.88–$0.92. Five9 Announces Third Quarter 2026 Financial Results
- Positive Sentiment: KeyCorp raised its price target from $32 to $34 and maintained an Overweight rating, signaling confidence in the shares’ potential. KeyCorp recommendation
- Neutral Sentiment: Five9 agreed to buy Level AI for $325 million in cash. The deal is intended to expand AI tools for customer-service agents, automate interactions, and derive insights from customer conversations; its longer-term benefits will depend on execution and integration. Five9 to Acquire Level AI
- Negative Sentiment: Shares fell sharply even though results topped estimates, suggesting the beat did not satisfy investors’ expectations. Evercore downgraded Five9 from Outperform to In-Line and set a $24 target, adding to near-term caution. Five9 Q3 sales top estimates but shares fall Evercore recommendation
Institutional Trading of Five9
Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in Five9 by 14.5% during the second quarter. NewEdge Advisors LLC now owns 2,894 shares of the software maker’s stock worth $62,000 after buying an additional 366 shares during the period. Richardson Financial Services Inc. lifted its stake in Five9 by 30.4% in the third quarter. Richardson Financial Services Inc. now owns 1,746 shares of the software maker’s stock valued at $59,000 after buying an additional 407 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Five9 by 42.7% in the third quarter. GAMMA Investing LLC now owns 1,477 shares of the software maker’s stock valued at $50,000 after acquiring an additional 442 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Five9 by 14.2% in the third quarter. Farther Finance Advisors LLC now owns 4,019 shares of the software maker’s stock valued at $137,000 after acquiring an additional 501 shares during the period. Finally, Choreo LLC boosted its holdings in shares of Five9 by 2.4% in the third quarter. Choreo LLC now owns 22,659 shares of the software maker’s stock valued at $771,000 after acquiring an additional 521 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.
Five9 Trading Down 18.6%
The company has a debt-to-equity ratio of 0.94, a current ratio of 4.15 and a quick ratio of 4.15. The firm has a market capitalization of $2.13 billion, a PE ratio of 40.37 and a beta of 1.56. The business’s 50-day moving average price is $34.67 and its 200-day moving average price is $24.43.
Five9 (NASDAQ:FIVN – Get Free Report) last announced its earnings results on Thursday, November 5th. The software maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Five9 had a net margin of 4.94% and a return on equity of 12.92%. The business had revenue of $323.30 million for the quarter, compared to analysts’ expectations of $319.04 million. During the same period in the previous year, the company posted $0.78 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. As a group, analysts expect that Five9, Inc. will post 1.55 earnings per share for the current fiscal year.
Five9 Company Profile
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.
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