Wells Fargo & Company Has Lowered Expectations for Five9 (NASDAQ:FIVN) Stock Price

Posted by Brenda Bartman on Nov 6th, 2026

Five9 (NASDAQ:FIVN – Get Free Report) had its price target dropped by research analysts at Wells Fargo & Company from $36.00 to $28.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the software maker’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 1.54% from the stock’s previous close.

A number of other research firms have also issued reports on FIVN. KeyCorp raised their price target on shares of Five9 from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday. Cantor Fitzgerald upped their price objective on shares of Five9 from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, September 21st. Canaccord Genuity Group increased their price objective on shares of Five9 from $33.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Barclays raised their target price on shares of Five9 from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, October 13th. Finally, Rosenblatt Securities boosted 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. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Five9 has a consensus rating of “Moderate Buy” and an average price target of $34.53.

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Five9 Stock Performance

Shares of FIVN stock traded down $6.56 during mid-day trading on Friday, reaching $27.58. The stock had a trading volume of 2,778,382 shares, compared to its average volume of 2,623,065. The business’s fifty day moving average is $34.67 and its 200-day moving average is $24.43. 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 cap of $2.11 billion, a price-to-earnings ratio of 39.64 and a beta of 1.56. Five9 has a 1-year low of $13.29 and a 1-year high of $40.00.

Five9 (NASDAQ:FIVN – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The software maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.02. Five9 had a return on equity of 12.92% and a net margin of 4.94%. The firm had revenue of $323.30 million during the quarter, compared to analysts’ expectations of $319.04 million. During the same period last year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, research analysts forecast that Five9 will post 1.55 earnings per share for the current year.

Insider Buying and Selling

In other Five9 news, CFO Bryan Lee sold 19,308 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $33.34, for a total value of $643,728.72. Following the sale, the chief financial officer owned 290,643 shares in the company, valued at approximately $9,690,037.62. This represents a 6.23% decrease in their position. The transaction was disclosed in a document filed 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 2,706 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $33.35, for a total transaction of $90,245.10. Following the sale, the chief accounting officer directly owned 53,670 shares in the company, valued at $1,789,894.50. The trade was a 4.80% decrease in their position. 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. Over the last three months, insiders sold 83,831 shares of company stock valued at $2,821,366. Insiders own 1.20% of the company’s stock.

Institutional Trading of Five9

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Anson Funds Management LP increased its holdings in Five9 by 35.6% in the first quarter. Anson Funds Management LP now owns 2,086,675 shares of the software maker’s stock valued at $31,655,000 after buying an additional 547,304 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Five9 by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,054,769 shares of the software maker’s stock worth $15,998,000 after acquiring an additional 165,623 shares during the period. S Squared Technology LLC acquired a new position in shares of Five9 in the second quarter worth about $10,983,957. Deutsche Bank AG purchased a new stake in shares of Five9 during the 2nd quarter worth about $10,432,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Five9 during the 2nd quarter worth about $10,429,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

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

Five9 Company Profile

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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.