Fastly, Inc. (NYSE:FSLY) Given Consensus Recommendation of “Hold” by Brokerages

Fastly, Inc. (NYSE:FSLY) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $10.6429.

FSLY has been the topic of several research reports. Royal Bank Of Canada raised their price target on shares of Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. Piper Sandler increased their price objective on shares of Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Oppenheimer initiated coverage on shares of Fastly in a research note on Monday, November 17th. They issued a “market perform” rating on the stock. KeyCorp raised shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price target for the company in a research report on Monday. Finally, Wall Street Zen upgraded Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th.

Insider Transactions at Fastly

In other news, CTO Artur Bergman sold 40,000 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $10.66, for a total value of $426,400.00. Following the completion of the sale, the chief technology officer owned 2,850,579 shares in the company, valued at approximately $30,387,172.14. This trade represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles Lacey Compton III sold 18,455 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $10.23, for a total value of $188,794.65. Following the sale, the chief executive officer owned 640,858 shares in the company, valued at approximately $6,555,977.34. The trade was a 2.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 712,481 shares of company stock valued at $7,273,202 over the last quarter. Company insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FSLY. Vanguard Group Inc. boosted its stake in shares of Fastly by 3.4% in the third quarter. Vanguard Group Inc. now owns 16,666,672 shares of the company’s stock valued at $142,500,000 after purchasing an additional 554,909 shares during the period. Legal & General Group Plc boosted its position in Fastly by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 8,943,224 shares of the company’s stock valued at $63,139,000 after buying an additional 291,617 shares during the last quarter. Penserra Capital Management LLC purchased a new position in Fastly in the 3rd quarter valued at about $61,864,000. Dimensional Fund Advisors LP grew its stake in shares of Fastly by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company’s stock valued at $35,380,000 after acquiring an additional 117,213 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Fastly by 115.2% during the second quarter. Marshall Wace LLP now owns 3,385,167 shares of the company’s stock worth $23,899,000 after acquiring an additional 1,811,935 shares during the last quarter. 79.71% of the stock is owned by institutional investors and hedge funds.

Fastly Price Performance

Shares of Fastly stock opened at $10.32 on Thursday. The business’s fifty day moving average price is $9.89 and its 200 day moving average price is $8.30. Fastly has a twelve month low of $4.65 and a twelve month high of $12.59. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.54 billion, a P/E ratio of -10.75 and a beta of 0.97.

Fastly (NYSE:FSLY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. The company had revenue of $158.22 million during the quarter, compared to analyst estimates of $151.04 million. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 earnings per share. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. As a group, research analysts anticipate that Fastly will post -0.78 earnings per share for the current year.

About Fastly

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.