Fastly, Inc. (NASDAQ:FSLY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Fastly, Inc. (NASDAQ:FSLY) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $25.3333.

A number of equities analysts have recently issued reports on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $29.00 price target on shares of Fastly in a report on Thursday, August 6th. Piper Sandler raised their price objective on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Citigroup boosted their price objective on shares of Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. KeyCorp upped their target price on shares of Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada increased their target price on shares of Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th.

Insiders Place Their Bets

In related news, insider Scott R. Lovett sold 14,936 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $28.60, for a total value of $427,169.60. Following the sale, the insider owned 1,377,842 shares in the company, valued at $39,406,281.20. This represents a 1.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Artur Bergman sold 31,687 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $24.72, for a total value of $783,302.64. Following the completion of the transaction, the chief technology officer directly owned 1,973,504 shares of the company’s stock, valued at $48,785,018.88. The trade was a 1.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 436,364 shares of company stock worth $10,739,032. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FSLY. PNC Financial Services Group Inc. boosted its position in shares of Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after buying an additional 633 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Fastly during the 1st quarter valued at about $44,000. EverSource Wealth Advisors LLC increased its holdings in Fastly by 39.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after acquiring an additional 627 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Fastly during the second quarter worth about $72,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Fastly during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Fastly Trading Down 8.1%

Shares of FSLY stock opened at $22.94 on Tuesday. The business’s fifty day moving average price is $21.31 and its 200 day moving average price is $21.44. Fastly has a 1-year low of $7.05 and a 1-year high of $34.82. The firm has a market capitalization of $3.65 billion, a PE ratio of -43.28 and a beta of 0.34. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36.

Fastly (NASDAQ:FSLY) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.The firm had revenue of $183.32 million during the quarter, compared to analysts’ expectations of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. As a group, sell-side analysts forecast that Fastly will post -0.29 EPS for the current fiscal year.

About Fastly

Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly’s real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.

Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.