Fastly, Inc. (NYSE:FSLY) Receives Average Rating of “Hold” from Analysts

Shares of Fastly, Inc. (NYSE:FSLY) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $10.6429.

A number of analysts recently weighed in on FSLY shares. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Citigroup decreased their target price on shares of Fastly from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, January 16th. DA Davidson boosted their price target on Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. KeyCorp raised Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a research report on Monday, December 15th. Finally, Royal Bank Of Canada lifted their target price on Fastly from $9.00 to $10.00 and gave the company a “sector perform” rating in a research note on Monday, January 5th.

Fastly Stock Down 3.0%

Shares of NYSE FSLY opened at $9.62 on Friday. The business has a 50-day moving average price of $10.31 and a 200 day moving average price of $8.89. The stock has a market cap of $1.44 billion, a PE ratio of -10.02 and a beta of 0.98. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Fastly has a 52-week low of $4.65 and a 52-week high of $12.59.

Fastly (NYSE:FSLY) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $158.22 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Equities research analysts forecast that Fastly will post -0.78 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Scott R. Lovett sold 42,118 shares of Fastly stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $10.10, for a total value of $425,391.80. Following the sale, the insider owned 1,002,137 shares of the company’s stock, valued at $10,121,583.70. The trade was a 4.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Artur Bergman sold 220,000 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $10.67, for a total transaction of $2,347,400.00. Following the transaction, the chief technology officer directly owned 3,121,276 shares of the company’s stock, valued at $33,304,014.92. This represents a 6.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 949,248 shares of company stock worth $9,957,349. 6.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fastly

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSLY. Amundi raised its stake in shares of Fastly by 11.3% during the 1st quarter. Amundi now owns 46,624 shares of the company’s stock worth $277,000 after buying an additional 4,724 shares in the last quarter. AQR Capital Management LLC acquired a new position in Fastly during the first quarter worth $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Fastly by 1.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock worth $2,950,000 after acquiring an additional 6,247 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Fastly by 963.6% in the first quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock valued at $385,000 after acquiring an additional 55,118 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Fastly by 7.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock worth $14,573,000 after purchasing an additional 165,937 shares in the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

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.