Fastly, Inc. (NASDAQ:FSLY) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Fastly, with one sell, six hold, five buy, and one strong-buy rating among 13 analysts. The average 12-month price target is $25.33, while recent targets range from $28 to $30.
• Fastly exceeded quarterly expectations, reporting $0.15 EPS versus the $0.07 consensus and revenue of $183.32 million versus $173.94 million expected. Despite the beat, the company remains unprofitable, with a negative net margin of 11.80%.
• Insiders sold 580,590 shares worth approximately $14.2 million over the past 90 days, while institutional investors own 79.71% of the stock. Fastly shares opened at $23.16, up 2.0%, with a market capitalization of about $3.69 billion.

Shares of Fastly, Inc. (NASDAQ:FSLY - Get Free Report) have received a consensus rating of "Hold" from the thirteen analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $25.3333.

Several brokerages recently weighed in on FSLY. Royal Bank Of Canada raised their price target on shares of Fastly from $22.00 to $28.00 and gave the company a "sector perform" rating in a research report on Thursday, August 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Fastly in a research note on Friday, August 7th. Piper Sandler increased their target price on shares of Fastly from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Evercore reiterated an "outperform" rating on shares of Fastly in a research note on Thursday, August 6th. Finally, KeyCorp lifted their price objective on shares of Fastly from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th.

Insider Transactions at Fastly

In other Fastly news, insider Scott Lovett sold 41,716 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.77, for a total transaction of $741,293.32. Following the completion of the transaction, the insider owned 1,392,778 shares in the company, valued at $24,749,665.06. This trade represents a 2.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Wong sold 148,015 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $28.61, for a total transaction of $4,234,709.15. Following the completion of the transaction, the chief financial officer directly owned 1,091,286 shares of the company's stock, valued at approximately $31,221,692.46. This trade represents a 11.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 580,590 shares of company stock valued at $14,208,973 in the last ninety days. Corporate insiders own 4.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in Fastly by 84.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company's stock valued at $40,000 after purchasing an additional 633 shares during the last quarter. IFP Advisors Inc raised its position in Fastly by 1,621.7% during the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company's stock valued at $26,000 after purchasing an additional 1,346 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in Fastly in the first quarter worth about $44,000. EverSource Wealth Advisors LLC boosted its position 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. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Fastly during the 2nd quarter worth approximately $48,000. Institutional investors own 79.71% of the company's stock.

Fastly Trading Up 2.0%

Shares of NASDAQ FSLY opened at $23.16 on Friday. Fastly has a 1 year low of $7.62 and a 1 year high of $34.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The firm has a 50-day moving average of $22.61 and a 200 day moving average of $22.22. The stock has a market cap of $3.69 billion, a P/E ratio of -43.70 and a beta of 0.36.

Fastly (NASDAQ:FSLY - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.08. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The business had revenue of $183.32 million during the quarter, compared to the consensus estimate 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 expect that Fastly will post -0.29 EPS for the current fiscal year.

Fastly Company Profile

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly's product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.

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