Fastly, Inc. (NASDAQ:FSLY) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Fastly has a consensus “Hold” rating among 15 brokerages, with two sell ratings, six hold ratings, six buy ratings and one strong-buy rating. Analysts’ average 12-month price target is $26.73.
• Fastly reported quarterly EPS of $0.15, beating the $0.07 consensus estimate, while revenue of $183.32 million also exceeded expectations of $173.94 million. Despite the earnings beat, analysts project a full-year loss of $0.29 per share.
• Insiders sold 1.24 million shares worth approximately $33.3 million during the last quarter, including substantial sales by the CFO and CTO; institutional investors own 79.71% of the company.

Shares of Fastly, Inc. (NASDAQ:FSLY - Get Free Report) have earned a consensus rating of "Hold" from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $26.73.

Several research analysts recently weighed in on the stock. Raymond James Financial reissued an "outperform" rating on shares of Fastly in a research note on Wednesday, September 23rd. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $25.00 target price on shares of Fastly in a research note on Wednesday, September 23rd. 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 reissued an "outperform" rating on shares of Fastly in a research report on Wednesday, September 23rd. Finally, Bank of America boosted their price target on shares of Fastly from $20.00 to $22.00 and gave the company an "underperform" rating in a report on Wednesday, September 23rd.

Fastly Trading Down 1.9%

NASDAQ FSLY opened at $25.51 on Wednesday. Fastly has a 12 month low of $7.74 and a 12 month high of $34.82. The stock has a 50-day simple moving average of $24.51 and a 200 day simple moving average of $22.74. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $4.06 billion, a PE ratio of -48.13 and a beta of 0.31.

Fastly (NASDAQ:FSLY - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.08. The firm had revenue of $183.32 million for the quarter, compared to analysts' expectations of $173.94 million. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. Research analysts forecast that Fastly will post -0.29 EPS for the current year.

Insider Transactions at Fastly

In other news, CFO Richard Wong sold 148,015 shares of Fastly stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $28.61, for a total transaction of $4,234,709.15. Following the transaction, the chief financial officer owned 1,091,286 shares in the company, valued at $31,221,692.46. The trade was a 11.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Artur Bergman sold 379,602 shares of Fastly stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $30.16, for a total value of $11,448,796.32. Following the transaction, the chief technology officer owned 1,138,358 shares in the company, valued at $34,332,877.28. This trade represents a 25.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,243,371 shares of company stock valued at $33,335,165. Insiders own 4.20% of the company's stock.

Institutional Trading of Fastly

Several hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in Fastly by 39.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company's stock worth $64,000 after acquiring an additional 627 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Fastly by 84.6% in the first 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 in the last quarter. Cim Investment Management Inc. increased its position in shares of Fastly by 7.4% during the 2nd quarter. Cim Investment Management Inc. now owns 10,816 shares of the company's stock worth $199,000 after purchasing an additional 747 shares during the last quarter. IFP Advisors Inc increased its position in shares of Fastly by 1,621.7% during the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company's stock worth $26,000 after purchasing an additional 1,346 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of Fastly during the 1st quarter worth approximately $44,000. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Fastly Company Profile

Fastly, Inc NASDAQ: FSLY is a technology company that provides an edge cloud platform designed to help businesses deliver, secure and operate digital applications and content closer to end users. Its platform supports websites, mobile applications, APIs, streaming media and other internet services by processing data at the edge of the network, helping organizations improve performance, scalability and reliability.

Fastly's products and services include content delivery, edge computing, application programming interface (API) services, cloud security and observability tools.

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