DA Davidson Comments on Fastly's Q2 Earnings (NYSE:FSLY)

Fastly, Inc. (NYSE:FSLY - Free Report) - Investment analysts at DA Davidson issued their Q2 2025 EPS estimates for Fastly in a report issued on Thursday, May 8th. DA Davidson analyst R. Kessinger forecasts that the company will post earnings per share of ($0.24) for the quarter. The consensus estimate for Fastly's current full-year earnings is ($0.78) per share. DA Davidson also issued estimates for Fastly's FY2025 earnings at ($0.83) EPS and FY2026 earnings at ($0.85) EPS.

Several other equities analysts also recently issued reports on FSLY. Oppenheimer started coverage on Fastly in a research report on Thursday, March 20th. They issued a "market perform" rating on the stock. Royal Bank of Canada increased their price target on shares of Fastly from $5.00 to $6.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Citigroup increased their price objective on shares of Fastly from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. Morgan Stanley boosted their target price on shares of Fastly from $7.00 to $8.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Finally, Piper Sandler increased their price target on Fastly from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Nine research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $8.28.

Fastly Stock Up 0.9%

Shares of FSLY stock traded up $0.07 during trading hours on Monday, reaching $8.17. 3,072,408 shares of the company's stock were exchanged, compared to its average volume of 3,139,950. The stock has a market cap of $1.18 billion, a PE ratio of -7.17 and a beta of 1.47. Fastly has a 1 year low of $4.65 and a 1 year high of $12.08. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.36. The stock's fifty day moving average price is $6.19 and its two-hundred day moving average price is $7.94.

Fastly (NYSE:FSLY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.01. The business had revenue of $144.47 million for the quarter, compared to the consensus estimate of $138.40 million. Fastly had a negative return on equity of 12.75% and a negative net margin of 29.07%. The business's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted ($0.05) EPS.

Hedge Funds Weigh In On Fastly

Several hedge funds have recently bought and sold shares of FSLY. AlphaQuest LLC increased its stake in Fastly by 169.1% during the fourth quarter. AlphaQuest LLC now owns 4,710 shares of the company's stock worth $44,000 after purchasing an additional 2,960 shares during the period. GAMMA Investing LLC grew its holdings in shares of Fastly by 451.7% in the first quarter. GAMMA Investing LLC now owns 7,261 shares of the company's stock valued at $46,000 after purchasing an additional 5,945 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Fastly by 128.9% during the 4th quarter. Jones Financial Companies Lllp now owns 5,720 shares of the company's stock worth $54,000 after buying an additional 3,221 shares during the period. Wealthfront Advisers LLC acquired a new stake in Fastly during the 4th quarter worth approximately $72,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Fastly during the 4th quarter worth approximately $82,000. Institutional investors and hedge funds own 79.71% of the company's stock.

Insider Activity at Fastly

In other Fastly news, CFO Ronald W. Kisling sold 5,342 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $5.26, for a total transaction of $28,098.92. Following the completion of the transaction, the chief financial officer now owns 665,693 shares of the company's stock, valued at $3,501,545.18. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Todd Nightingale sold 35,509 shares of Fastly stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.04, for a total transaction of $285,492.36. Following the completion of the sale, the chief executive officer now owns 1,553,301 shares of the company's stock, valued at $12,488,540.04. This trade represents a 2.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,903 shares of company stock valued at $692,827. 6.70% of the stock is owned by company insiders.

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.