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

Key Points

• Analysts have a consensus “Hold” rating on Fastly, with one sell, six hold, five buy and one strong-buy recommendation. The average 12-month price target is $25.33.
• Fastly’s latest quarterly results exceeded expectations, with EPS of $0.15 versus the $0.07 consensus estimate and revenue of $183.32 million versus $173.94 million expected. However, the company continues to report a negative net margin and analysts expect a full-year loss.
• Insiders have sold 166,089 shares worth approximately $3.14 million over the past 90 days, while institutional investors own a substantial 79.71% of Fastly’s stock.

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

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Fastly in a research report on Friday, August 7th. Evercore restated an "outperform" rating on shares of Fastly in a research report on Thursday, August 6th. Canaccord Genuity Group started coverage on shares of Fastly in a research note on Friday, July 17th. They set a "buy" rating and a $27.00 target price on the stock. Raymond James Financial reaffirmed an "outperform" rating and issued a $29.00 target price on shares of Fastly in a report on Thursday, August 6th. Finally, Freedom Capital upgraded Fastly to a "strong-buy" rating in a research note on Thursday, July 16th.

Fastly Trading Down 3.0%

Shares of NASDAQ:FSLY opened at $29.04 on Tuesday. The stock has a 50 day moving average of $20.76 and a 200 day moving average of $20.92. The company has a market cap of $4.63 billion, a PE ratio of -54.79 and a beta of 0.34. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. Fastly has a 12-month low of $6.84 and a 12-month high of $34.82.

Fastly (NASDAQ:FSLY - Get Free Report) last released its earnings results 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 net margin of 11.80% and a negative return on equity of 6.31%. The company had revenue of $183.32 million during the quarter, compared to analyst estimates 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, equities research analysts expect that Fastly will post -0.29 EPS for the current year.

Insiders Place Their Bets

In related news, Director Richard Devon Daniels sold 11,080 shares of Fastly stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $22.90, for a total transaction of $253,732.00. Following the sale, the director owned 51,197 shares of the company's stock, valued at approximately $1,172,411.30. This trade represents a 17.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Artur Bergman sold 7,889 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $20.96, for a total value of $165,353.44. Following the completion of the transaction, the chief technology officer directly owned 2,038,638 shares in the company, valued at approximately $42,729,852.48. This represents a 0.39% 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 ninety days, insiders sold 166,089 shares of company stock valued at $3,144,116. Insiders own 4.20% of the company's stock.

Institutional Investors Weigh In On Fastly

A number of institutional investors have recently added to or reduced their stakes in FSLY. Vanguard Group Inc. raised its position in shares of Fastly by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company's stock valued at $172,825,000 after buying an additional 310,234 shares during the last quarter. Morgan Stanley boosted its position in shares of Fastly by 14.7% during the fourth quarter. Morgan Stanley now owns 8,339,234 shares of the company's stock worth $84,893,000 after acquiring an additional 1,071,222 shares during the last quarter. First Trust Advisors LP grew its stake in Fastly by 100.5% during the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company's stock valued at $204,349,000 after acquiring an additional 3,524,763 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in Fastly by 2,795.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company's stock valued at $48,754,000 after acquiring an additional 4,623,767 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Fastly by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company's stock valued at $35,380,000 after acquiring an additional 117,213 shares during the last quarter. 79.71% of the stock is owned by hedge funds and other institutional investors.

Fastly Company Profile

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.

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