Fastly, Inc. (NYSE:FSLY) Receives $8.25 Average Target Price from Analysts

Fastly, Inc. (NYSE:FSLY - Get Free Report) has earned an average rating of "Hold" from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $8.28.

Several equities analysts recently weighed in on the company. Royal Bank of Canada cut their price objective on Fastly from $10.00 to $8.00 and set a "sector perform" rating for the company in a research report on Thursday, February 13th. Morgan Stanley dropped their target price on shares of Fastly from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Oppenheimer started coverage on shares of Fastly in a report on Thursday, March 20th. They issued a "market perform" rating for the company. Piper Sandler cut their price objective on shares of Fastly from $9.00 to $6.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Citigroup boosted their price target on Fastly from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, January 17th.

Insider Transactions at Fastly

In other Fastly news, CTO Artur Bergman sold 10,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $10.58, for a total value of $105,800.00. Following the transaction, the chief technology officer now directly owns 3,364,136 shares in the company, valued at approximately $35,592,558.88. This trade represents a 0.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ronald W. Kisling sold 5,342 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $5.26, for a total value of $28,098.92. Following the completion of the transaction, the chief financial officer now owns 665,693 shares in the company, valued at approximately $3,501,545.18. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,903 shares of company stock valued at $798,627 in the last three months. 6.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. 180 Wealth Advisors LLC boosted its stake in Fastly by 2.5% in the fourth quarter. 180 Wealth Advisors LLC now owns 68,643 shares of the company's stock valued at $648,000 after acquiring an additional 1,695 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Fastly by 12.4% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,852 shares of the company's stock valued at $113,000 after buying an additional 1,975 shares during the period. AlphaQuest LLC boosted its holdings 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 buying an additional 2,960 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Fastly by 1.6% in the 4th quarter. Rhumbline Advisers now owns 192,131 shares of the company's stock valued at $1,814,000 after acquiring an additional 3,081 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Fastly by 128.9% in the 4th quarter. Jones Financial Companies Lllp now owns 5,720 shares of the company's stock valued at $54,000 after acquiring an additional 3,221 shares during the period. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Fastly Stock Up 0.6 %

FSLY traded up $0.04 on Wednesday, reaching $5.90. 135,925 shares of the company traded hands, compared to its average volume of 3,113,913. The company has a market cap of $852.92 million, a price-to-earnings ratio of -5.14 and a beta of 1.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 3.97. The stock's 50 day moving average price is $6.18 and its 200-day moving average price is $7.95. Fastly has a 52-week low of $4.65 and a 52-week high of $12.08.

Fastly (NYSE:FSLY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). Fastly had a negative return on equity of 12.75% and a negative net margin of 29.07%. On average, sell-side analysts expect that Fastly will post -0.78 EPS for the current fiscal year.

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.