Fastly, Inc. (NYSE:FSLY) Given Consensus Recommendation of “Hold” by Brokerages

Fastly, Inc. (NYSE:FSLY) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.9286.

FSLY has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a report on Wednesday, October 8th. KeyCorp raised shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a report on Monday, December 15th. DA Davidson increased their price target on shares of Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Citigroup upped their target price on shares of Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th.

Fastly Stock Performance

Shares of FSLY opened at $9.31 on Monday. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -9.70 and a beta of 0.98. Fastly has a 52-week low of $4.65 and a 52-week high of $12.59. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $10.65 and a 200 day moving average price of $8.68.

Fastly (NYSE:FSLY) last posted its earnings results on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. The firm had revenue of $158.22 million for the quarter, compared to the consensus estimate of $151.04 million. During the same period last year, the firm posted $0.02 EPS. The company’s revenue was up 15.3% on a year-over-year basis. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. Research analysts predict that Fastly will post -0.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Scott R. Lovett sold 42,118 shares of Fastly stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $10.10, for a total value of $425,391.80. Following the transaction, the insider directly owned 1,002,137 shares in the company, valued at $10,121,583.70. This trade represents a 4.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Artur Bergman sold 40,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $10.27, for a total transaction of $410,800.00. Following the completion of the transaction, the chief technology officer directly owned 2,690,579 shares in the company, valued at $27,632,246.33. This represents a 1.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 866,944 shares of company stock valued at $9,093,675 over the last ninety days. 6.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Caxton Associates LLP acquired a new position in Fastly during the first quarter worth about $800,000. Los Angeles Capital Management LLC purchased a new stake in shares of Fastly during the 2nd quarter worth approximately $171,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Fastly during the 2nd quarter worth approximately $741,000. Geode Capital Management LLC grew its holdings in shares of Fastly by 6.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,212,253 shares of the company’s stock worth $22,681,000 after acquiring an additional 189,423 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Fastly in the 2nd quarter valued at approximately $557,000. 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.