Fastly (NYSE:FSLY) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Fastly (NYSE:FSLY) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other research firms have also weighed in on FSLY. Craig Hallum upgraded Fastly from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. Piper Sandler lifted their target price on shares of Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Citigroup boosted their price target on shares of Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Finally, DA Davidson raised their price objective 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. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.36.

Fastly Trading Down 1.6%

Shares of NYSE:FSLY opened at $11.25 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.49 and a current ratio of 1.46. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -11.72 and a beta of 1.21. Fastly has a 1-year low of $4.65 and a 1-year high of $12.54. The company has a 50 day moving average price of $8.76 and a 200 day moving average price of $7.71.

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

Insider Activity at Fastly

In related news, CEO Charles Lacey Compton III sold 11,378 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $8.41, for a total transaction of $95,688.98. Following the transaction, the chief executive officer directly owned 659,313 shares of the company’s stock, valued at approximately $5,544,822.33. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Artur Bergman sold 2,718 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $12.51, for a total transaction of $34,002.18. Following the completion of the sale, the chief technology officer owned 3,078,558 shares of the company’s stock, valued at approximately $38,512,760.58. The trade was a 0.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 860,651 shares of company stock valued at $7,681,561. 6.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Fastly

Institutional investors have recently bought and sold shares of the company. Banque Transatlantique SA acquired a new position in Fastly in the 1st quarter worth about $38,000. Byrne Asset Management LLC bought a new stake in shares of Fastly in the 3rd quarter valued at approximately $43,000. Geneos Wealth Management Inc. acquired a new position in Fastly in the first quarter worth approximately $52,000. Pilgrim Partners Asia Pte Ltd bought a new position in Fastly during the third quarter valued at approximately $56,000. Finally, State of Alaska Department of Revenue acquired a new stake in Fastly in the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Fastly Company Profile

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.