Fastly (NYSE:FSLY) Stock Price Expected to Rise, Citigroup Analyst Says

Fastly (NYSE:FSLY) had its price objective increased by investment analysts at Citigroup from $8.00 to $12.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 1.03% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Craig Hallum upgraded shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Thursday, August 7th. Piper Sandler increased their target price on shares of Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Royal Bank Of Canada boosted their price target on shares of Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. DA Davidson upped their price target on shares of Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.36.

Fastly Price Performance

NYSE FSLY opened at $11.88 on Tuesday. The firm’s 50-day simple moving average is $8.60 and its two-hundred day simple moving average is $7.64. Fastly has a 52 week low of $4.65 and a 52 week high of $12.54. The company has a quick ratio of 1.49, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.77 billion, a PE ratio of -12.37 and a beta of 1.21.

Fastly (NYSE:FSLY) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, topping the consensus estimate 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 net margin of 23.49% and a negative return on equity of 12.02%. Fastly’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last 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. Research analysts predict that Fastly will post -0.78 earnings per share for the current year.

Insider Activity at Fastly

In other Fastly news, insider Scott R. Lovett sold 178,931 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $8.28, for a total value of $1,481,548.68. Following the completion of the sale, the insider directly owned 1,165,185 shares of the company’s stock, valued at $9,647,731.80. The trade was a 13.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Artur Bergman sold 220,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $10.67, for a total transaction of $2,347,400.00. Following the sale, the chief technology officer owned 3,121,276 shares of the company’s stock, valued at approximately $33,304,014.92. The trade was a 6.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 857,933 shares of company stock worth $7,647,559 over the last three months. Insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Fastly

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas bought a new stake in Fastly in the first quarter valued at approximately $123,000. Bank of New York Mellon Corp boosted its position in Fastly by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,796,501 shares of the company’s stock valued at $11,372,000 after buying an additional 75,904 shares during the period. CWM LLC grew its holdings in Fastly by 37.9% in the 1st quarter. CWM LLC now owns 17,371 shares of the company’s stock worth $110,000 after acquiring an additional 4,777 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Fastly by 33.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 22,646 shares of the company’s stock worth $143,000 after acquiring an additional 5,639 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in shares of Fastly in the first quarter valued at about $111,000. Institutional investors 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.