Analysts Set Fastly, Inc. (NYSE:FSLY) Price Target at $10.64

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

FSLY has been the subject of a number of research analyst reports. Citigroup increased their price target on Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Oppenheimer began coverage on Fastly in a research report on Monday, November 17th. They set a “market perform” rating for the company. DA Davidson lifted their target price on Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their price objective on shares of Fastly from $9.00 to $10.00 and gave the stock a “sector perform” rating in a report on Monday.

Insider Activity at Fastly

In other Fastly news, CTO Artur Bergman sold 40,000 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $10.27, for a total value of $410,800.00. Following the sale, the chief technology officer directly owned 2,690,579 shares in the company, valued at $27,632,246.33. The trade was a 1.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott R. Lovett sold 42,118 shares of the company’s 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 represents a 4.03% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 886,944 shares of company stock valued at $9,258,075. 6.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fastly

Large investors have recently added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new stake in Fastly during the first quarter valued at about $38,000. Byrne Asset Management LLC bought a new position in Fastly in the 3rd quarter worth approximately $43,000. Quarry LP purchased a new position in Fastly in the 3rd quarter valued at approximately $49,000. Geneos Wealth Management Inc. bought a new stake in Fastly during the 1st quarter valued at $52,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Fastly during the 3rd quarter valued at $56,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Fastly Stock Performance

Shares of FSLY stock opened at $10.53 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a 50-day moving average of $10.59 and a 200-day moving average of $8.63. Fastly has a one year low of $4.65 and a one year high of $12.59. The company has a market cap of $1.57 billion, a P/E ratio of -10.97 and a beta of 0.98.

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

About Fastly

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.