Fastly, Inc. (NYSE:FSLY) Receives $8.85 Average Target Price from Analysts

Fastly, Inc. (NYSE:FSLY) has been given a consensus rating of “Hold” by the ten ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $8.85.

Several research analysts have commented on the stock. DA Davidson lifted their price objective on shares of Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their price target on shares of Fastly from $7.00 to $10.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. Robert W. Baird increased their price objective on shares of Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Raymond James lowered Fastly from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 1st. Finally, Craig Hallum increased their price target on Fastly from $6.00 to $8.00 and gave the stock a “hold” rating in a report on Thursday, November 7th.

Insider Transactions at Fastly

In other Fastly news, CFO Ronald W. Kisling sold 6,038 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $9.45, for a total transaction of $57,059.10. Following the sale, the chief financial officer now owns 519,812 shares of the company’s stock, valued at approximately $4,912,223.40. This trade represents a 1.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd Nightingale sold 49,816 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.25, for a total value of $311,350.00. Following the sale, the chief executive officer now directly owns 1,600,973 shares in the company, valued at approximately $10,006,081.25. The trade was a 3.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 247,779 shares of company stock valued at $2,050,359. 6.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FSLY. Wealth Effects LLC increased its position in Fastly by 21.1% during the 4th quarter. Wealth Effects LLC now owns 28,651 shares of the company’s stock valued at $270,000 after buying an additional 5,000 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Fastly by 56.6% during the fourth quarter. SG Americas Securities LLC now owns 346,632 shares of the company’s stock valued at $3,272,000 after acquiring an additional 125,275 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Fastly by 2.5% during 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 in the last quarter. Geode Capital Management LLC boosted its stake in Fastly by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,015,455 shares of the company’s stock worth $22,831,000 after purchasing an additional 46,951 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Fastly during the 3rd quarter worth approximately $183,000. Institutional investors own 79.71% of the company’s stock.

Fastly Trading Up 1.0 %

Shares of FSLY opened at $9.70 on Monday. The stock has a market capitalization of $1.36 billion, a PE ratio of -8.89 and a beta of 1.24. The company’s fifty day moving average is $9.23 and its 200 day moving average is $7.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.97 and a current ratio of 3.97. Fastly has a fifty-two week low of $5.52 and a fifty-two week high of $25.87.

Fastly (NYSE:FSLY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.08. The company had revenue of $137.21 million for the quarter, compared to analysts’ expectations of $131.86 million. Fastly had a negative return on equity of 13.24% and a negative net margin of 27.47%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.33) earnings per share. Sell-side analysts expect that Fastly will post -0.86 earnings per share for the current fiscal year.

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.