Equities Analysts Offer Predictions for Fastly Q4 Earnings

Fastly, Inc. (NYSE:FSLY - Free Report) - Research analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of Fastly in a note issued to investors on Thursday, November 7th. DA Davidson analyst R. Kessinger anticipates that the company will earn ($0.19) per share for the quarter. DA Davidson has a "Neutral" rating and a $7.50 price objective on the stock. The consensus estimate for Fastly's current full-year earnings is ($0.96) per share.

Fastly (NYSE:FSLY - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.01. The company had revenue of $132.37 million during the quarter, compared to analyst estimates of $131.62 million. Fastly had a negative net margin of 31.02% and a negative return on equity of 15.22%. Fastly's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.32) earnings per share.

A number of other brokerages also recently commented on FSLY. Craig Hallum upped their target price on Fastly from $6.00 to $8.00 and gave the company a "hold" rating in a report on Thursday. Robert W. Baird upped their price objective on shares of Fastly from $7.00 to $8.00 and gave the stock a "neutral" rating in a report on Thursday. Royal Bank of Canada raised their target price on shares of Fastly from $6.00 to $7.00 and gave the stock a "sector perform" rating in a research report on Thursday. Piper Sandler boosted their price target on shares of Fastly from $6.00 to $8.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Morgan Stanley decreased their price target on shares of Fastly from $12.00 to $7.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $7.94.

Fastly Trading Down 6.2 %

FSLY traded down $0.50 during midday trading on Friday, reaching $7.67. 4,685,835 shares of the company's stock traded hands, compared to its average volume of 3,558,382. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -6.18 and a beta of 1.24. Fastly has a 52 week low of $5.52 and a 52 week high of $25.87. The firm has a fifty day moving average of $7.09 and a two-hundred day moving average of $7.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.13 and a quick ratio of 4.13.

Insider Transactions at Fastly

In other news, CTO Artur Bergman sold 16,748 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $6.18, for a total value of $103,502.64. Following the sale, the chief technology officer now directly owns 6,225,980 shares of the company's stock, valued at approximately $38,476,556.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Ronald W. Kisling sold 7,449 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $7.24, for a total value of $53,930.76. Following the completion of the transaction, the chief financial officer now directly owns 558,564 shares in the company, valued at $4,044,003.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Artur Bergman sold 16,748 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $6.18, for a total value of $103,502.64. Following the sale, the chief technology officer now owns 6,225,980 shares in the company, valued at approximately $38,476,556.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 192,628 shares of company stock valued at $1,287,959 in the last ninety days. 6.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Fastly by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,242 shares of the company's stock valued at $133,000 after purchasing an additional 863 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Fastly by 155.4% during the 1st quarter. Private Advisor Group LLC now owns 41,133 shares of the company's stock valued at $533,000 after buying an additional 25,030 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Fastly by 11.6% during the 1st quarter. BNP Paribas Financial Markets now owns 305,797 shares of the company's stock valued at $3,966,000 after buying an additional 31,749 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of Fastly in the 1st quarter worth $92,000. Finally, Quantbot Technologies LP grew its holdings in shares of Fastly by 364.2% in the first quarter. Quantbot Technologies LP now owns 68,824 shares of the company's stock worth $893,000 after acquiring an additional 53,998 shares during the period. Hedge funds and other 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.