Fastly, Inc. (NYSE:FSLY - Get Free Report) has received an average rating of "Hold" from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $8.55.
Several brokerages recently commented on FSLY. Royal Bank of Canada dropped their price target on shares of Fastly from $10.00 to $8.00 and set a "sector perform" rating for the company in a research report on Thursday. Piper Sandler reaffirmed a "neutral" rating and set a $9.00 price target (down previously from $10.00) on shares of Fastly in a research report on Thursday. Craig Hallum increased their price objective on shares of Fastly from $6.00 to $8.00 and gave the stock a "hold" rating in a research report on Thursday, November 7th. 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. Finally, Oppenheimer raised shares of Fastly from a "market perform" rating to an "outperform" rating and set a $12.00 price objective for the company in a research report on Monday, December 2nd.
Get Our Latest Analysis on Fastly
Fastly Trading Up 1.4 %
Shares of NYSE:FSLY traded up $0.12 during trading on Friday, reaching $8.09. The stock had a trading volume of 5,269,424 shares, compared to its average volume of 2,172,157. The business has a fifty day moving average price of $9.93 and a 200-day moving average price of $8.11. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.13 billion, a P/E ratio of -7.42 and a beta of 1.26. Fastly has a fifty-two week low of $5.52 and a fifty-two week high of $18.42.
Fastly (NYSE:FSLY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.22). Fastly had a negative net margin of 27.47% and a negative return on equity of 13.24%. As a group, analysts anticipate that Fastly will post -0.86 earnings per share for the current fiscal year.
Insider Buying and Selling at Fastly
In other news, CFO Ronald W. Kisling sold 12,500 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $10.00, for a total value of $125,000.00. Following the transaction, the chief financial officer now directly owns 525,850 shares in the company, valued at approximately $5,258,500. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Artur Bergman sold 29,858 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $10.07, for a total transaction of $300,670.06. Following the completion of the transaction, the chief technology officer now owns 6,088,236 shares in the company, valued at approximately $61,308,536.52. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 177,312 shares of company stock worth $1,770,133 in the last ninety days. 6.70% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of FSLY. AlphaQuest LLC increased its holdings in shares of Fastly by 169.1% in the 4th quarter. AlphaQuest LLC now owns 4,710 shares of the company's stock worth $44,000 after acquiring an additional 2,960 shares during the period. FMR LLC increased its stake in Fastly by 124.2% during the 3rd quarter. FMR LLC now owns 6,357 shares of the company's stock valued at $48,000 after buying an additional 3,522 shares during the period. Jones Financial Companies Lllp increased its stake in Fastly by 128.9% during the 4th quarter. Jones Financial Companies Lllp now owns 5,720 shares of the company's stock valued at $54,000 after buying an additional 3,221 shares during the period. Wealthfront Advisers LLC acquired a new position in Fastly during the 4th quarter valued at about $72,000. Finally, Canada Pension Plan Investment Board acquired a new position in Fastly during the 4th quarter valued at about $82,000. 79.71% of the stock is currently owned by institutional investors.
About Fastly
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Get Free ReportFastly, 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.
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