Q1 Earnings Estimate for Fastly Issued By DA Davidson

Fastly, Inc. (NYSE:FSLY - Free Report) - Analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Fastly in a research report issued on Thursday, February 13th. DA Davidson analyst R. Kessinger anticipates that the company will post earnings per share of ($0.25) for the quarter. DA Davidson has a "Neutral" rating and a $7.50 price target on the stock. The consensus estimate for Fastly's current full-year earnings is ($0.78) per share. DA Davidson also issued estimates for Fastly's FY2025 earnings at ($0.85) EPS and FY2026 earnings at ($0.79) EPS.

Fastly (NYSE:FSLY - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). Fastly had a negative return on equity of 12.75% and a negative net margin of 29.07%.

Other research analysts also recently issued reports about the company. Robert W. Baird increased their price objective on Fastly from $7.00 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Craig Hallum increased their target price on shares of Fastly from $6.00 to $8.00 and gave the company a "hold" rating in a research report on Thursday, November 7th. Citigroup boosted their price target on shares of Fastly from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. Piper Sandler reiterated a "neutral" rating and issued a $9.00 price objective (down previously from $10.00) on shares of Fastly in a report on Thursday, February 13th. Finally, Royal Bank of Canada lowered their target price on Fastly from $10.00 to $8.00 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $8.55.

Fastly Price Performance

Shares of NYSE FSLY traded down $0.06 during midday trading on Monday, hitting $7.83. The stock had a trading volume of 2,302,484 shares, compared to its average volume of 3,144,348. 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 50 day simple moving average of $9.77 and a 200-day simple moving average of $8.12. The company has a market capitalization of $1.10 billion, a PE ratio of -6.86 and a beta of 1.26. Fastly has a 1 year low of $5.52 and a 1 year high of $15.03.

Insider Activity

In other Fastly news, CTO Artur Bergman sold 29,858 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $10.07, for a total value 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 $61,308,536.52. The trade was a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Todd Nightingale sold 12,163 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $8.12, for a total value of $98,763.56. Following the sale, the chief executive officer now directly owns 1,588,810 shares in the company, valued at $12,901,137.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 177,312 shares of company stock valued at $1,770,133 in the last quarter. Insiders own 6.70% of the company's stock.

Institutional Investors Weigh In On Fastly

Several large investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its position in shares of Fastly by 11,140.2% during the third quarter. Bank of Montreal Can now owns 1,305,101 shares of the company's stock worth $9,867,000 after buying an additional 1,293,490 shares in the last quarter. Quadrature Capital Ltd lifted its stake in Fastly by 84.2% in the third quarter. Quadrature Capital Ltd now owns 112,085 shares of the company's stock worth $848,000 after acquiring an additional 51,224 shares during the last quarter. Penserra Capital Management LLC grew its stake in shares of Fastly by 18.8% during the third quarter. Penserra Capital Management LLC now owns 5,075,127 shares of the company's stock worth $38,418,000 after purchasing an additional 801,968 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Fastly during the 3rd quarter worth about $400,000. Finally, Zacks Investment Management purchased a new stake in shares of Fastly during the 3rd quarter worth approximately $914,000. 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.