Wall Street Zen Upgrades Fastly (NYSE:FSLY) to Buy

Fastly (NYSE:FSLY) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other equities analysts also recently commented on FSLY. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price target on shares of Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Citigroup increased their price target on Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday. Piper Sandler boosted their price objective on Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Finally, DA Davidson boosted their price target on Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.36.

Fastly Stock Performance

NYSE:FSLY opened at $11.25 on Friday. Fastly has a twelve month low of $4.65 and a twelve month high of $12.54. The company has a quick ratio of 1.49, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock’s 50-day simple moving average is $8.76 and its 200 day simple moving average is $7.70. The firm has a market capitalization of $1.68 billion, a PE ratio of -11.72 and a beta of 1.21.

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

Insider Activity

In other news, CTO Artur Bergman sold 220,000 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $10.67, for a total value of $2,347,400.00. Following the completion of the sale, the chief technology officer owned 3,121,276 shares of the company’s stock, valued at approximately $33,304,014.92. This represents a 6.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott R. Lovett sold 178,931 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $8.28, for a total value of $1,481,548.68. Following the transaction, the insider owned 1,165,185 shares of the company’s stock, valued at $9,647,731.80. This trade represents a 13.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 860,651 shares of company stock worth $7,681,561 over the last ninety days. Company insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FSLY. Caxton Associates LLP acquired a new stake in shares of Fastly during the first quarter worth $800,000. Hussman Strategic Advisors Inc. acquired a new position in Fastly in the second quarter valued at $741,000. Hsbc Holdings PLC boosted its position in Fastly by 6.1% during the first quarter. Hsbc Holdings PLC now owns 27,938 shares of the company’s stock valued at $175,000 after acquiring an additional 1,612 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Fastly during the 2nd quarter worth about $557,000. Finally, Versor Investments LP acquired a new stake in Fastly during the 2nd quarter worth about $217,000. Institutional investors own 79.71% of the company’s stock.

About Fastly

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.