Fastly, Inc. (NYSE:FSLY) has earned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $79.91.

Several analysts recently weighed in on FSLY shares. BofA Securities lowered Fastly from a “buy” rating to an “underperform” rating in a research note on Friday, July 10th. Credit Suisse Group reduced their price objective on Fastly from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. They noted that the move was a valuation call. Robert W. Baird lowered Fastly from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $105.00 to $85.00 in a research note on Thursday, October 15th. Citigroup lowered Fastly from a “neutral” rating to a “sell” rating in a research note on Thursday, July 9th. Finally, FBN Securities started coverage on Fastly in a research note on Wednesday, August 19th. They issued an “outperform” rating and a $90.00 price objective on the stock.

Shares of NYSE FSLY traded down $2.64 during mid-day trading on Friday, reaching $73.71. The company had a trading volume of 176,401 shares, compared to its average volume of 6,799,835. The company has a debt-to-equity ratio of 0.05, a quick ratio of 13.72 and a current ratio of 13.72. Fastly has a one year low of $10.63 and a one year high of $136.50. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of -134.55 and a beta of 0.94. The business’s 50-day simple moving average is $92.47 and its 200 day simple moving average is $67.67.

Fastly (NYSE:FSLY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.09. Fastly had a negative return on equity of 16.02% and a negative net margin of 21.39%. The company had revenue of $74.66 million for the quarter, compared to analysts’ expectations of $71.65 million. On average, sell-side analysts anticipate that Fastly will post -0.51 EPS for the current year.

In related news, CFO Adriel G. Lares sold 4,000 shares of Fastly stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $77.82, for a total value of $311,280.00. Following the transaction, the chief financial officer now directly owns 214,040 shares of the company’s stock, valued at $16,656,592.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Artur Bergman sold 92,308 shares of Fastly stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $83.64, for a total value of $7,720,641.12. Following the completion of the transaction, the insider now directly owns 380,855 shares in the company, valued at $31,854,712.20. The disclosure for this sale can be found here. Insiders have sold 2,110,011 shares of company stock worth $181,802,734 over the last three months. Insiders own 24.33% of the company’s stock.

Several institutional investors have recently bought and sold shares of FSLY. State Street Corp lifted its stake in shares of Fastly by 205.7% in the first quarter. State Street Corp now owns 54,000 shares of the company’s stock worth $1,025,000 after acquiring an additional 36,335 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Fastly by 62.9% in the first quarter. Parametric Portfolio Associates LLC now owns 125,577 shares of the company’s stock worth $2,383,000 after purchasing an additional 48,481 shares in the last quarter. Legal & General Group Plc bought a new stake in Fastly in the first quarter worth approximately $49,000. Wellington Management Group LLP bought a new stake in Fastly in the first quarter worth approximately $313,000. Finally, Geode Capital Management LLC increased its holdings in Fastly by 0.3% in the first quarter. Geode Capital Management LLC now owns 102,946 shares of the company’s stock worth $1,953,000 after purchasing an additional 292 shares in the last quarter. 61.15% of the stock is currently owned by institutional investors.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications. 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. It is a programmable platform designed for Web and application delivery.

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Analyst Recommendations for Fastly (NYSE:FSLY)

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