Brokerages Set Fastly, Inc. (NASDAQ:FSLY) Price Target at $25.33

Shares of Fastly, Inc. (NASDAQ:FSLY) have been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $25.3333.

Several equities research analysts have commented on the stock. KeyCorp boosted their price target on shares of Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Piper Sandler raised their price objective on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Evercore reaffirmed an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. Canaccord Genuity Group initiated coverage on shares of Fastly in a report on Friday, July 17th. They issued a “buy” rating and a $27.00 target price on the stock. Finally, Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th.

Insider Activity at Fastly

In related news, insider Scott R. Lovett sold 19,624 shares of Fastly stock in a transaction on Monday, August 31st. The stock was sold at an average price of $23.00, for a total transaction of $451,352.00. Following the completion of the sale, the insider owned 1,358,218 shares of the company’s stock, valued at approximately $31,239,014. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Artur Bergman sold 32,387 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $28.60, for a total value of $926,268.20. Following the completion of the transaction, the chief technology officer owned 2,005,191 shares in the company, valued at $57,348,462.60. This trade represents a 1.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 587,926 shares of company stock valued at $14,915,391. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Fastly

Several institutional investors have recently made changes to their positions in FSLY. Bank of America Corp DE increased its stake in shares of Fastly by 120.0% during the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after purchasing an additional 692,459 shares during the last quarter. Convergence Investment Partners LLC acquired a new stake in shares of Fastly in the 1st quarter valued at $1,951,000. Range Financial Group LLC bought a new stake in Fastly in the first quarter worth $1,667,000. Castleark Management LLC bought a new stake in Fastly in the first quarter worth $5,164,000. Finally, Wellington Management Group LLP acquired a new position in Fastly during the second quarter worth $8,696,000. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Fastly Stock Performance

Shares of NASDAQ FSLY opened at $23.54 on Friday. Fastly has a 1 year low of $7.74 and a 1 year high of $34.82. The firm has a market cap of $3.75 billion, a P/E ratio of -44.42 and a beta of 0.36. The stock has a fifty day moving average price of $22.93 and a two-hundred day moving average price of $22.39. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36.

Fastly (NASDAQ:FSLY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The company had revenue of $183.32 million for the quarter, compared to the consensus estimate of $173.94 million. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. Research analysts forecast that Fastly will post -0.29 EPS for the current fiscal year.

Fastly Company Profile

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.