KeyCorp Comments on Fastly’s Q1 Earnings (NASDAQ:FSLY)

Fastly, Inc. (NASDAQ:FSLY) – KeyCorp issued their Q1 2027 earnings per share (EPS) estimates for shares of Fastly in a research note issued on Wednesday, November 4th. KeyCorp analyst J. Ader anticipates that the company will post earnings of ($0.07) per share for the quarter. KeyCorp has an “Overweight” rating and a $30.00 price objective on the stock. The consensus estimate for Fastly’s current full-year earnings is ($0.27) per share. KeyCorp also issued estimates for Fastly’s Q2 2027 earnings at ($0.05) EPS, Q3 2027 earnings at ($0.05) EPS and Q4 2027 earnings at ($0.04) EPS.

A number of other equities analysts have also recently issued reports on FSLY. Bank of America raised their price objective on shares of Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a research note on Wednesday, September 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, November 4th. Raymond James Financial restated an “outperform” rating and issued a $24.00 price target on shares of Fastly in a research report on Thursday, November 5th. Freedom Capital raised Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Freedom Broker dropped their price objective on Fastly from $37.00 to $35.00 and set a “buy” rating for the company in a report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.00.

Fastly Trading Up 6.3%

FSLY opened at $17.26 on Thursday. The firm has a 50 day simple moving average of $23.62 and a 200 day simple moving average of $21.63. Fastly has a fifty-two week low of $7.87 and a fifty-two week high of $34.82. The company has a market cap of $2.78 billion, a price-to-earnings ratio of -43.15 and a beta of 0.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.07 and a quick ratio of 3.07.

Fastly (NASDAQ:FSLY) last issued its earnings results on Wednesday, November 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. Fastly had a negative net margin of 8.74% and a negative return on equity of 4.53%. The company had revenue of $190.19 million for the quarter, compared to analyst estimates of $187.82 million.

Insider Buying and Selling at Fastly

In other news, CTO Artur Bergman sold 37,039 shares of Fastly stock in a transaction on Monday, October 26th. The shares were sold at an average price of $25.48, for a total transaction of $943,753.72. Following the transaction, the chief technology officer directly owned 1,024,239 shares of the company’s stock, valued at $26,097,609.72. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Compton, III sold 8,941 shares of the business’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $24.98, for a total transaction of $223,346.18. Following the completion of the transaction, the chief executive officer directly owned 822,559 shares of the company’s stock, valued at $20,547,523.82. This trade represents a 1.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,323,893 shares of company stock worth $35,452,889. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings 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 valued at $36,888,000 after purchasing an additional 692,459 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in Fastly during the 1st quarter worth approximately $1,951,000. Castleark Management LLC bought a new stake in Fastly during the 1st quarter worth approximately $5,164,000. Wellington Management Group LLP acquired a new stake in Fastly during the 2nd quarter worth approximately $8,696,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Fastly during the 3rd quarter worth approximately $2,149,000. 79.71% of the stock is currently owned by institutional investors.

Fastly News Roundup

These are some of the FSLY news items that stood out recently:

• Positive Sentiment: KeyCorp maintained an Overweight rating and a $30 price target. Its 2027 forecasts anticipate quarterly losses narrowing from $0.07 per share in Q1 to $0.04 in Q4, suggesting a gradual improvement, although the estimates remain negative.
• Neutral Sentiment: Citi reaffirmed its Hold rating, indicating a wait-and-see stance rather than a clear near-term catalyst. Citi Reaffirms Their Hold Rating on Fastly
• Negative Sentiment: Freedom Broker reportedly cut its price target for FSLY, adding to downside pressure, though the available report does not specify the revised target. Fastly Stock Price Target Cut by Freedom Broker

About Fastly

Fastly, Inc. provides an edge cloud platform that helps businesses deliver and secure websites, applications, and digital content. Its services include content delivery, web application and API protection, DDoS mitigation, bot management, and tools for monitoring and analyzing internet traffic. The company also offers edge computing through Fastly Compute, which lets developers run code closer to users. Fastly’s platform is designed to help organizations improve the speed, reliability, and security of online services, and it serves customers across multiple industries and geographies.