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

Fastly, Inc. (NASDAQ:FSLY) has been given a consensus rating of “Hold” by the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $25.3333.

FSLY has been the topic of several recent research reports. Evercore restated an “outperform” rating on shares of Fastly in a research report on Thursday, August 6th. KeyCorp increased their target price on Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Raymond James Financial restated an “outperform” rating and set a $29.00 target price on shares of Fastly in a report on Thursday, August 6th. Canaccord Genuity Group assumed coverage on Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 target price for the company. Finally, Piper Sandler upped their price target on Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th.

Fastly Trading Up 7.3%

FSLY opened at $24.86 on Friday. The firm has a 50 day simple moving average of $22.74 and a 200 day simple moving average of $22.31. Fastly has a fifty-two week low of $7.74 and a fifty-two week high of $34.82. The company has a market cap of $3.96 billion, a price-to-earnings ratio of -46.91 and a beta of 0.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36.

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

Insider Activity

In related news, insider Scott Lovett sold 41,716 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $17.77, for a total transaction of $741,293.32. Following the completion of the transaction, the insider owned 1,392,778 shares in the company, valued at approximately $24,749,665.06. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Artur Bergman sold 32,387 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $28.60, for a total transaction of $926,268.20. Following the completion of the sale, the chief technology officer directly owned 2,005,191 shares of the company’s stock, valued at $57,348,462.60. The trade was a 1.59% 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. Insiders sold 545,671 shares of company stock worth $13,575,194 over the last quarter. 4.20% of the stock is owned by insiders.

Institutional Trading of Fastly

A number of large investors have recently made changes to their positions in FSLY. Integrated Wealth Concepts LLC acquired a new stake in Fastly during the 2nd quarter worth $48,000. IFP Advisors Inc grew its stake in Fastly by 1,621.7% in the second quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock valued at $26,000 after acquiring an additional 1,346 shares during the period. Spark Investment Management LLC acquired a new position in Fastly in the second quarter valued at about $340,000. Nykredit A S bought a new stake in shares of Fastly in the second quarter worth about $77,000. Finally, California State Teachers Retirement System increased its holdings in shares of Fastly by 1,683.4% in the second quarter. California State Teachers Retirement System now owns 2,932,680 shares of the company’s stock worth $53,844,000 after acquiring an additional 2,768,234 shares in the last quarter. Institutional investors own 79.71% of the company’s stock.

About Fastly

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.