Fastly (NYSE:FSLY) Given New $9.00 Price Target at Royal Bank Of Canada

Fastly (NYSE:FSLY) had its price objective increased by research analysts at Royal Bank Of Canada from $7.00 to $9.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential downside of 10.93% from the company’s current price.

Several other equities research analysts also recently issued reports on FSLY. Craig Hallum upgraded shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Fastly currently has an average rating of “Hold” and a consensus target price of $9.31.

Fastly Price Performance

Shares of FSLY traded up $2.03 on Thursday, hitting $10.10. The company’s stock had a trading volume of 9,906,405 shares, compared to its average volume of 2,975,471. The company has a market capitalization of $1.49 billion, a PE ratio of -9.81 and a beta of 1.21. Fastly has a fifty-two week low of $4.65 and a fifty-two week high of $12.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.49. The company has a 50 day moving average price of $8.19 and a 200 day moving average price of $7.42.

Fastly (NYSE:FSLY) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $158.22 million during the quarter, compared to analysts’ expectations of $151.04 million. Fastly had a negative net margin of 25.85% and a negative return on equity of 11.98%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS. FY 2025 guidance at 0.030-0.070 EPS. On average, research analysts anticipate that Fastly will post -0.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Fastly

In other news, insider Scott R. Lovett sold 178,931 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $8.28, for a total transaction of $1,481,548.68. Following the completion of the sale, the insider directly owned 1,165,185 shares of the company’s stock, valued at $9,647,731.80. The trade was a 13.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Artur Bergman sold 58,138 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $7.41, for a total transaction of $430,802.58. Following the completion of the sale, the chief technology officer directly owned 3,521,276 shares of the company’s stock, valued at $26,092,655.16. The trade was a 1.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 597,933 shares of company stock worth $4,823,359. 6.70% of the stock is owned by company insiders.

Institutional Trading of Fastly

A number of institutional investors have recently modified their holdings of the business. Caxton Associates LLP bought a new position in shares of Fastly during the 1st quarter valued at $800,000. Hussman Strategic Advisors Inc. bought a new position in shares of Fastly during the 2nd quarter valued at $741,000. Hsbc Holdings PLC grew its holdings in shares of Fastly by 6.1% during the 1st quarter. Hsbc Holdings PLC now owns 27,938 shares of the company’s stock valued at $175,000 after purchasing an additional 1,612 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Fastly during the 1st quarter valued at $91,000. Finally, Allianz Asset Management GmbH purchased a new stake in Fastly during the 1st quarter valued at $111,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

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.