Royal Bank Of Canada Issues Positive Forecast for Fastly (NYSE:FSLY) Stock Price

Fastly (NYSE:FSLY) had its price target increased by Royal Bank Of Canada from $7.00 to $9.00 in a report released on Thursday morning,Benzinga reports. They currently have a sector perform rating on the stock.

Other analysts have also recently issued reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a report on Wednesday, October 8th. Craig Hallum raised shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.83.

Fastly Stock Performance

FSLY traded up $0.59 during trading on Thursday, reaching $11.56. 7,756,269 shares of the stock traded hands, compared to its average volume of 3,521,098. The stock’s 50-day simple moving average is $8.25 and its two-hundred day simple moving average is $7.45. 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.

Fastly (NYSE:FSLY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. The business had revenue of $158.22 million during the quarter, compared to the consensus estimate of $151.04 million. Fastly had a negative net margin of 23.49% and a negative return on equity of 11.96%. Fastly’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm 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. Equities research analysts anticipate that Fastly will post -0.78 EPS for the current year.

Insider Buying and Selling

In other Fastly news, insider Scott R. Lovett sold 42,172 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $8.41, for a total transaction of $354,666.52. Following the completion of the transaction, the insider owned 1,088,551 shares in the company, valued at $9,154,713.91. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Artur Bergman sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $8.21, for a total transaction of $164,200.00. Following the transaction, the chief technology officer directly owned 3,341,276 shares of the company’s stock, valued at approximately $27,431,875.96. This represents a 0.60% decrease in their position. 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 valued at $4,823,359. 6.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Banque Transatlantique SA purchased a new stake in shares of Fastly during the first quarter worth about $38,000. Byrne Asset Management LLC bought a new stake in Fastly during the 3rd quarter valued at approximately $43,000. Geneos Wealth Management Inc. bought a new position in shares of Fastly in the 1st quarter worth approximately $52,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Fastly in the 3rd quarter worth approximately $56,000. Finally, State of Alaska Department of Revenue bought a new stake in Fastly during the 3rd quarter valued at about $57,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Fastly Company Profile

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.