Fastly (NASDAQ:FSLY) Stock Price Expected to Rise, DA Davidson Analyst Says

Fastly (NASDAQ:FSLY) had its target price upped by investment analysts at DA Davidson from $21.00 to $23.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price objective would suggest a potential downside of 7.00% from the stock’s previous close.

Several other brokerages also recently weighed in on FSLY. Bank of America boosted their price objective on Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. Piper Sandler lifted their price objective on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Canaccord Genuity Group initiated coverage on Fastly in a research note on Friday, July 17th. They issued a “buy” rating and a $27.00 price target for the company. Finally, Evercore reissued an “outperform” rating on shares of Fastly in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Fastly Price Performance

Shares of NASDAQ:FSLY opened at $24.73 on Wednesday. The company’s fifty day moving average price is $23.35 and its 200-day moving average price is $22.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of -45.73 and a beta of 0.36. Fastly has a one year low of $7.74 and a one year high of $34.82.

Fastly (NASDAQ:FSLY) last released its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The company had revenue of $183.32 million during 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. On average, equities research analysts anticipate that Fastly will post -0.29 earnings per share for the current fiscal year.

Insider Activity at Fastly

In other Fastly news, insider Scott R. Lovett sold 41,815 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $24.64, for a total value of $1,030,321.60. Following the transaction, the insider owned 1,281,583 shares of the company’s stock, valued at approximately $31,578,205.12. This represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Artur Bergman sold 32,387 shares of Fastly stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $28.60, for a total value of $926,268.20. Following 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 ownership of the stock. 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 have sold 749,684 shares of company stock valued at $18,845,838 over the last quarter. 4.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fastly

Several large investors have recently made changes to their positions in FSLY. PNC Financial Services Group Inc. boosted its position in shares of Fastly by 84.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after acquiring an additional 633 shares during the last quarter. IFP Advisors Inc lifted its stake in Fastly by 1,621.7% in the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after purchasing an additional 1,346 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in Fastly in the 1st quarter worth $44,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Fastly by 39.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after purchasing an additional 627 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Fastly during the second quarter valued at about $48,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

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.