Fastly, Inc. (NASDAQ:FSLY) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of Fastly, Inc. (NASDAQ:FSLY) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $27.42.

Several brokerages recently commented on FSLY. Bank of America upped their target price on Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a report on Wednesday, September 23rd. Freedom Broker raised their price target on shares of Fastly from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Raymond James Financial restated an “outperform” rating on shares of Fastly in a report on Wednesday, September 23rd. DA Davidson boosted their price target on shares of Fastly from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th.

Fastly Price Performance

NASDAQ FSLY opened at $27.09 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. Fastly has a twelve month low of $7.74 and a twelve month high of $34.82. The stock has a fifty day simple moving average of $24.92 and a 200 day simple moving average of $22.71.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%. The firm had revenue of $183.32 million for the quarter, compared to the consensus estimate 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. As a group, analysts predict that Fastly will post -0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Fastly

In other Fastly news, CTO Artur Bergman sold 379,602 shares of the company’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $30.16, for a total transaction of $11,448,796.32. Following the sale, the chief technology officer owned 1,138,358 shares of the company’s stock, valued at approximately $34,332,877.28. This represents a 25.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Scott R. Lovett sold 41,815 shares of Fastly 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 completion of the transaction, the insider directly owned 1,281,583 shares of the company’s stock, valued at approximately $31,578,205.12. This trade represents a 3.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,243,371 shares of company stock valued at $33,335,165 over the last three months. 4.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fastly

Institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Advisors LP boosted its position in shares of Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after purchasing an additional 3,524,763 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Fastly by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company’s stock valued at $79,620,000 after buying an additional 11,022 shares during the period. Bank of America Corp DE increased its position in Fastly by 120.0% in 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 buying an additional 692,459 shares in the last quarter. SG Americas Securities LLC raised its stake in Fastly by 90.7% during the 1st quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock worth $19,918,000 after buying an additional 326,087 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Fastly during the 2nd quarter worth approximately $8,696,000. Institutional investors own 79.71% of the company’s stock.

About Fastly

Fastly, Inc (NASDAQ: FSLY) is a technology company that provides an edge cloud platform designed to help businesses deliver, secure and operate digital applications and content closer to end users. Its platform supports websites, mobile applications, APIs, streaming media and other internet services by processing data at the edge of the network, helping organizations improve performance, scalability and reliability.

Fastly’s products and services include content delivery, edge computing, application programming interface (API) services, cloud security and observability tools.