Fastly (NYSE:FSLY) Reaches New 52-Week High – Should You Buy?

Fastly, Inc. (NYSE:FSLY) hit a new 52-week high during trading on Tuesday . The company traded as high as $12.59 and last traded at $12.2620, with a volume of 720395 shares changing hands. The stock had previously closed at $11.76.

Wall Street Analyst Weigh In

FSLY has been the subject of several analyst reports. Citigroup boosted their target price on Fastly from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Royal Bank Of Canada upped their price objective on shares of Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Oppenheimer started coverage on shares of Fastly in a research note on Monday, November 17th. They issued a “market perform” rating on the stock. Craig Hallum raised shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Thursday, August 7th. Finally, Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.08.

Fastly Stock Performance

The firm’s fifty day moving average price is $9.57 and its 200-day moving average price is $8.11. The company has a market cap of $1.72 billion, a P/E ratio of -11.98 and a beta of 0.97. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Fastly (NYSE:FSLY) last released its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The business had revenue of $158.22 million for the quarter, compared to the consensus estimate of $151.04 million. During the same period last year, the business earned $0.02 earnings per share. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. As a group, research analysts forecast that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Insider Activity

In related news, insider Scott R. Lovett sold 9,779 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $10.23, for a total value of $100,039.17. Following the completion of the transaction, the insider directly owned 1,078,772 shares of the company’s stock, valued at $11,035,837.56. This trade represents a 0.90% 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 hyperlink. Also, CTO Artur Bergman sold 41,080 shares of Fastly stock in a transaction on Monday, December 1st. The stock was sold at an average price of $11.51, for a total transaction of $472,830.80. Following the sale, the chief technology officer owned 2,893,801 shares in the company, valued at $33,307,649.51. This represents a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 922,652 shares of company stock worth $8,905,651. Company insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Banque Transatlantique SA acquired a new stake in shares of Fastly in the first quarter valued at approximately $38,000. Byrne Asset Management LLC acquired a new position in Fastly in the 3rd quarter valued at $43,000. Quarry LP bought a new stake in shares of Fastly during the 3rd quarter valued at $49,000. Geneos Wealth Management Inc. acquired a new stake in shares of Fastly during the 1st quarter worth $52,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Fastly during the 3rd quarter worth $56,000. Institutional investors and hedge funds 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.