In the latest trading session, 0.43 million Fastly Inc (NYSE:FSLY) shares changed hands as the company’s beta touched 1.37. With the company’s most recent per share price at $7.09 changed hands at -$0.16 or -2.28% at last look, the market valuation stands at $1.01B. FSLY’s current price is a discount, trading about -99.15% off its 52-week high of $14.12. The share price had its 52-week low at $5.52, which suggests the last value was 22.14% up since then. When we look at Fastly Inc’s average trading volume, we note the 10-day average is 3.35 million shares, with the 3-month average coming to 3.19 million.
Analysts gave the Fastly Inc (FSLY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended FSLY as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Fastly Inc’s EPS for the current quarter is expected to be -0.06.
Fastly Inc (NYSE:FSLY) trade information
Instantly FSLY was in red as seen in intraday trades today. With action 7.67%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -24.95%, with the 5-day performance at 7.67% in the green. However, in the 30-day time frame, Fastly Inc (NYSE:FSLY) is -12.21% down. Looking at the short shares, we see there were 10.43 million shares sold at short interest cover period of 2.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 11.38% from its recent market value. According to analyst projections, FSLY’s forecast low is 8 with 8 as the target high. To hit the forecast high, the stock’s price needs a -12.83% plunge from its current level, while the stock would need to soar -12.83% for it to hit the projected low.
Fastly Inc (FSLY) estimates and forecasts
Year-over-year growth is forecast to reach 6.71% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 138.39M. 10 analysts are of the opinion that Fastly Inc’s revenue for the current quarter will be 140.8M. The company’s revenue for the corresponding quarters a year ago was 133.52M and 132.37M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.65%. The estimates for the next quarter sales put growth at 6.37%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -8.70%. The 2025 estimates are for Fastly Inc earnings to increase by 13.26%.
Fastly Inc (NYSE:FSLY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.63% of Fastly Inc shares while 67.78% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 73.38%. There are 67.78% institutions holding the Fastly Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.3669% of the shares, roughly 15.3 million FSLY shares worth $112.75 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.7999% or 11.84 million shares worth $87.29 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Amplify ETF Tr-Amplify Cybersecurity ETF and Vanguard Total Stock Market Index Fund. With 3.92 shares estimated at $27.94 million under it, the former controlled 2.76% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.76% of the shares, roughly 3.93 shares worth around $27.97 million.
