In the last trading session, 1.34 million Fastly Inc (NYSE:FSLY) shares changed hands as the company’s beta touched 1.46. With the company’s per share price at $5.89 changed hands at $0.04 or 0.68% during last session, the market valuation stood at $852.20M. FSLY’s last price was a discount, traded about -126.66% off its 52-week high of $13.35. The share price had its 52-week low at $4.65, which suggests the last value was 21.05% up since then. When we look at Fastly Inc’s average trading volume, we note the 10-day average is 1.76 million shares, with the 3-month average coming to 3.18 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 green as seen at the end of in last trading. With action 9.89%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -37.61%, with the 5-day performance at 9.89% in the green. However, in the 30-day time frame, Fastly Inc (NYSE:FSLY) is -9.52% down. Looking at the short shares, we see there were 9.73 million shares sold at short interest cover period of 3.22 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 26.38% from its current 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 -35.82% plunge from its current level, while the stock would need to soar -35.82% for it to hit the projected low.
Fastly Inc (FSLY) estimates and forecasts
Year-over-year growth is forecast to reach 6.33% 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 140.28M. 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 5.98%.
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 4.93%.
FSLY Dividends
Fastly Inc is expected to release its next quarterly earnings report on 2025-Feb-11.
Fastly Inc (NYSE:FSLY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.50% of Fastly Inc shares while 66.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.06%. There are 66.66% institutions holding the Fastly Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.1306% of the shares, roughly 15.3 million FSLY shares worth $112.75 million.
MORGAN STANLEY holds the second largest percentage of outstanding shares, with 8.6398% or 11.87 million shares worth $87.52 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Amplify ETF Trust-Amplify Cybersecurity ETF . With 3.93 shares estimated at $23.12 million under it, the former controlled 2.71% of total outstanding shares. On the other hand, Amplify ETF Trust-Amplify Cybersecurity ETF held about 2.71% of the shares, roughly 3.92 shares worth around $23.1 million.
