In the last trading session, 1.95 million shares of the Fastly Inc (NYSE:FSLY) were traded, and its beta was 1.26. Most recently the company’s share price was $7.38, and it changed around $0.19 or 2.64% from the last close, which brings the market valuation of the company to $1.07B. FSLY currently trades at a discount to its 52-week high of $12.08, offering almost -63.69% off that amount. The share price’s 52-week low was $4.65, which indicates that the current value has risen by an impressive 36.99% since then. We note from Fastly Inc’s average daily trading volume that its 10-day average is 2.16 million shares, with the 3-month average coming to 2.89 million.
Fastly Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 10 recommended FSLY as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Fastly Inc is expected to report earnings per share of -0.05 for the current quarter.
Fastly Inc (NYSE:FSLY) trade information
Instantly FSLY has showed a green trend with a performance of 2.64% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 7.78 on recent trading dayincreased the stock’s daily price by 5.14%. The company’s shares are currently down -21.82% year-to-date, but still down -4.77% over the last five days. On the other hand, Fastly Inc (NYSE:FSLY) is 25.72% up in the 30-day period. We can see from the shorts that 9.85 million shares have been sold at a short interest cover period of 4.07 day(s).
The consensus price target as assigned by Wall Street analysts is $10.25, which translates to bulls needing to increase their stock price by 28.0% from its current value. Analyst projections state that FSLY is forecast to be at a low of $5.5 and a high of $42.
Fastly Inc (FSLY) estimates and forecasts
The year-over-year growth rate is expected to be 8.64%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 144.57M in revenue for the current quarter. 10 analysts expect Fastly Inc to make 147.38M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 132.37M and 137.21M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 9.22%. Forecasts for the next quarter put sales growth at 7.42%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -8.70%.
FSLY Dividends
Fastly Inc’s next quarterly earnings report is expected to be released on 2025-May-06.
Fastly Inc (NYSE:FSLY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.45% of Fastly Inc shares, and 70.14% of them are in the hands of institutional investors. The stock currently has a share float of 74.97%. Fastly Inc stock is held by 317.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.1306% of the shares, which is about 15.3 million shares worth $112.75 million.
MORGAN STANLEY, with 8.6398% or 11.87 million shares worth $87.52 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Amplify ETF Trust-Amplify Cybersecurity ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 3.93 shares worth $28.97 million, making up 2.71% of all outstanding shares. On the other hand, Amplify ETF Trust-Amplify Cybersecurity ETF held roughly 3.92 shares worth around $28.94 million, which represents about 2.71% of the total shares outstanding.
