Credit Suisse Group began coverage on shares of Fastly (NYSE:FSLY – Get Rating) in a research report sent to investors on Monday, MarketBeat reports. The brokerage issued a neutral rating and a $9.50 target price on the stock.
FSLY has been the subject of several other reports. Citigroup lowered their target price on shares of Fastly from $10.00 to $8.00 and set a sell rating for the company in a research note on Tuesday, November 8th. DA Davidson lowered their price objective on shares of Fastly to $12.00 in a research note on Tuesday, August 9th. Piper Sandler lowered their price objective on shares of Fastly from $13.00 to $10.00 in a research note on Thursday, November 3rd. Craig Hallum reduced their target price on shares of Fastly from $19.00 to $13.00 in a report on Thursday, August 4th. Finally, Raymond James reduced their target price on shares of Fastly from $35.00 to $25.00 and set a strong-buy rating on the stock in a report on Friday, August 12th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $12.39.
Fastly Price Performance
Shares of FSLY opened at $8.59 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 4.41 and a current ratio of 4.41. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -5.08 and a beta of 1.24. Fastly has a fifty-two week low of $7.32 and a fifty-two week high of $44.08. The firm has a 50-day simple moving average of $8.70 and a 200-day simple moving average of $10.44.
Insiders Place Their Bets
Institutional Trading of Fastly
A number of institutional investors have recently made changes to their positions in FSLY. MetLife Investment Management LLC acquired a new stake in shares of Fastly in the 1st quarter worth approximately $37,000. Penserra Capital Management LLC lifted its stake in shares of Fastly by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 3,072 shares of the company’s stock worth $53,000 after acquiring an additional 1,024 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Fastly in the 3rd quarter worth approximately $60,000. Captrust Financial Advisors lifted its stake in shares of Fastly by 32.2% in the 1st quarter. Captrust Financial Advisors now owns 3,859 shares of the company’s stock worth $67,000 after acquiring an additional 941 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in Fastly during the third quarter valued at approximately $98,000. 65.42% of the stock is owned by institutional investors and hedge funds.
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.
- Get a free copy of the StockNews.com research report on Fastly (FSLY)
- Institutional Support for Analog Devices Remains High
- Microsoft Shares: Is it Time to Back Up the Truck?
- Three CBD Stocks to Dominate a Budding Industry
- Is the 60/40 Portfolio Mix Still in Vogue?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
Receive News & Ratings for Fastly Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fastly and related companies with MarketBeat.com's FREE daily email newsletter.