Brokerages expect Fastly Inc (NYSE:FSLY) to announce earnings per share (EPS) of ($0.13) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Fastly’s earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.11). The business is expected to issue its next quarterly earnings report on Thursday, May 21st.
According to Zacks, analysts expect that Fastly will report full-year earnings of ($0.41) per share for the current year, with EPS estimates ranging from ($0.58) to ($0.38). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.27) per share, with EPS estimates ranging from ($0.44) to ($0.19). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Fastly.
Fastly (NYSE:FSLY) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.01. The business had revenue of $58.94 million for the quarter, compared to the consensus estimate of $55.14 million.
Several analysts recently weighed in on FSLY shares. Piper Sandler upped their price objective on Fastly from to in a research report on Friday, February 21st. ValuEngine upgraded Fastly from a “hold” rating to a “buy” rating in a research report on Tuesday, March 3rd. Piper Jaffray Companies upgraded Fastly from a “neutral” rating to an “overweight” rating and set a $24.00 price objective for the company in a research report on Thursday, January 2nd. Finally, Zacks Investment Research downgraded Fastly from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $25.49.
In other news, insider Artur Bergman sold 3,750 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $19.31, for a total value of $72,412.50. Following the completion of the sale, the insider now owns 483,092 shares of the company’s stock, valued at $9,328,506.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Abdiel Capital Management, Llc purchased 316,294 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was bought at an average cost of $16.97 per share, with a total value of $5,367,509.18. The disclosure for this purchase can be found here. In the last three months, insiders bought 860,009 shares of company stock valued at $13,190,446 and sold 512,765 shares valued at $11,149,570.
Hedge funds have recently modified their holdings of the company. Abdiel Capital Advisors LP grew its stake in Fastly by 1.0% during the fourth quarter. Abdiel Capital Advisors LP now owns 3,935,982 shares of the company’s stock worth $78,995,000 after purchasing an additional 40,000 shares during the period. FMR LLC grew its stake in Fastly by 645.6% in the fourth quarter. FMR LLC now owns 2,307,034 shares of the company’s stock valued at $46,302,000 after acquiring an additional 1,997,618 shares during the period. Goldman Sachs Group Inc. grew its stake in Fastly by 12,226.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,108,720 shares of the company’s stock valued at $42,322,000 after acquiring an additional 2,091,613 shares during the period. FIL Ltd acquired a new stake in Fastly in the fourth quarter valued at approximately $17,390,000. Finally, Gilder Gagnon Howe & Co. LLC grew its stake in Fastly by 89.0% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 565,468 shares of the company’s stock valued at $13,571,000 after acquiring an additional 266,271 shares during the period. 34.42% of the stock is owned by institutional investors.
Shares of FSLY stock opened at $17.95 on Thursday. Fastly has a twelve month low of $10.63 and a twelve month high of $35.25. The business has a fifty day simple moving average of $19.69 and a 200 day simple moving average of $21.84.
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