What is DA Davidson’s Forecast for Fastly Q4 Earnings?

Fastly, Inc. (NYSE:FSLY) – Equities research analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Fastly in a research report issued to clients and investors on Thursday, November 7th. DA Davidson analyst R. Kessinger forecasts that the company will earn ($0.19) per share for the quarter. DA Davidson currently has a “Neutral” rating and a $7.50 target price on the stock. The consensus estimate for Fastly’s current full-year earnings is ($0.96) per share.

FSLY has been the subject of a number of other research reports. Raymond James lowered Fastly from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 1st. Royal Bank of Canada raised their price target on Fastly from $6.00 to $7.00 and gave the stock a “sector perform” rating in a research note on Thursday. Morgan Stanley reduced their price objective on shares of Fastly from $12.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 27th. Robert W. Baird raised their target price on shares of Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Craig Hallum lifted their target price on shares of Fastly from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.94.

Fastly Stock Performance

Fastly stock opened at $7.67 on Friday. The company has a current ratio of 4.13, a quick ratio of 4.13 and a debt-to-equity ratio of 0.35. The firm has a market cap of $1.06 billion, a P/E ratio of -7.04 and a beta of 1.24. Fastly has a 1-year low of $5.52 and a 1-year high of $25.87. The firm has a 50-day moving average of $7.09 and a 200-day moving average of $7.61.

Fastly (NYSE:FSLY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. The business had revenue of $132.37 million for the quarter, compared to analyst estimates of $131.62 million. Fastly had a negative net margin of 27.47% and a negative return on equity of 13.19%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.32) EPS.

Insider Activity at Fastly

In other news, CFO Ronald W. Kisling sold 15,933 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $6.18, for a total value of $98,465.94. Following the sale, the chief financial officer now directly owns 570,124 shares of the company’s stock, valued at $3,523,366.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CTO Artur Bergman sold 49,178 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $8.07, for a total transaction of $396,866.46. Following the completion of the transaction, the chief technology officer now directly owns 6,155,822 shares in the company, valued at $49,677,483.54. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ronald W. Kisling sold 15,933 shares of Fastly stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $6.18, for a total value of $98,465.94. Following the completion of the transaction, the chief financial officer now directly owns 570,124 shares of the company’s stock, valued at approximately $3,523,366.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 192,628 shares of company stock valued at $1,287,959 in the last three months. Company insiders own 6.70% of the company’s stock.

Institutional Trading of Fastly

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in Fastly by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,242 shares of the company’s stock valued at $133,000 after purchasing an additional 863 shares during the last quarter. Private Advisor Group LLC increased its holdings in Fastly by 155.4% in the 1st quarter. Private Advisor Group LLC now owns 41,133 shares of the company’s stock worth $533,000 after buying an additional 25,030 shares in the last quarter. BNP Paribas Financial Markets raised its position in Fastly by 11.6% in the 1st quarter. BNP Paribas Financial Markets now owns 305,797 shares of the company’s stock worth $3,966,000 after buying an additional 31,749 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in Fastly during the 1st quarter valued at about $92,000. Finally, Quantbot Technologies LP lifted its stake in Fastly by 364.2% during the 1st quarter. Quantbot Technologies LP now owns 68,824 shares of the company’s stock valued at $893,000 after acquiring an additional 53,998 shares during the period. 79.71% of the stock is currently owned by institutional investors.

About Fastly

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.