Fastly Inc. (NYSE:FSLY)’s traded shares stood at 1.8 million during the last session. At the close of trading, the stock’s price was $43.10, to imply a decrease of -2.73% or -$1.21 in intraday trading. The FSLY share’s 52-week high remains $136.50, putting it -216.71% down since that peak but still an impressive 21.42% since price per share fell to its 52-week low of $33.87. The company has a valuation of $4.82B, with average of 4.89 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Hold for Fastly Inc. (FSLY), translating to a mean rating of 3.30. Of 12 analyst(s) looking at the stock, 1 analyst(s) give FSLY a Sell rating. 0 of those analysts rate the stock as Overweight while 10 advise Hold as 0 recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.17.
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Fastly Inc. (NYSE:FSLY) trade information
After registering a -2.73% downside in the last session, Fastly Inc. (FSLY) has traded red over the past five days. The stock hit a weekly high of 45.58 this Thursday, 08/26/21, dropping -2.73% in its intraday price action. The 5-day price performance for the stock is 9.89%, and -14.40% over 30 days. With these gigs, the year-to-date price performance is -50.67%.
Analysts on Wall Street suggest a consensus price target of $36.50, implying a decrease of -18.08% to the stock’s current value. The extremes give us $30.00 and $49.00 for target low and target high price respectively. As such, FSLY has been trading -13.69% off suggested target high and 30.39% from its likely low.
Fastly Inc. (FSLY) estimates and forecasts
Looking at statistics comparing Fastly Inc. share performance against respective industry, we note that the company has underperformed competitors. Fastly Inc. (FSLY) shares are -41.42% down over the last 6 months, with its year-to-date growth rate lower than industry average at -244.44% against -0.20%. Revenue is forecast to shrink -950.00% this quarter before falling -375.00% for the next one. The rating firms project that company’s revenue will grow 18.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is $85.03 million. Meanwhile, for the quarter ending Sep 2021, a total of 10 analyst(s) estimate revenue growth to $83.7 million.
Fastly Inc. has its next earnings report out between October 26 and November 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Fastly Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Fastly Inc. (NYSE:FSLY)’s Major holders
Fastly Inc. insiders hold 11.79% of total outstanding shares, with institutional holders owning 65.40% of the shares at 74.14% float percentage. In total, 65.40% institutions holds shares in the company, led by Morgan Stanley. As of Jun 29, 2021, the company held over 13.47 million shares (or 11.55% of shares), all amounting to roughly $802.66 million.
The next major institution holding the largest number of shares is Abdiel Capital Advisors, LP with 11.87 million shares, or about 10.18% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $707.44 million.
We also have Morgan Stanley Inst Fund Tr-Discovery Port and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Fastly Inc. (FSLY) shares. Going by data provided on Mar 30, 2021, Morgan Stanley Inst Fund Tr-Discovery Port holds roughly 2.94 million shares. This is just over 2.52% of the total shares, with a market valuation of $197.76 million. Data from the same date shows that the other fund manager holds a little less at 2.8 million, or 2.40% of the shares, all valued at about 188.14 million.
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