RBC Capital Mkts slashes price target on Fastly Inc. [FSLY] – find out why.

Fastly Inc. [NYSE: FSLY] stock went on an upward path that rose over 4.13% on Wednesday, amounting to a one-week price decrease of less than -10.37%. The company report on August 3, 2022 that Fastly Announces Second Quarter 2022 Financial Results.

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Record quarterly revenue exceeded high-end of quarterly guidance range.

Repurchased $235 million of convertible debt at a 25% discount to par.

Over the last 12 months, FSLY stock dropped by -72.01%. The one-year Fastly Inc. stock forecast points to a potential upside of 19.29. The average equity rating for FSLY stock is currently 3.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.47 billion, with 119.67 million shares outstanding and 110.42 million shares in the current float. Compared to the average trading volume of 4.46M shares, FSLY stock reached a trading volume of 3528294 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Fastly Inc. [FSLY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FSLY shares is $14.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FSLY stock is a recommendation set at 3.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

RBC Capital Mkts have made an estimate for Fastly Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on July 19, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $18 to $12. The new note on the price target was released on July 11, 2022, representing the official price target for Fastly Inc. stock. Previously, the target price had yet another drop from $42 to $35, while Raymond James kept a Strong Buy rating on FSLY stock. On February 17, 2022, analysts decreased their price target for FSLY shares from 30 to 20.

The Average True Range (ATR) for Fastly Inc. is set at 0.99, with the Price to Sales ratio for FSLY stock in the period of the last 12 months amounting to 3.78. The Price to Book ratio for the last quarter was 1.45, with the Price to Cash per share for the same quarter was set at 5.15.

FSLY Stock Performance Analysis:

Fastly Inc. [FSLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.37. With this latest performance, FSLY shares dropped by -0.25% in over the last four-week period, additionally sinking by -57.12% over the last 6 months – not to mention a drop of -72.01% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FSLY stock in for the last two-week period is set at 49.88, with the RSI for the last a single of trading hit 50.63, and the three-weeks RSI is set at 49.06 for Fastly Inc. [FSLY]. The present Moving Average for the last 50 days of trading for this stock 11.97, while it was recorded at 11.62 for the last single week of trading, and 23.73 for the last 200 days.

Insight into Fastly Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Fastly Inc. [FSLY] shares currently have an operating margin of -61.11 and a Gross Margin at +51.09. Fastly Inc.’s Net Margin is presently recorded at -62.85.

Return on Equity for this stock declined to -21.46, with Return on Assets sitting at -13.18.

Fastly Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.30 and a Current Ratio set at 5.30.


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FSLY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fastly Inc. go to 30.00%.

Fastly Inc. [FSLY] Insider Position Details

There are presently around $867 million, or 62.20% of FSLY stock, in the hands of institutional investors. The top three institutional holders of FSLY stocks are: VANGUARD GROUP INC with ownership of 9,362,395, which is approximately -0.301% of the company’s market cap and around 7.50% of the total institutional ownership; FIRST TRUST ADVISORS LP, holding 7,846,587 shares of the stock with an approximate value of $92.9 million in FSLY stocks shares; and BLACKROCK INC., currently with $60.37 million in FSLY stock with ownership of nearly -0.368% of the company’s market capitalization.

Positions in Fastly Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 135 institutional holders increased their position in Fastly Inc. [NYSE:FSLY] by around 25,514,708 shares. Additionally, 148 investors decreased positions by around 32,061,355 shares, while 58 investors held positions by with 15,643,056 shares. The mentioned changes placed institutional holdings at 73,219,119 shares, according to the latest SEC report filing. FSLY stock had 58 new institutional investments in for a total of 5,071,967 shares, while 76 institutional investors sold positions of 16,624,319 shares during the same period.


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