Fastly (FSLY) Receives a Hold from Raymond James

Raymond James analyst Robert Majek reiterated a Hold rating on Fastly (FSLYResearch Report) today. The company’s shares closed last Thursday at $44.65.

According to TipRanks.com, Majek is a 2-star analyst with an average return of 1.3% and a 53.5% success rate. Majek covers the Technology sector, focusing on stocks such as Limelight Networks, NortonLifeLock, and Citrix Systems.

Currently, the analyst consensus on Fastly is a Hold with an average price target of $68.80, representing a 45.4% upside. In a report released today, Craig-Hallum also maintained a Hold rating on the stock with a $55.00 price target.

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Based on Fastly’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $82.65 million and GAAP net loss of $45.7 million. In comparison, last year the company earned revenue of $58.94 million and had a GAAP net loss of $14.07 million.

Based on the recent corporate insider activity of 114 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FSLY in relation to earlier this year.

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Fastly, Inc. provides real-time content delivery network services. It offers edge cloud platform, edge software development kit (SDK), content delivery and image optimization, video and streaming, cloud security, load balancing, and managed CDN. The company was founded by Artur Bergman, Simon Wistow, and Gil Penchina in March 2011 and is headquartered in San Francisco, CA.