FreeCast (Direct Listing) (NASDAQ:CAST) Raised to “Hold” at Zacks Research

FreeCast (Direct Listing) (NASDAQ:CAST) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

CAST has been the topic of a number of other research reports. Weiss Ratings started coverage on shares of FreeCast (Direct Listing) in a research note on Wednesday, June 3rd. They set a “sell (e-)” rating on the stock. Maxim Group started coverage on shares of FreeCast (Direct Listing) in a research note on Friday, April 24th. They set a “buy” rating and a $6.00 price target on the stock. Finally, Wall Street Zen downgraded shares of FreeCast (Direct Listing) from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.00.

FreeCast (Direct Listing) Stock Performance

CAST opened at $0.64 on Wednesday. FreeCast has a fifty-two week low of $0.50 and a fifty-two week high of $33.00. The business’s fifty day simple moving average is $2.13.

FreeCast (Direct Listing) (NASDAQ:CAST) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $0.09 million for the quarter.

FreeCast (Direct Listing) Company Profile

FreeCast, Inc is a digital media and streaming-technology company that operates a platform for aggregated video content and content discovery. The company focuses on enabling consumers to find and access free, ad-supported and subscription video across connected TVs, mobile devices and the web through a unified interface. FreeCast’s offering is positioned to address fragmentation in the streaming ecosystem by simplifying discovery and centralizing access to disparate streaming sources.

Its core activities center on content aggregation, distribution and monetization tools for both end users and business partners.