FreeCast (Direct Listing) (NASDAQ:CAST) Earns Buy Rating from Analysts at Maxim Group

Key Points

• Maxim Group initiated coverage with a Buy rating and a $6.00 price target, suggesting roughly a 152% upside from the current share price.
• Analyst sentiment is mixed: Wall Street Zen recently downgraded FreeCast to a Sell, while MarketBeat's average rating remains Buy with an average $6.00 target.
• Shares jumped 41.6% to $2.38 on heavy volume (10.18M shares vs. ~495K average), even though the company reported a quarterly loss of $0.07 per share and just $0.06 million in revenue.

Investment analysts at Maxim Group started coverage on shares of FreeCast (Direct Listing) (NASDAQ:CAST - Get Free Report) in a report issued on Friday,Benzinga reports. The firm set a "buy" rating and a $6.00 price target on the stock. Maxim Group's price objective would suggest a potential upside of 152.21% from the company's current price.

Separately, Wall Street Zen downgraded FreeCast (Direct Listing) from a "hold" rating to a "sell" rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $6.00.

FreeCast (Direct Listing) Trading Up 41.6%

FreeCast (Direct Listing) stock traded up $0.70 during trading on Friday, reaching $2.38. 10,184,025 shares of the company were exchanged, compared to its average volume of 495,202. FreeCast has a 52-week low of $1.63 and a 52-week high of $33.00.

FreeCast (Direct Listing) (NASDAQ:CAST - Get Free Report) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.07) EPS for the quarter. The company had revenue of $0.06 million during 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.

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