FreeCast (Direct Listing) (NASDAQ:CAST) Stock Rating Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of FreeCast (Direct Listing) (NASDAQ:CAST) from a sell rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

CAST has been the topic of several other reports. Zacks Research raised shares of FreeCast (Direct Listing) to a “hold” rating in a report on Wednesday, June 10th. Weiss Ratings raised shares of FreeCast (Direct Listing) from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.00.

FreeCast (Direct Listing) Stock Performance

FreeCast (Direct Listing) stock opened at $1.18 on Friday. FreeCast has a 52 week low of $0.50 and a 52 week high of $33.00. The stock has a market capitalization of $48.78 million and a P/E ratio of -6.56. The stock has a fifty day moving average of $1.35 and a 200-day moving average of $2.49.

FreeCast (Direct Listing) (NASDAQ:CAST) last released its quarterly earnings data on Monday, September 28th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.29). The company had revenue of $0.36 million during the quarter. On average, research analysts forecast that FreeCast will post -0.23 earnings per share for the current year.

Key FreeCast (Direct Listing) News

Here are the key news stories impacting FreeCast (Direct Listing) this week:

• Positive Sentiment: Maxim raised its 2027 forecasts. The firm improved its EPS outlook for the first, second and fourth quarters of 2027, while increasing its full-year 2027 estimate to a loss of $0.23 per share from a loss of $0.27. Although CAST would remain unprofitable, the revisions suggest expectations for narrower losses and could be supporting the stock.
• Neutral Sentiment: Wall Street Zen upgraded its rating to “Hold.” The change indicates a less negative stance, but it does not represent a bullish recommendation or a clear catalyst for substantial upside. FreeCast Stock Rating Raised to Hold at Wall Street Zen
• Negative Sentiment: Longer-term earnings forecasts were cut. Maxim reduced its estimates for 2028 quarterly EPS, FY2028 EPS to $0.11 from $0.15, and FY2029 EPS to $0.48 from $0.63. These reductions point to slower expected profitability growth and may limit investor enthusiasm. Maxim Group Issues Forecast for CAST Earnings
• Negative Sentiment: CAST’s underlying financial results remain weak. The company recently reported a quarterly loss of $0.37 per share, well below the expected loss of $0.08, on just $0.36 million in revenue. Analysts expect another full-year loss, estimated at $0.27 per share, underscoring the stock’s high-risk profile.

FreeCast (Direct Listing) Company Profile

FreeCast, Inc is a media and entertainment technology company that develops streaming aggregation services. Its platform is designed to bring together free, ad-supported streaming television, on-demand programming, live channels and subscription-based content in a unified viewing experience, helping consumers discover and access content from multiple sources.

The company offers consumer-facing streaming products and related technology intended to simplify television viewing across connected TVs, mobile devices and other internet-enabled platforms.