Freedom Acquisition I (NASDAQ:FACT) Releases Earnings Results

Freedom Acquisition I (NASDAQ:FACT) posted its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share for the quarter, FiscalAI reports.

Freedom Acquisition I Price Performance

Shares of Freedom Acquisition I stock remained flat at $10.67 on Friday. The stock had a trading volume of 21 shares, compared to its average volume of 84,257. Freedom Acquisition I has a fifty-two week low of $10.26 and a fifty-two week high of $10.75. The stock’s fifty day moving average is $10.65 and its 200-day moving average is $10.58.

Hedge Funds Weigh In On Freedom Acquisition I

Several institutional investors and hedge funds have recently bought and sold shares of FACT. Goldman Sachs Group Inc. acquired a new stake in shares of Freedom Acquisition I during the 1st quarter worth approximately $4,232,000. Whitebox Advisors LLC purchased a new position in Freedom Acquisition I in the second quarter worth approximately $2,572,000. TENOR CAPITAL MANAGEMENT Co. L.P. increased its stake in Freedom Acquisition I by 41.7% during the second quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 849,950 shares of the company’s stock worth $8,746,000 after acquiring an additional 249,950 shares during the last quarter. Sandia Investment Management LP purchased a new stake in Freedom Acquisition I in the second quarter valued at $1,287,000. Finally, Hudson Bay Capital Management LP lifted its stake in Freedom Acquisition I by 29.0% during the second quarter. Hudson Bay Capital Management LP now owns 1,000,000 shares of the company’s stock worth $10,330,000 after purchasing an additional 225,000 shares in the last quarter. 55.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Freedom Acquisition I in a report on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Freedom Acquisition I currently has a consensus rating of “Sell”.

About Freedom Acquisition I

Freedom Acquisition I Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. Freedom Acquisition I Corp. was incorporated in 2020 and is based in New York, New York.