Freedom Acquisition I (NASDAQ:FACT) Announces Earnings Results

Freedom Acquisition I (NASDAQ:FACT) issued its quarterly earnings results on Monday. The company reported $0.04 earnings per share (EPS) for the quarter, FiscalAI reports.

Freedom Acquisition I Price Performance

Shares of FACT stock opened at $10.57 on Tuesday. Freedom Acquisition I has a 52-week low of $10.10 and a 52-week high of $10.70. The stock has a 50 day moving average price of $10.52 and a 200 day moving average price of $10.45.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on Freedom Acquisition I in a research report on Wednesday, April 8th. They issued a “sell (d)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of Freedom Acquisition I

Several institutional investors and hedge funds have recently made changes to their positions in FACT. Goldman Sachs Group Inc. bought a new stake in shares of Freedom Acquisition I during the first quarter worth $4,232,000. Whitebox Advisors LLC bought a new stake in shares of Freedom Acquisition I during the second quarter worth $2,572,000. TENOR CAPITAL MANAGEMENT Co. L.P. lifted its position in shares of 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 purchasing an additional 249,950 shares during the last quarter. Sandia Investment Management LP bought a new stake in shares of Freedom Acquisition I during the second quarter worth $1,287,000. Finally, Hudson Bay Capital Management LP lifted its position in shares of 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 during the last quarter. 55.82% of the stock is currently owned by institutional investors.

Freedom Acquisition I Company Profile

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.