Freedom Acquisition I (NASDAQ:FACT) Issues Earnings Results

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

Freedom Acquisition I Stock Up 0.1%

FACT stock traded up $0.01 during trading on Wednesday, reaching $10.67. 24,627 shares of the stock were exchanged, compared to its average volume of 84,257. The firm’s 50 day moving average is $10.65 and its 200 day moving average is $10.57. Freedom Acquisition I has a twelve month low of $10.26 and a twelve month high of $10.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Freedom Acquisition I in a research note on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Freedom Acquisition I

A number of hedge funds have recently added to or reduced their stakes in FACT. Goldman Sachs Group Inc. acquired a new stake in shares of Freedom Acquisition I in the 1st quarter worth about $4,232,000. Whitebox Advisors LLC bought a new stake in Freedom Acquisition I during the 2nd quarter worth approximately $2,572,000. TENOR CAPITAL MANAGEMENT Co. L.P. increased its holdings in Freedom Acquisition I by 41.7% during the 2nd 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 in the last quarter. Sandia Investment Management LP purchased a new stake in shares of Freedom Acquisition I in the second quarter worth approximately $1,287,000. Finally, Hudson Bay Capital Management LP raised its stake in shares of Freedom Acquisition I by 29.0% in 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. Institutional investors and hedge funds own 55.82% of the company’s stock.

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.