Freedom Acquisition I (NASDAQ:FACT) Issues Quarterly Earnings Results

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

Freedom Acquisition I Price Performance

NASDAQ:FACT remained flat at $10.57 during trading hours on Monday. 107,171 shares of the company’s stock traded hands, compared to its average volume of 83,302. Freedom Acquisition I has a twelve month low of $10.10 and a twelve month high of $10.70. The firm has a 50-day moving average of $10.52 and a 200 day moving average of $10.45.

Institutional Investors Weigh In On Freedom Acquisition I

Several institutional investors and hedge funds have recently modified their holdings of FACT. Radcliffe Capital Management L.P. bought a new stake in shares of Freedom Acquisition I during the third quarter valued at approximately $5,160,000. Goldman Sachs Group Inc. bought a new stake in shares of Freedom Acquisition I during the first quarter valued at approximately $4,232,000. Toronto Dominion Bank bought a new stake in shares of Freedom Acquisition I during the fourth quarter valued at approximately $4,148,000. Crossingbridge Advisors LLC bought a new stake in shares of Freedom Acquisition I during the fourth quarter valued at approximately $3,581,000. Finally, Mangrove Partners IM LLC raised its position in shares of Freedom Acquisition I by 164.6% during the third quarter. Mangrove Partners IM LLC now owns 450,000 shares of the company’s stock valued at $4,644,000 after buying an additional 279,936 shares during the last quarter. Institutional investors own 55.82% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Freedom Acquisition I in a report on Wednesday, April 8th. They set a “sell (d)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Freedom Acquisition I presently 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.