B. Riley Has Positive Outlook for FiscalNote FY2024 Earnings

FiscalNote Holdings, Inc. (NYSE:NOTE) – B. Riley increased their FY2024 earnings per share (EPS) estimates for FiscalNote in a research report issued on Wednesday, November 13th. B. Riley analyst Z. Cummins now anticipates that the company will post earnings of ($0.42) per share for the year, up from their previous forecast of ($0.43). B. Riley has a “Buy” rating and a $1.75 price objective on the stock. The consensus estimate for FiscalNote’s current full-year earnings is ($0.43) per share. B. Riley also issued estimates for FiscalNote’s Q4 2024 earnings at ($0.10) EPS, Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at ($0.11) EPS, Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.42) EPS.

NOTE has been the topic of several other research reports. Northland Securities decreased their price objective on FiscalNote from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. DA Davidson decreased their price objective on FiscalNote from $1.35 to $1.05 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, EF Hutton Acquisition Co. I upgraded FiscalNote to a “strong-buy” rating in a report on Monday, October 28th.

FiscalNote Trading Up 0.0 %

Shares of NOTE stock opened at $0.80 on Monday. The company has a quick ratio of 1.01, a current ratio of 0.81 and a debt-to-equity ratio of 1.44. The business has a 50-day moving average price of $1.10 and a two-hundred day moving average price of $1.33. FiscalNote has a 12-month low of $0.73 and a 12-month high of $2.27. The firm has a market cap of $111.61 million, a P/E ratio of -3.64 and a beta of 0.49.

Insider Transactions at FiscalNote

In related news, CEO Tim Hwang sold 25,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $1.24, for a total transaction of $31,000.00. Following the transaction, the chief executive officer now owns 2,516,513 shares in the company, valued at $3,120,476.12. The trade was a 0.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have sold 125,149 shares of company stock worth $154,823. Company insiders own 47.59% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC purchased a new position in shares of FiscalNote during the 2nd quarter worth approximately $26,000. Natixis purchased a new position in shares of FiscalNote during the 1st quarter worth approximately $40,000. Barclays PLC grew its holdings in shares of FiscalNote by 318.2% during the 3rd quarter. Barclays PLC now owns 86,286 shares of the company’s stock worth $110,000 after acquiring an additional 65,655 shares during the period. International Assets Investment Management LLC grew its holdings in shares of FiscalNote by 35.1% during the 3rd quarter. International Assets Investment Management LLC now owns 134,656 shares of the company’s stock worth $172,000 after acquiring an additional 34,956 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in shares of FiscalNote by 181.9% during the 2nd quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock worth $218,000 after acquiring an additional 96,457 shares during the period. Hedge funds and other institutional investors own 54.31% of the company’s stock.

About FiscalNote

FiscalNote Holdings, Inc operates as technology company North America, Europe, Australia, and Asia. It combines artificial intelligence technology, machine learning, and other technologies with analytics, workflow tools, and expert research. The company also delivers that intelligence through its suite of public policy and issues management products, as well as powerful tools to manage workflows, advocacy campaigns, and constituent relationships.