FiscalNote Holdings, Inc. (NYSE:NOTE) Receives Consensus Rating of “Buy” from Analysts

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) have received an average recommendation of “Buy” from the five research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $2.83.

Several analysts recently issued reports on the stock. B. Riley reduced their price target on FiscalNote from $1.75 to $1.50 and set a “buy” rating on the stock in a report on Friday. Roth Mkm reduced their target price on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Friday. Finally, D. Boral Capital raised their price target on shares of FiscalNote from $3.50 to $3.75 and gave the stock a “buy” rating in a report on Tuesday, February 25th.

FiscalNote Price Performance

Shares of NYSE:NOTE traded down $0.06 during trading on Friday, reaching $0.90. 3,988,713 shares of the company’s stock traded hands, compared to its average volume of 4,274,239. The firm has a market cap of $127.66 million, a PE ratio of -4.11 and a beta of 0.40. The company has a 50-day simple moving average of $1.33 and a 200-day simple moving average of $1.17. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44. FiscalNote has a fifty-two week low of $0.75 and a fifty-two week high of $2.07.

FiscalNote (NYSE:NOTE) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). The company had revenue of $29.47 billion during the quarter, compared to analyst estimates of $29.02 million. FiscalNote had a negative return on equity of 88.72% and a negative net margin of 22.27%. As a group, analysts predict that FiscalNote will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $1.13, for a total value of $57,784.81. Following the sale, the director now directly owns 2,655,992 shares of the company’s stock, valued at approximately $3,001,270.96. This represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 122,719 shares of company stock worth $146,099 in the last ninety days. 41.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC raised its stake in FiscalNote by 83.2% during the 4th quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock worth $27,000 after acquiring an additional 11,486 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of FiscalNote by 27.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock worth $31,000 after purchasing an additional 6,090 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of FiscalNote by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock valued at $31,000 after purchasing an additional 10,765 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of FiscalNote by 250.0% in the 4th quarter. NewEdge Advisors LLC now owns 35,000 shares of the company’s stock valued at $37,000 after purchasing an additional 25,000 shares during the period. Finally, Mariner LLC boosted its position in shares of FiscalNote by 85.3% in the 4th quarter. Mariner LLC now owns 35,662 shares of the company’s stock valued at $38,000 after purchasing an additional 16,418 shares during the period. Hedge funds and other institutional investors own 54.31% of the company’s stock.

FiscalNote Company Profile

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.