FiscalNote Holdings, Inc. (NYSE:NOTE) Given Average Rating of “Buy” by Brokerages

FiscalNote Holdings, Inc. (NYSE:NOTE) has earned an average rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $2.66.

A number of research analysts have issued reports on NOTE shares. D. Boral Capital restated a “buy” rating and set a $3.75 target price on shares of FiscalNote in a research report on Monday, March 17th. Roth Mkm cut their price objective on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, B. Riley lowered their target price on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a report on Friday, March 14th.

FiscalNote Stock Performance

Shares of FiscalNote stock opened at $0.73 on Tuesday. The firm has a 50 day simple moving average of $1.19 and a 200 day simple moving average of $1.12. FiscalNote has a fifty-two week low of $0.61 and a fifty-two week high of $2.07. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $103.65 million, a P/E ratio of -3.34 and a beta of 0.59.

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

Insider Buying and Selling

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $1.13, for a total transaction of $57,784.81. Following the sale, the director now directly owns 2,655,992 shares in the company, valued at approximately $3,001,270.96. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 155,113 shares of company stock valued at $164,712 in the last 90 days. 41.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NOTE. Kennedy Capital Management LLC boosted its stake in shares of FiscalNote by 154.9% during the 4th quarter. Kennedy Capital Management LLC now owns 2,272,722 shares of the company’s stock worth $2,432,000 after buying an additional 1,381,166 shares during the last quarter. Deutsche Bank AG increased its position in shares of FiscalNote by 425.0% during the 4th quarter. Deutsche Bank AG now owns 139,997 shares of the company’s stock worth $150,000 after purchasing an additional 113,333 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of FiscalNote by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock worth $1,986,000 after purchasing an additional 108,320 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of FiscalNote in the 4th quarter valued at approximately $87,000. Finally, LPL Financial LLC grew its stake in shares of FiscalNote by 255.6% in the fourth quarter. LPL Financial LLC now owns 104,348 shares of the company’s stock valued at $112,000 after buying an additional 75,000 shares in the last quarter. 54.31% of the stock is owned by institutional investors and hedge funds.

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.