FiscalNote Holdings, Inc. (OTCMKTS:NOTE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of FiscalNote Holdings, Inc. (OTCMKTS:NOTE) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $7.44.

Several equities analysts have commented on NOTE shares. Northland Securities reissued an “outperform” rating and issued a $9.00 price target on shares of FiscalNote in a research report on Friday, July 14th. Roth Capital reissued a “buy” rating on shares of FiscalNote in a research note on Wednesday, June 21st. Roth Mkm began coverage on FiscalNote in a research report on Wednesday, June 21st. They issued a “buy” rating and a $4.75 price target on the stock. Finally, B. Riley started coverage on FiscalNote in a research report on Tuesday, July 25th. They set a “buy” rating and a $5.00 price objective for the company.

Insider Activity at FiscalNote

In other FiscalNote news, Director Conrad Yiu bought 55,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was acquired at an average price of $3.00 per share, for a total transaction of $165,000.00. Following the completion of the purchase, the director now owns 1,511,985 shares of the company’s stock, valued at $4,535,955. The acquisition was disclosed in a filing with the SEC, which is available through this link. 50.78% of the stock is owned by insiders.

Institutional Trading of FiscalNote

Several hedge funds have recently made changes to their positions in NOTE. Citigroup Inc. purchased a new stake in shares of FiscalNote in the fourth quarter valued at approximately $51,000. Victory Capital Management Inc. acquired a new position in shares of FiscalNote during the 4th quarter worth $41,000. ExodusPoint Capital Management LP purchased a new position in shares of FiscalNote in the 1st quarter valued at about $27,000. International Assets Investment Management LLC purchased a new stake in FiscalNote during the second quarter worth about $45,000. Finally, Colony Group LLC acquired a new position in FiscalNote during the first quarter worth about $30,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

FiscalNote Stock Up 1.6 %

Shares of OTCMKTS:NOTE opened at $2.25 on Friday. The business has a 50-day moving average price of $3.21 and a 200 day moving average price of $2.57. FiscalNote has a 12-month low of $1.31 and a 12-month high of $8.58. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $288.86 million, a price-to-earnings ratio of -0.97 and a beta of 0.29.

FiscalNote (OTCMKTS:NOTE) last posted its earnings results on Wednesday, August 9th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.11). FiscalNote had a negative net margin of 180.24% and a negative return on equity of 111.55%. The company had revenue of $32.84 million during the quarter, compared to analyst estimates of $33.03 million. Sell-side analysts expect that FiscalNote will post -0.63 EPS for the current year.

About FiscalNote

FiscalNote Holdings, Inc operates as technology company. It combines artificial intelligence technology, machine learning, and other technologies with analytics, workflow tools, and expert research. The company 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.