International Assets Investment Management LLC Boosts Holdings in FiscalNote Holdings, Inc. (NYSE:NOTE)

International Assets Investment Management LLC raised its position in FiscalNote Holdings, Inc. (NYSE:NOTE) by 196.7% in the 4th quarter, Holdings Channel reports. The fund owned 82,194 shares of the company’s stock after acquiring an additional 54,494 shares during the period. International Assets Investment Management LLC’s holdings in FiscalNote were worth $94,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new position in FiscalNote during the third quarter worth about $49,000. Certuity LLC acquired a new position in FiscalNote during the 3rd quarter worth approximately $78,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of FiscalNote during the 3rd quarter worth approximately $277,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of FiscalNote by 2,632.3% in the 3rd quarter. Victory Capital Management Inc. now owns 301,506 shares of the company’s stock valued at $627,000 after buying an additional 290,471 shares during the period. Hedge funds and other institutional investors own 54.31% of the company’s stock.

Analysts Set New Price Targets

NOTE has been the topic of a number of recent analyst reports. B. Riley upped their price objective on FiscalNote from $1.75 to $2.25 and gave the stock a “buy” rating in a report on Wednesday, March 13th. DA Davidson upped their price target on shares of FiscalNote from $0.65 to $1.75 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.44.

Insider Buying and Selling at FiscalNote

In other news, CEO Tim Hwang sold 29,284 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $1.82, for a total transaction of $53,296.88. Following the completion of the transaction, the chief executive officer now directly owns 2,808,999 shares of the company’s stock, valued at approximately $5,112,378.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 120,543 shares of company stock valued at $176,661 over the last quarter. Corporate insiders own 47.59% of the company’s stock.

FiscalNote Stock Performance

Shares of NOTE stock opened at $1.39 on Tuesday. The company has a debt-to-equity ratio of 5.12, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $181.45 million, a PE ratio of -1.59 and a beta of 0.47. FiscalNote Holdings, Inc. has a 1 year low of $0.65 and a 1 year high of $4.51. The stock has a fifty day moving average price of $1.49 and a 200 day moving average price of $1.32.

FiscalNote (NYSE:NOTE) last released its quarterly earnings results on Tuesday, March 12th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.08). The firm had revenue of $34.27 million for the quarter, compared to analyst estimates of $34.53 million. FiscalNote had a negative return on equity of 121.46% and a negative net margin of 101.78%. Sell-side analysts forecast that FiscalNote Holdings, Inc. will post -0.57 earnings per share for the current fiscal year.

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.