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

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $4.44.

Several equities research analysts recently issued reports on NOTE shares. DA Davidson raised their target price on shares of FiscalNote from $0.65 to $1.75 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. B. Riley lifted their price target on shares of FiscalNote from $1.75 to $2.25 and gave the company a “buy” rating in a report on Wednesday, March 13th.

Insider Buying and Selling

In related news, CEO Tim Hwang sold 31,431 shares of FiscalNote stock in a transaction on Monday, April 1st. The shares were sold at an average price of $1.19, for a total transaction of $37,402.89. Following the transaction, the chief executive officer now owns 2,777,568 shares in the company, valued at approximately $3,305,305.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 90,493 shares of company stock valued at $135,220. 47.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FiscalNote

A number of large investors have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its holdings in FiscalNote by 2,632.3% in the 3rd quarter. Victory Capital Management Inc. now owns 301,506 shares of the company’s stock worth $627,000 after acquiring an additional 290,471 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of FiscalNote during the third quarter worth $277,000. International Assets Investment Management LLC boosted its stake in shares of FiscalNote by 51.5% in the first quarter. International Assets Investment Management LLC now owns 109,200 shares of the company’s stock valued at $136,000 after purchasing an additional 37,100 shares during the period. PFG Investments LLC acquired a new stake in FiscalNote during the 1st quarter valued at $61,000. Finally, Certuity LLC purchased a new stake in FiscalNote during the 3rd quarter worth $78,000. Institutional investors and hedge funds own 54.31% of the company’s stock.

FiscalNote Trading Down 1.8 %

Shares of NOTE opened at $1.38 on Tuesday. FiscalNote has a fifty-two week low of $0.65 and a fifty-two week high of $4.51. The stock has a fifty day moving average of $1.46 and a two-hundred day moving average of $1.30. 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 company has a market capitalization of $180.14 million, a PE ratio of -1.58 and a beta of 0.43.

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

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.