FiscalNote (NOTE) to Release Earnings on Thursday

FiscalNote (NYSE:NOTE) is scheduled to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. FiscalNote has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

FiscalNote (NYSE:NOTE) last released its earnings results on Tuesday, March 12th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). FiscalNote had a negative return on equity of 121.46% and a negative net margin of 101.78%. The business had revenue of $34.27 million during the quarter, compared to analysts’ expectations of $34.53 million. On average, analysts expect FiscalNote to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

FiscalNote Trading Down 4.0 %

NOTE opened at $1.31 on Wednesday. The company has a debt-to-equity ratio of 5.12, a current ratio of 0.76 and a quick ratio of 0.76. The company’s 50 day simple moving average is $1.45 and its two-hundred day simple moving average is $1.30. FiscalNote has a 1-year low of $0.65 and a 1-year high of $4.51. The firm has a market capitalization of $170.97 million, a price-to-earnings ratio of -1.50 and a beta of 0.43.

Insider Activity at FiscalNote

In related news, CEO Tim Hwang sold 31,431 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $1.19, for a total value of $37,402.89. Following the transaction, the chief executive officer now directly owns 2,777,568 shares in the company, valued at $3,305,305.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 83,675 shares of company stock worth $125,061. Insiders own 47.59% of the company’s stock.

Analysts Set New Price Targets

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

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.