FiscalNote (NYSE:NOTE) Shares Cross Below Fifty Day Moving Average of $1.31

Shares of FiscalNote Holdings, Inc. (NYSE:NOTEGet Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.31 and traded as low as $1.12. FiscalNote shares last traded at $1.12, with a volume of 265,908 shares trading hands.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on FiscalNote

FiscalNote Price Performance

The firm has a market cap of $150.51 million, a price-to-earnings ratio of -3.11 and a beta of 0.41. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.44. The company has a 50 day moving average of $1.31 and a 200 day moving average of $1.32.

FiscalNote (NYSE:NOTEGet Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The firm had revenue of $32.11 million during the quarter, compared to analysts’ expectations of $30.89 million. FiscalNote had a negative return on equity of 141.98% and a negative net margin of 48.89%. During the same quarter in the prior year, the company earned ($0.11) EPS. Equities research analysts predict that FiscalNote Holdings, Inc. will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Tim Hwang sold 31,431 shares of the business’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 completion of the sale, the chief executive officer now directly owns 2,777,568 shares in the company, valued at $3,305,305.92. The sale was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders sold 56,062 shares of company stock worth $70,670. Corporate insiders own 47.59% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in FiscalNote by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock worth $5,529,000 after purchasing an additional 12,853 shares during the last quarter. Natixis bought a new stake in FiscalNote during the first quarter worth about $40,000. International Assets Investment Management LLC boosted its stake in FiscalNote by 51.5% during the first quarter. International Assets Investment Management LLC now owns 109,200 shares of the company’s stock worth $136,000 after acquiring an additional 37,100 shares in the last quarter. PFG Investments LLC bought a new position in shares of FiscalNote in the first quarter worth approximately $61,000. Finally, Victory Capital Management Inc. lifted its stake in shares of FiscalNote by 2,632.3% in the third quarter. Victory Capital Management Inc. now owns 301,506 shares of the company’s stock worth $627,000 after buying an additional 290,471 shares in the last quarter. 54.31% of the stock is currently owned by institutional investors and hedge funds.

About FiscalNote

(Get Free Report)

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.

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