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

International Assets Investment Management LLC lessened its holdings in shares of FiscalNote Holdings, Inc. (NYSE:NOTE) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,700 shares of the company’s stock after selling 9,500 shares during the period. International Assets Investment Management LLC owned 0.07% of FiscalNote worth $146,000 at the end of the most recent reporting period.

Separately, Vanguard Group Inc. grew its stake in shares of FiscalNote by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock valued at $5,529,000 after buying an additional 12,853 shares during the period. Institutional investors own 54.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. DA Davidson dropped their price target on shares of FiscalNote from $1.35 to $1.05 and set a “neutral” rating for the company in a research note on Friday, August 9th. B. Riley dropped their price target on shares of FiscalNote from $2.25 to $2.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Finally, Northland Securities dropped their price target on shares of FiscalNote from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Monday, August 12th.

Insider Transactions at FiscalNote

In other news, CEO Tim Hwang sold 56,319 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $1.41, for a total value of $79,409.79. Following the transaction, the chief executive officer now directly owns 2,605,724 shares in the company, valued at approximately $3,674,070.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 131,898 shares of company stock worth $188,495. 47.59% of the stock is currently owned by insiders.

FiscalNote Stock Performance

Shares of NOTE stock opened at $1.30 on Monday. The firm’s 50 day moving average price is $1.54 and its 200-day moving average price is $1.47. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.01. FiscalNote Holdings, Inc. has a one year low of $0.65 and a one year high of $2.57. The firm has a market cap of $181.32 million, a P/E ratio of -3.61 and a beta of 0.45.

FiscalNote (NYSE:NOTE) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.04. FiscalNote had a negative net margin of 36.20% and a negative return on equity of 115.06%. The firm had revenue of $29.25 million for the quarter, compared to analyst estimates of $29.05 million. During the same period in the prior year, the business posted ($0.23) EPS. As a group, equities research analysts predict that FiscalNote Holdings, Inc. will post -0.43 EPS for the current 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.