FiscalNote (NOTE) Scheduled to Post Earnings on Tuesday

FiscalNote (NYSE:NOTE) is set to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect FiscalNote to post earnings of ($0.10) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

FiscalNote (NYSE:NOTE) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. The business had revenue of $29.25 million for the quarter, compared to analysts’ expectations of $29.05 million. FiscalNote had a negative net margin of 36.20% and a negative return on equity of 115.06%. During the same quarter in the previous year, the business posted ($0.23) earnings per share. On average, analysts expect FiscalNote to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

FiscalNote Stock Performance

NYSE:NOTE opened at $0.93 on Friday. The stock has a market cap of $130.26 million, a P/E ratio of -4.25 and a beta of 0.49. The firm’s fifty day simple moving average is $1.15 and its 200 day simple moving average is $1.34. FiscalNote has a twelve month low of $0.65 and a twelve month high of $2.27. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. DA Davidson dropped their target price on shares of FiscalNote from $1.35 to $1.05 and set a “neutral” rating on the stock in a report on Friday, August 9th. EF Hutton Acquisition Co. I raised FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th. B. Riley lowered their price target on FiscalNote from $2.25 to $2.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Finally, Northland Securities decreased their target price on FiscalNote from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, FiscalNote presently has a consensus rating of “Moderate Buy” and an average price target of $2.68.

Insider Activity at FiscalNote

In related news, CEO Tim Hwang sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $1.24, for a total transaction of $31,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,516,513 shares in the company, valued at approximately $3,120,476.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 122,923 shares of company stock worth $152,857. 47.59% of the stock is owned by company insiders.

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.