LADENBURG THALM/SH SH Begins Coverage on FiscalNote (NYSE:NOTE)

Equities research analysts at LADENBURG THALM/SH SH started coverage on shares of FiscalNote (NYSE:NOTE) in a report released on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating and a $2.50 price target on the stock. LADENBURG THALM/SH SH’s price objective suggests a potential upside of 285.03% from the company’s current price.

Several other equities research analysts have also recently commented on the company. B. Riley cut their price target on FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a research note on Friday, March 14th. Roth Mkm lowered their target price on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, D. Boral Capital reissued a “buy” rating and set a $3.75 price target on shares of FiscalNote in a report on Monday, March 17th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $2.63.

FiscalNote Price Performance

NOTE stock opened at $0.65 on Thursday. The business has a 50 day simple moving average of $0.84 and a 200-day simple moving average of $1.05. The company has a market capitalization of $104.81 million, a P/E ratio of -2.95 and a beta of 0.62. FiscalNote has a twelve month low of $0.56 and a twelve month high of $2.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44.

FiscalNote (NYSE:NOTE) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) EPS for the quarter, meeting analysts’ consensus estimates of ($0.10). FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. The company had revenue of $29.47 billion for the quarter, compared to analyst estimates of $29.02 million. As a group, equities analysts anticipate that FiscalNote will post -0.43 EPS for the current year.

Insider Transactions at FiscalNote

In other news, Director Tim Hwang sold 51,137 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $1.13, for a total value of $57,784.81. Following the completion of the transaction, the director now owns 2,655,992 shares of the company’s stock, valued at $3,001,270.96. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 152,515 shares of company stock valued at $158,569 in the last quarter. 41.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NOTE. Bank of New York Mellon Corp grew its position in shares of FiscalNote by 26.9% in the first quarter. Bank of New York Mellon Corp now owns 143,153 shares of the company’s stock valued at $116,000 after purchasing an additional 30,362 shares during the period. Wolverine Trading LLC raised its position in FiscalNote by 95.1% in the fourth quarter. Wolverine Trading LLC now owns 34,137 shares of the company’s stock valued at $39,000 after purchasing an additional 16,637 shares during the period. Squarepoint Ops LLC purchased a new position in FiscalNote in the 4th quarter worth approximately $87,000. Deutsche Bank AG grew its holdings in FiscalNote by 425.0% during the 4th quarter. Deutsche Bank AG now owns 139,997 shares of the company’s stock valued at $150,000 after purchasing an additional 113,333 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of FiscalNote by 51.5% during the fourth quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock worth $52,000 after acquiring an additional 16,675 shares during the last quarter. 54.31% of the stock is currently owned by institutional investors and hedge funds.

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.