FiscalNote Holdings, Inc. (NYSE:NOTE) Given Average Rating of “Moderate Buy” by Analysts

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) have been given an average recommendation of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $29.25.

Several equities analysts have recently weighed in on NOTE shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of FiscalNote in a research note on Thursday, January 22nd. LADENBURG THALM/SH SH upgraded shares of FiscalNote to a “strong-buy” rating in a research report on Thursday, December 18th.

FiscalNote Stock Up 7.5%

NOTE stock opened at $1.14 on Friday. The company has a market cap of $17.91 million, a price-to-earnings ratio of -0.27 and a beta of 0.62. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50-day moving average is $1.40 and its two-hundred day moving average is $3.10. FiscalNote has a fifty-two week low of $0.80 and a fifty-two week high of $15.60.

Hedge Funds Weigh In On FiscalNote

Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP purchased a new stake in FiscalNote in the third quarter worth about $64,000. Raymond James Financial Inc. increased its holdings in FiscalNote by 4,900.0% in the 3rd quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock worth $69,000 after acquiring an additional 14,700 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in FiscalNote during the 4th quarter worth approximately $36,000. XTX Topco Ltd lifted its holdings in FiscalNote by 131.4% during the fourth quarter. XTX Topco Ltd now owns 35,516 shares of the company’s stock valued at $52,000 after purchasing an additional 20,166 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in FiscalNote by 51.5% during the fourth quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock valued at $52,000 after purchasing an additional 16,675 shares in the last quarter. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

About FiscalNote

FiscalNote is a technology and data services company specializing in government and regulatory intelligence. Founded in 2013 by Timothy Hwang, Gerald Yao and Jonathan Chen, the company is headquartered in Washington, DC, with additional offices in New York, Brussels, London, Singapore and Hong Kong. FiscalNote went public in March 2021 through a special-purpose acquisition company (SPAC) merger and is listed on the New York Stock Exchange under the ticker NOTE.

The company’s flagship software-as-a-service platform aggregates legislative and regulatory data from jurisdictions around the world, combining that information with AI-driven analytics and expert commentary.