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

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $4.44.

Several equities research analysts have recently weighed in on the company. B. Riley increased their price target on FiscalNote from $1.75 to $2.25 and gave the stock a “buy” rating in a report on Wednesday, March 13th. DA Davidson increased their target price on FiscalNote from $0.65 to $1.75 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th.

Insider Activity

In other FiscalNote news, CEO Tim Hwang sold 30,131 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $1.39, for a total transaction of $41,882.09. Following the transaction, the chief executive officer now owns 2,838,283 shares of the company’s stock, valued at approximately $3,945,213.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 120,543 shares of company stock worth $176,661. Company insiders own 50.78% of the company’s stock.

Institutional Trading of FiscalNote

Several hedge funds and other institutional investors have recently bought and sold shares of NOTE. BlackRock Inc. raised its position in shares of FiscalNote by 379.9% in the 2nd quarter. BlackRock Inc. now owns 4,505,691 shares of the company’s stock worth $16,401,000 after acquiring an additional 3,566,802 shares in the last quarter. State Street Corp raised its holdings in FiscalNote by 252.9% in the second quarter. State Street Corp now owns 1,094,023 shares of the company’s stock worth $3,982,000 after purchasing an additional 784,045 shares in the last quarter. Geode Capital Management LLC raised its holdings in FiscalNote by 112.9% in the second quarter. Geode Capital Management LLC now owns 1,334,217 shares of the company’s stock worth $4,857,000 after purchasing an additional 707,438 shares in the last quarter. Vanguard Group Inc. bought a new stake in shares of FiscalNote in the 3rd quarter valued at about $3,318,000. Finally, Northern Trust Corp boosted its stake in FiscalNote by 303.1% in the second quarter. Northern Trust Corp now owns 517,882 shares of the company’s stock valued at $1,885,000 after acquiring an additional 389,421 shares in the last quarter. Institutional investors own 54.31% of the company’s stock.

FiscalNote Stock Performance

Shares of NOTE opened at $1.27 on Friday. The company’s fifty day simple moving average is $1.56 and its 200-day simple moving average is $1.40. The company has a market cap of $166.38 million, a P/E ratio of -1.46 and a beta of 0.47. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 5.12. FiscalNote has a twelve month low of $0.65 and a twelve month high of $4.51.

FiscalNote (NYSE:NOTE) last issued its quarterly earnings results on Tuesday, March 12th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.08). The firm had revenue of $34.27 million for the quarter, compared to the consensus estimate of $34.53 million. FiscalNote had a negative net margin of 101.78% and a negative return on equity of 121.46%. As a group, analysts expect that FiscalNote will post -0.57 EPS for the current year.

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.