FiscalNote (NYSE:NOTE) Shares Cross Above Fifty Day Moving Average of $1.33

FiscalNote Holdings, Inc. (NYSE:NOTE)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.33 and traded as high as $1.53. FiscalNote shares last traded at $1.50, with a volume of 857,551 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NOTE. B. Riley increased their price target on shares of FiscalNote from $1.75 to $2.25 and gave the stock a “buy” rating in a report on Wednesday, March 13th. DA Davidson raised their price target on shares of FiscalNote from $0.65 to $1.75 and gave the company a “neutral” rating in a report on Wednesday, March 13th.

FiscalNote Stock Up 4.2 %

The company has a market cap of $201.57 million, a PE ratio of -4.17 and a beta of 0.41. The stock’s 50 day moving average price is $1.33 and its 200-day moving average price is $1.34. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 1.09.

FiscalNote (NYSE:NOTE) last issued its earnings results on Thursday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.05. FiscalNote had a negative net margin of 48.89% and a negative return on equity of 141.98%. The firm had revenue of $32.11 million for the quarter, compared to analysts’ expectations of $30.89 million. During the same quarter last year, the business earned ($0.11) earnings per share. On average, analysts predict that FiscalNote Holdings, Inc. will post -0.47 earnings per share for the current year.

Insider Activity

In other FiscalNote news, CEO Tim Hwang sold 31,431 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $1.19, for a total transaction of $37,402.89. Following the transaction, the chief executive officer now owns 2,777,568 shares in the company, valued at approximately $3,305,305.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 56,679 shares of company stock valued at $69,705. Corporate insiders own 47.59% of the company’s stock.

Institutional Investors Weigh In On FiscalNote

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC boosted its stake in FiscalNote by 196.7% in the 4th quarter. International Assets Investment Management LLC now owns 82,194 shares of the company’s stock worth $94,000 after purchasing an additional 54,494 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of FiscalNote by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock worth $5,529,000 after buying an additional 12,853 shares in the last quarter. Natixis purchased a new stake in shares of FiscalNote during the first quarter valued at approximately $40,000. Finally, PFG Investments LLC bought a new stake in shares of FiscalNote during the first quarter valued at approximately $61,000. Hedge funds and other institutional investors own 54.31% of the company’s stock.

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.