International Assets Investment Management LLC Grows Stake in FiscalNote Holdings, Inc. (NYSE:NOTE)

International Assets Investment Management LLC boosted its stake in FiscalNote Holdings, Inc. (NYSE:NOTE) by 35.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,656 shares of the company’s stock after buying an additional 34,956 shares during the quarter. International Assets Investment Management LLC owned approximately 0.10% of FiscalNote worth $172,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC purchased a new position in shares of FiscalNote in the second quarter valued at approximately $26,000. Natixis acquired a new position in FiscalNote in the 1st quarter valued at $40,000. Squarepoint Ops LLC lifted its holdings in FiscalNote by 181.9% in the 2nd quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock valued at $218,000 after purchasing an additional 96,457 shares in the last quarter. Marshall Wace LLP acquired a new stake in FiscalNote during the 2nd quarter worth $608,000. Finally, Vanguard Group Inc. grew its holdings in shares of FiscalNote by 0.3% during 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. 54.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Tim Hwang sold 22,186 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $1.18, for a total value of $26,179.48. Following the transaction, the chief executive officer now directly owns 2,471,867 shares in the company, valued at approximately $2,916,803.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 122,923 shares of company stock valued at $152,857. 47.59% of the stock is currently owned by insiders.

FiscalNote Stock Up 1.8 %

NOTE stock opened at $0.91 on Thursday. FiscalNote Holdings, Inc. has a one year low of $0.65 and a one year high of $2.27. The firm has a market cap of $126.31 million, a PE ratio of -4.12 and a beta of 0.49. The firm’s 50 day moving average price is $1.16 and its 200-day moving average price is $1.35. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.01.

FiscalNote (NYSE:NOTE) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) EPS 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 analyst estimates of $29.05 million. FiscalNote had a negative return on equity of 115.06% and a negative net margin of 36.20%. During the same quarter in the prior year, the company posted ($0.23) EPS. On average, equities research analysts anticipate that FiscalNote Holdings, Inc. will post -0.43 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on NOTE. B. Riley lowered their price target on shares of FiscalNote from $2.25 to $2.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. EF Hutton Acquisition Co. I upgraded FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th. DA Davidson cut their price target on FiscalNote from $1.35 to $1.05 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, Northland Securities lowered their price objective on FiscalNote from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $2.68.

FiscalNote Profile

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.