B. Riley Issues Pessimistic Forecast for FiscalNote (NYSE:NOTE) Stock Price

FiscalNote (NYSE:NOTE) had its price target cut by B. Riley from $2.00 to $1.75 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently commented on NOTE. EF Hutton Acquisition Co. I raised shares of FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th. DA Davidson reduced their target price on shares of 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 target on shares of FiscalNote from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Monday, August 12th.

FiscalNote Price Performance

NYSE:NOTE opened at $0.80 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 0.81. The stock’s 50-day simple moving average is $1.10 and its 200 day simple moving average is $1.33. The company has a market cap of $111.61 million, a P/E ratio of -3.64 and a beta of 0.49. FiscalNote has a 52-week low of $0.73 and a 52-week high of $2.27.

Insider Buying and Selling at FiscalNote

In other FiscalNote news, CEO Tim Hwang sold 22,186 shares of the stock in a transaction dated 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 of the company’s stock, valued at $2,916,803.06. This represents a 0.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 125,149 shares of company stock valued at $154,823 in the last three months. 47.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased 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 purchasing an additional 12,853 shares during the period. Geode Capital Management LLC increased its holdings in shares of FiscalNote by 7.5% during the third quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock worth $1,986,000 after purchasing an additional 108,320 shares during the period. State Street Corp increased its holdings in shares of FiscalNote by 1.4% during the third quarter. State Street Corp now owns 1,261,429 shares of the company’s stock worth $1,615,000 after purchasing an additional 17,624 shares during the period. Stonehill Capital Management LLC bought a new position in shares of FiscalNote during the third quarter worth approximately $995,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of FiscalNote by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock worth $725,000 after purchasing an additional 21,811 shares during the period. 54.31% of the stock is owned by institutional investors.

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.