FiscalNote (NOTE) Expected to Announce Quarterly Earnings on Thursday

FiscalNote (NYSE:NOTE) is projected to issue its quarterly earnings data after the market closes on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $29.02 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

FiscalNote Price Performance

Shares of NYSE:NOTE opened at $1.03 on Tuesday. The firm has a market cap of $144.75 million, a PE ratio of -4.66 and a beta of 0.40. The firm’s fifty day moving average is $1.34 and its 200-day moving average is $1.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 0.81. FiscalNote has a 52 week low of $0.75 and a 52 week high of $2.27.

Insider Activity at FiscalNote

In other news, Director Tim Hwang sold 56,795 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $1.22, for a total transaction of $69,289.90. Following the transaction, the director now owns 2,237,129 shares in the company, valued at approximately $2,729,297.38. This represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 122,719 shares of company stock worth $146,099 over the last quarter. Company insiders own 41.75% of the company’s stock.

Hedge Funds Weigh In On FiscalNote

A hedge fund recently raised its stake in FiscalNote stock. Bank of America Corp DE grew its stake in shares of FiscalNote Holdings, Inc. (NYSE:NOTE) by 51.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,042 shares of the company’s stock after purchasing an additional 16,675 shares during the period. Bank of America Corp DE’s holdings in FiscalNote were worth $52,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 54.31% of the company’s stock.

Analysts Set New Price Targets

NOTE has been the topic of a number of recent research reports. B. Riley cut their price target on shares of FiscalNote from $2.00 to $1.75 and set a “buy” rating on the stock in a report on Wednesday, November 13th. D. Boral Capital lifted their price target on shares of FiscalNote from $3.50 to $3.75 and gave the stock a “buy” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $2.89.

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.