FiscalNote Holdings, Inc. (NYSE:NOTE) Receives $2.83 Average Target Price from Analysts

FiscalNote Holdings, Inc. (NYSE:NOTE) has received a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $2.66.

NOTE has been the subject of a number of analyst reports. B. Riley dropped their price objective on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a report on Friday. Roth Mkm decreased their target price on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Friday. Finally, D. Boral Capital upped their target price on shares of FiscalNote from $3.50 to $3.75 and gave the company a “buy” rating in a research report on Tuesday, February 25th.

FiscalNote Price Performance

FiscalNote stock opened at $0.91 on Friday. FiscalNote has a 52-week low of $0.75 and a 52-week high of $2.07. The firm has a market capitalization of $128.51 million, a price-to-earnings ratio of -4.14 and a beta of 0.40. The company has a fifty day simple moving average of $1.33 and a 200-day simple moving average of $1.16. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44.

FiscalNote (NYSE:NOTE) last released its earnings results on Thursday, March 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.10). FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. The business had revenue of $29.47 billion during the quarter, compared to analyst estimates of $29.02 million. On average, equities analysts anticipate that FiscalNote will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at FiscalNote

In other news, Director Tim Hwang sold 56,795 shares of the firm’s stock in a transaction that occurred on 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 directly owns 2,237,129 shares in the company, valued at approximately $2,729,297.38. This trade represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 122,719 shares of company stock worth $146,099 over the last three months. Insiders own 41.75% of the company’s stock.

Hedge Funds Weigh In On FiscalNote

A number of hedge funds have recently modified their holdings of the business. Kennedy Capital Management LLC grew its position in shares of FiscalNote by 154.9% during the fourth quarter. Kennedy Capital Management LLC now owns 2,272,722 shares of the company’s stock worth $2,432,000 after acquiring an additional 1,381,166 shares during the last quarter. Geode Capital Management LLC grew its position in shares of FiscalNote by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,576,432 shares of the company’s stock worth $1,687,000 after acquiring an additional 25,501 shares during the last quarter. State Street Corp grew its position 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 acquiring an additional 17,624 shares during the last quarter. Stonehill Capital Management LLC purchased a new position in shares of FiscalNote during the third quarter worth approximately $995,000. Finally, Charles Schwab Investment Management Inc. grew its position in FiscalNote by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock valued at $725,000 after buying an additional 21,811 shares during the last quarter. 54.31% of the stock is currently owned by hedge funds and other 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.