FiscalNote’s (NOTE) Buy Rating Reaffirmed at D. Boral Capital

D. Boral Capital restated their buy rating on shares of FiscalNote (NYSE:NOTE) in a report published on Monday morning,Benzinga reports. D. Boral Capital currently has a $3.75 price target on the stock.

Several other equities analysts have also issued reports on the company. Roth Mkm dropped their price target on FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Friday. B. Riley dropped their price target on FiscalNote from $1.75 to $1.50 and set a “buy” rating on the stock in a research note on Friday. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $2.66.

FiscalNote Price Performance

NYSE:NOTE opened at $1.05 on Monday. FiscalNote has a 1-year low of $0.75 and a 1-year high of $2.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44. The firm has a fifty day simple moving average of $1.32 and a 200 day simple moving average of $1.16. The stock has a market capitalization of $147.57 million, a PE ratio of -4.75 and a beta of 0.40.

FiscalNote (NYSE:NOTE) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) 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 firm had revenue of $29.47 billion during the quarter, compared to analysts’ expectations of $29.02 million. On average, research analysts expect that FiscalNote will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Tim Hwang sold 51,137 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $1.13, for a total transaction of $57,784.81. Following the transaction, the director now directly owns 2,655,992 shares of the company’s stock, valued at $3,001,270.96. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 122,719 shares of company stock valued at $146,099 over the last ninety days. Company insiders own 41.75% of the company’s stock.

Institutional Trading of FiscalNote

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC grew its position in shares of FiscalNote by 83.2% during the fourth quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock worth $27,000 after purchasing an additional 11,486 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in FiscalNote by 27.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock valued at $31,000 after buying an additional 6,090 shares in the last quarter. Wells Fargo & Company MN grew its holdings in FiscalNote by 58.0% during the 4th quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock valued at $31,000 after buying an additional 10,765 shares in the last quarter. NewEdge Advisors LLC grew its holdings in FiscalNote by 250.0% during the 4th quarter. NewEdge Advisors LLC now owns 35,000 shares of the company’s stock valued at $37,000 after buying an additional 25,000 shares in the last quarter. Finally, Mariner LLC lifted its stake in shares of FiscalNote by 85.3% in the 4th quarter. Mariner LLC now owns 35,662 shares of the company’s stock valued at $38,000 after purchasing an additional 16,418 shares during the last quarter. 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.