FiscalNote Holdings, Inc. (NYSE:NOTE) Given Consensus Recommendation of “Moderate Buy” by Analysts

FiscalNote Holdings, Inc. (NYSE:NOTE) has earned a consensus rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $29.25.

A number of research firms have recently commented on NOTE. LADENBURG THALM/SH SH raised FiscalNote to a “strong-buy” rating in a research note on Thursday, December 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of FiscalNote in a research report on Wednesday, October 8th.

Hedge Funds Weigh In On FiscalNote

A number of hedge funds have recently added to or reduced their stakes in the company. Two Sigma Investments LP bought a new position in FiscalNote in the 3rd quarter valued at approximately $64,000. Raymond James Financial Inc. increased its holdings in shares of FiscalNote by 4,900.0% in the 3rd quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock worth $69,000 after purchasing an additional 14,700 shares in the last quarter. Bank of America Corp DE raised its stake in shares of FiscalNote by 51.5% in the fourth quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock worth $52,000 after purchasing an additional 16,675 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of FiscalNote by 25.2% during the second quarter. International Assets Investment Management LLC now owns 158,835 shares of the company’s stock valued at $85,000 after purchasing an additional 32,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of FiscalNote by 8.2% during the first quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company’s stock valued at $384,000 after buying an additional 35,984 shares during the last quarter. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

FiscalNote Price Performance

Shares of NYSE NOTE opened at $1.69 on Thursday. The company has a 50 day simple moving average of $2.20 and a two-hundred day simple moving average of $4.73. FiscalNote has a fifty-two week low of $1.41 and a fifty-two week high of $24.36. The company has a market capitalization of $26.47 million, a price-to-earnings ratio of -0.40 and a beta of 0.62. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.01 and a current ratio of 1.01.

FiscalNote (NYSE:NOTE) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate of ($0.84) by ($0.89). FiscalNote had a negative return on equity of 75.96% and a negative net margin of 54.31%.The company had revenue of $22.43 million during the quarter, compared to analysts’ expectations of $22.83 million. Analysts expect that FiscalNote will post -0.43 EPS for the current fiscal year.

About FiscalNote

FiscalNote is a technology and data services company specializing in government and regulatory intelligence. Founded in 2013 by Timothy Hwang, Gerald Yao and Jonathan Chen, the company is headquartered in Washington, DC, with additional offices in New York, Brussels, London, Singapore and Hong Kong. FiscalNote went public in March 2021 through a special-purpose acquisition company (SPAC) merger and is listed on the New York Stock Exchange under the ticker NOTE.

The company’s flagship software-as-a-service platform aggregates legislative and regulatory data from jurisdictions around the world, combining that information with AI-driven analytics and expert commentary.