FiscalNote Holdings, Inc. (NYSE:NOTE) Receives Consensus Rating of “Moderate Buy” from Brokerages

FiscalNote Holdings, Inc. (NYSE:NOTE) has been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $29.25.

NOTE has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FiscalNote in a research note on Thursday, January 22nd. LADENBURG THALM/SH SH upgraded FiscalNote to a “strong-buy” rating in a research note on Thursday, December 18th.

Hedge Funds Weigh In On FiscalNote

A number of institutional investors and hedge funds have recently made changes to their positions in NOTE. Bank of America Corp DE raised its position in shares of FiscalNote by 51.5% during the 4th quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock valued at $52,000 after buying an additional 16,675 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in FiscalNote by 8.2% during the first quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company’s stock worth $384,000 after acquiring an additional 35,984 shares during the last quarter. Focus Partners Wealth raised its position in FiscalNote by 830.9% during the first quarter. Focus Partners Wealth now owns 800,033 shares of the company’s stock valued at $647,000 after purchasing an additional 714,091 shares during the period. Citizens Financial Group Inc. RI lifted its stake in shares of FiscalNote by 147.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 470,000 shares of the company’s stock valued at $252,000 after purchasing an additional 280,000 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of FiscalNote in the 2nd quarter worth approximately $232,000. 54.31% of the stock is owned by hedge funds and other institutional investors.

FiscalNote Trading Up 7.5%

Shares of FiscalNote stock opened at $1.14 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.01 and a current ratio of 1.01. The company has a fifty day moving average of $1.40 and a 200 day moving average of $3.10. The company has a market capitalization of $17.91 million, a P/E ratio of -0.27 and a beta of 0.62. FiscalNote has a fifty-two week low of $0.80 and a fifty-two week high of $15.60.

FiscalNote Company Profile

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.