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

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $4.44.

A number of research analysts recently commented on the company. B. Riley increased their target price on FiscalNote from $1.75 to $2.25 and gave the company a “buy” rating in a research note on Wednesday, March 13th. DA Davidson upped their price objective on FiscalNote from $0.65 to $1.75 and gave the stock a “neutral” rating in a report on Wednesday, March 13th.

Insider Buying and Selling

In other FiscalNote news, CEO Tim Hwang sold 31,431 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $1.19, for a total transaction of $37,402.89. Following the completion of the sale, the chief executive officer now directly owns 2,777,568 shares in the company, valued at $3,305,305.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 120,543 shares of company stock worth $176,661 in the last 90 days. 50.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On FiscalNote

A number of large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in shares of FiscalNote by 51.5% during the first quarter. International Assets Investment Management LLC now owns 109,200 shares of the company’s stock valued at $136,000 after purchasing an additional 37,100 shares during the period. Vanguard Group Inc. raised its holdings in FiscalNote by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,144,643 shares of the company’s stock valued at $4,725,000 after buying an additional 19,033 shares during the last quarter. Barclays PLC boosted its position in FiscalNote by 693.3% during the 4th quarter. Barclays PLC now owns 82,100 shares of the company’s stock valued at $94,000 after buying an additional 71,751 shares during the period. Northern Trust Corp boosted its position in FiscalNote by 4.7% during the 4th quarter. Northern Trust Corp now owns 546,948 shares of the company’s stock valued at $624,000 after buying an additional 24,536 shares during the period. Finally, Deutsche Bank AG bought a new stake in FiscalNote in the 3rd quarter worth $69,000. 54.31% of the stock is owned by hedge funds and other institutional investors.

FiscalNote Price Performance

Shares of NYSE NOTE opened at $1.27 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 5.12. The business has a 50-day moving average of $1.56 and a 200-day moving average of $1.40. The firm has a market capitalization of $166.38 million, a price-to-earnings ratio of -1.46 and a beta of 0.47. FiscalNote has a 12 month low of $0.65 and a 12 month high of $4.51.

FiscalNote (NYSE:NOTE) last released its quarterly earnings results on Tuesday, March 12th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). The company had revenue of $34.27 million during the quarter, compared to analysts’ expectations of $34.53 million. FiscalNote had a negative return on equity of 121.46% and a negative net margin of 101.78%. Sell-side analysts expect that FiscalNote will post -0.57 earnings per share for the current fiscal year.

FiscalNote Company Profile

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.