LADENBURG THALM/SH SH Has Lowered Expectations for FiscalNote (NYSE:NOTE) Stock Price

FiscalNote (NYSE:NOTE) had its price objective cut by LADENBURG THALM/SH SH from $11.00 to $9.75 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of FiscalNote in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.38.

FiscalNote Price Performance

FiscalNote stock opened at $0.24 on Thursday. The stock’s 50 day moving average is $1.08 and its 200 day moving average is $2.41. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.03 and a quick ratio of 1.01. FiscalNote has a one year low of $0.11 and a one year high of $10.88. The firm has a market cap of $3.77 million, a P/E ratio of -0.05 and a beta of 0.62.

FiscalNote (NYSE:NOTE) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.66) earnings per share for the quarter, topping the consensus estimate of ($0.67) by $0.01. The company had revenue of $22.20 million during the quarter, compared to analysts’ expectations of $22.40 million. FiscalNote had a negative net margin of 68.39% and a negative return on equity of 80.70%. As a group, research analysts expect that FiscalNote will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD bought a new position in FiscalNote during the fourth quarter valued at about $36,000. XTX Topco Ltd lifted its position in shares of FiscalNote by 131.4% during the fourth quarter. XTX Topco Ltd now owns 35,516 shares of the company’s stock worth $52,000 after acquiring an additional 20,166 shares in the last quarter. Bank of America Corp DE boosted its stake in FiscalNote by 51.5% in the 4th 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 period. Two Sigma Investments LP bought a new position in shares of FiscalNote in the third quarter valued at approximately $64,000. Finally, Raymond James Financial Inc. grew its position in shares of FiscalNote by 4,900.0% during the 3rd quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock valued at $69,000 after purchasing an additional 14,700 shares in the last quarter. Institutional investors own 54.31% of the company’s stock.

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.