FiscalNote Holdings, Inc. (NYSE:NOTE) Receives $2.63 Consensus PT from Brokerages

FiscalNote Holdings, Inc. (NYSE:NOTE) has received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $2.63.

A number of research firms recently weighed in on NOTE. D. Boral Capital reaffirmed a “buy” rating and set a $3.75 price target on shares of FiscalNote in a report on Monday, March 17th. Roth Mkm dropped their target price on FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. B. Riley reduced their price target on FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a report on Friday, March 14th. Finally, LADENBURG THALM/SH SH started coverage on FiscalNote in a report on Thursday, May 1st. They set a “buy” rating and a $2.50 price objective on the stock.

Insider Buying and Selling at FiscalNote

In related news, Director Tim Hwang sold 51,137 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 2,655,992 shares of the company’s stock, valued at approximately $3,001,270.96. This represents a 1.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 134,352 shares of company stock worth $113,149 over the last quarter. 41.75% of the stock is owned by corporate insiders.

Institutional Trading of FiscalNote

Several institutional investors have recently added to or reduced their stakes in NOTE. Geode Capital Management LLC boosted its stake in FiscalNote by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 1,576,432 shares of the company’s stock valued at $1,687,000 after acquiring an additional 25,501 shares during the period. Barclays PLC increased its position in FiscalNote by 318.2% in the third quarter. Barclays PLC now owns 86,286 shares of the company’s stock worth $110,000 after buying an additional 65,655 shares during the period. Kennedy Capital Management LLC lifted its stake in FiscalNote by 154.9% in the fourth quarter. Kennedy Capital Management LLC now owns 2,272,722 shares of the company’s stock valued at $2,432,000 after buying an additional 1,381,166 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of FiscalNote by 255.6% during the fourth quarter. LPL Financial LLC now owns 104,348 shares of the company’s stock valued at $112,000 after acquiring an additional 75,000 shares during the period. Finally, Arkadios Wealth Advisors bought a new position in shares of FiscalNote during the fourth quarter worth about $40,000. Institutional investors own 54.31% of the company’s stock.

FiscalNote Stock Up 3.4 %

Shares of FiscalNote stock opened at $0.67 on Friday. The company has a fifty day moving average price of $0.79 and a 200 day moving average price of $1.03. The stock has a market cap of $107.43 million, a price-to-earnings ratio of -3.03 and a beta of 0.62. FiscalNote has a twelve month low of $0.56 and a twelve month 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.

FiscalNote (NYSE:NOTE) last announced its earnings results on Thursday, March 13th. The company reported ($0.10) EPS for the quarter, meeting the consensus estimate of ($0.10). The business had revenue of $29.47 billion for the quarter, compared to the consensus estimate of $29.02 million. FiscalNote had a negative return on equity of 88.72% and a negative net margin of 22.27%. Equities research analysts forecast that FiscalNote will post -0.43 earnings per share for the current fiscal year.

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.