FiscalNote (NYSE:NOTE) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of FiscalNote (NYSE:NOTE) from a sell rating to a hold rating in a report issued on Thursday morning.

Other analysts have also recently issued research reports about the company. B. Riley cut their price objective on FiscalNote from $1.75 to $1.50 and set a “buy” rating on the stock in a research note on Friday, March 14th. LADENBURG THALM/SH SH initiated coverage on FiscalNote in a report on Thursday, May 1st. They issued a “buy” rating and a $2.50 price target for the company. Roth Mkm reduced their price objective on FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Finally, D. Boral Capital reaffirmed a “buy” rating and issued a $3.75 price objective on shares of FiscalNote in a report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, FiscalNote currently has an average rating of “Moderate Buy” and an average price target of $2.63.

FiscalNote Trading Down 0.2%

NOTE opened at $0.64 on Thursday. FiscalNote has a 12-month low of $0.56 and a 12-month high of $2.07. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $103.81 million, a PE ratio of -2.92 and a beta of 0.62. The firm’s fifty day moving average price is $0.72 and its 200 day moving average price is $1.01.

FiscalNote (NYSE:NOTE) last released its earnings results on Monday, May 12th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.02). FiscalNote had a negative return on equity of 88.72% and a negative net margin of 22.27%. The company had revenue of $27.51 million during the quarter, compared to the consensus estimate of $26.43 million. As a group, research analysts expect that FiscalNote will post -0.43 EPS for the current fiscal year.

Insider Activity

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $1.13, for a total value of $57,784.81. Following the sale, the director now directly owns 2,655,992 shares of the company’s stock, valued at $3,001,270.96. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 134,329 shares of company stock valued at $112,576. 40.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FiscalNote

Several hedge funds and other institutional investors have recently modified their holdings of NOTE. Focus Partners Wealth increased its holdings in shares of FiscalNote by 830.9% in the 1st quarter. Focus Partners Wealth now owns 800,033 shares of the company’s stock worth $647,000 after acquiring an additional 714,091 shares during the period. Goldman Sachs Group Inc. grew its position in FiscalNote by 8.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company’s stock worth $384,000 after purchasing an additional 35,984 shares during the last quarter. Nuveen LLC acquired a new stake in shares of FiscalNote in the first quarter valued at approximately $147,000. Charles Schwab Investment Management Inc. raised its holdings in shares of FiscalNote by 17.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 670,060 shares of the company’s stock valued at $541,000 after buying an additional 99,115 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of FiscalNote during the first quarter worth approximately $154,000. Institutional investors and hedge funds own 54.31% of the company’s stock.

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.