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

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) have been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $2.63.

Several research firms have commented on NOTE. Wall Street Zen upgraded FiscalNote from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Roth Mkm dropped their price target on FiscalNote from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Friday, March 14th. B. Riley dropped their price target on FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a research report on Friday, March 14th. D. Boral Capital reaffirmed a “buy” rating and set a $3.75 target price on shares of FiscalNote in a report on Tuesday, May 13th. Finally, LADENBURG THALM/SH SH began coverage on shares of FiscalNote in a report on Thursday, May 1st. They set a “buy” rating and a $2.50 target price for the company.

Institutional Trading of FiscalNote

Large investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management LLC grew its holdings in shares of 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 purchasing an additional 1,381,166 shares during the period. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 25,501 shares during the period. Focus Partners Wealth grew its stake in shares of FiscalNote by 830.9% in the 1st quarter. Focus Partners Wealth now owns 800,033 shares of the company’s stock valued at $647,000 after buying an additional 714,091 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of FiscalNote by 17.4% in the 1st 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 period. Finally, Northern Trust Corp grew its stake in shares of FiscalNote by 7.9% in the 4th quarter. Northern Trust Corp now owns 564,004 shares of the company’s stock valued at $603,000 after buying an additional 41,137 shares during the period. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

FiscalNote Price Performance

Shares of NYSE NOTE opened at $0.64 on Wednesday. The firm has a market cap of $103.79 million, a PE ratio of -2.92 and a beta of 0.62. The firm has a fifty day moving average of $0.66 and a 200 day moving average of $0.99. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 0.81. FiscalNote has a one year low of $0.56 and a one year high of $2.07.

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