LADENBURG THALM/SH SH Issues Pessimistic Forecast for FiscalNote (NYSE:NOTE) Stock Price

FiscalNote (NYSE:NOTE) had its target price dropped by equities researchers at LADENBURG THALM/SH SH from $9.75 to $3.25 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock.

FiscalNote Stock Up 11.1%

Shares of FiscalNote stock traded up $0.01 on Wednesday, reaching $0.07. The company’s stock had a trading volume of 110,423 shares, compared to its average volume of 443,751. FiscalNote has a 52 week low of $0.06 and a 52 week high of $6.84. The firm’s fifty day simple moving average is $0.13 and its two-hundred day simple moving average is $0.46. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $1.99 million, a price-to-earnings ratio of -0.02 and a beta of 0.78.

Hedge Funds Weigh In On FiscalNote

Several hedge funds and other institutional investors have recently bought and sold shares of NOTE. Focus Partners Wealth lifted 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 worth $647,000 after purchasing an additional 714,091 shares during the period. Marshall Wace LLP bought a new stake in FiscalNote during the second quarter valued at approximately $232,000. NewEdge Advisors LLC increased its holdings in FiscalNote by 617.6% during the second quarter. NewEdge Advisors LLC now owns 268,094 shares of the company’s stock valued at $144,000 after buying an additional 230,733 shares during the last quarter. Stonehill Capital Management LLC raised its position in FiscalNote by 55.9% in the fourth quarter. Stonehill Capital Management LLC now owns 221,050 shares of the company’s stock worth $325,000 after acquiring an additional 79,299 shares during the period. Finally, Corecam AG bought a new position in FiscalNote in the fourth quarter worth approximately $73,000. 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.