FiscalNote Holdings, Inc. (NYSE:NOTE) Receives Average Recommendation of “Buy” from Brokerages

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) have earned an average rating of “Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $2.63.

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

Insider Buying and Selling at FiscalNote

In other news, Director Tim Hwang sold 51,137 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $1.13, for a total transaction of $57,784.81. Following the completion of the transaction, the director now owns 2,655,992 shares of the company’s stock, valued at $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 available through this link. In the last three months, insiders sold 134,352 shares of company stock worth $113,149. Insiders own 41.75% of the company’s stock.

Institutional Investors Weigh In On FiscalNote

Institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in shares of FiscalNote by 27.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock valued at $31,000 after buying an additional 6,090 shares during the period. Wells Fargo & Company MN boosted its holdings in FiscalNote by 58.0% in the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock valued at $31,000 after acquiring an additional 10,765 shares during the last quarter. SG Americas Securities LLC grew its position in FiscalNote by 83.2% during the fourth quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock valued at $27,000 after acquiring an additional 11,486 shares during the period. Barclays PLC increased its stake in FiscalNote by 15.1% during the fourth quarter. Barclays PLC now owns 99,341 shares of the company’s stock worth $106,000 after acquiring an additional 13,055 shares during the last quarter. Finally, Mariner LLC raised its holdings in shares of FiscalNote by 85.3% in the 4th quarter. Mariner LLC now owns 35,662 shares of the company’s stock worth $38,000 after purchasing an additional 16,418 shares during the period. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

FiscalNote Stock Performance

NYSE NOTE opened at $0.67 on Friday. The stock has a market capitalization of $107.43 million, a price-to-earnings ratio of -3.03 and a beta of 0.62. The business’s 50 day moving average is $0.79 and its two-hundred day moving average is $1.03. FiscalNote has a 12-month low of $0.56 and a 12-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 released its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) EPS for the quarter, hitting analysts’ consensus estimates of ($0.10). The firm had revenue of $29.47 billion for the quarter, compared to the consensus estimate of $29.02 million. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. Research analysts expect that FiscalNote will post -0.43 EPS for the current 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.