Analysts Set FiscalNote Holdings, Inc. (NYSE:NOTE) Price Target at $4.44

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $4.44.

A number of equities analysts have weighed in on NOTE shares. B. Riley lifted their price target on shares of FiscalNote from $1.75 to $2.25 and gave the company a “buy” rating in a report on Wednesday, March 13th. DA Davidson increased their price target on FiscalNote from $0.65 to $1.75 and gave the company a “neutral” rating in a report on Wednesday, March 13th.

Insider Transactions at FiscalNote

In other news, CEO Tim Hwang sold 30,131 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $1.39, for a total transaction of $41,882.09. Following the completion of the sale, the chief executive officer now owns 2,838,283 shares of the company’s stock, valued at $3,945,213.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 120,543 shares of company stock valued at $176,661. 50.78% of the stock is currently owned by insiders.

Institutional Trading of FiscalNote

Several institutional investors and hedge funds have recently bought and sold shares of NOTE. International Assets Investment Management LLC boosted its position in FiscalNote by 51.5% during the 1st quarter. International Assets Investment Management LLC now owns 109,200 shares of the company’s stock worth $136,000 after acquiring an additional 37,100 shares during the period. Vanguard Group Inc. raised its stake in shares of FiscalNote by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 4,144,643 shares of the company’s stock valued at $4,725,000 after purchasing an additional 19,033 shares in the last quarter. Barclays PLC lifted its holdings in FiscalNote by 693.3% in the fourth quarter. Barclays PLC now owns 82,100 shares of the company’s stock worth $94,000 after purchasing an additional 71,751 shares during the period. Northern Trust Corp grew its position in FiscalNote by 4.7% in the 4th quarter. Northern Trust Corp now owns 546,948 shares of the company’s stock valued at $624,000 after buying an additional 24,536 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in FiscalNote during the 3rd quarter valued at about $69,000. Institutional investors and hedge funds own 54.31% of the company’s stock.

FiscalNote Stock Up 1.6 %

FiscalNote stock opened at $1.24 on Friday. FiscalNote has a fifty-two week low of $0.65 and a fifty-two week high of $4.51. The company has a debt-to-equity ratio of 5.12, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s fifty day moving average is $1.53 and its two-hundred day moving average is $1.37. The firm has a market capitalization of $162.45 million, a price-to-earnings ratio of -1.43 and a beta of 0.47.

FiscalNote (NYSE:NOTE) last released its quarterly earnings results on Tuesday, March 12th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.08). FiscalNote had a negative net margin of 101.78% and a negative return on equity of 121.46%. The business had revenue of $34.27 million during the quarter, compared to analyst estimates of $34.53 million. Analysts predict that FiscalNote will post -0.57 EPS 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.