FiscalNote (NOTE) Set to Announce Quarterly Earnings on Thursday

FiscalNote (NYSE:NOTE) is set to release its earnings data before the market opens on Thursday, May 9th. Analysts expect FiscalNote to post earnings of ($0.17) per share for the quarter. FiscalNote has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.

FiscalNote (NYSE:NOTE) last posted its earnings results on Tuesday, March 12th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). The business had revenue of $34.27 million during the quarter, compared to analyst estimates of $34.53 million. FiscalNote had a negative net margin of 101.78% and a negative return on equity of 121.46%. On average, analysts expect FiscalNote to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

FiscalNote Trading Up 2.2 %

Shares of NYSE:NOTE traded up $0.03 during mid-day trading on Friday, reaching $1.38. The stock had a trading volume of 79,042 shares, compared to its average volume of 844,030. FiscalNote has a twelve month low of $0.65 and a twelve month high of $4.51. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 5.12. The firm has a 50 day simple moving average of $1.47 and a two-hundred day simple moving average of $1.32. The firm has a market cap of $180.79 million, a PE ratio of -1.55 and a beta of 0.43.

Insider Buying and Selling at FiscalNote

In related news, CEO Tim Hwang sold 29,284 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $1.82, for a total value of $53,296.88. Following the completion of the sale, the chief executive officer now owns 2,808,999 shares in the company, valued at $5,112,378.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 90,493 shares of company stock valued at $135,220. 47.59% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NOTE shares. DA Davidson upped their target price on shares of FiscalNote from $0.65 to $1.75 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. B. Riley lifted their price target on FiscalNote from $1.75 to $2.25 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $4.44.

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.