FiscalNote (NYSE:NOTE) Stock Crosses Above 50 Day Moving Average of $1.33

FiscalNote Holdings, Inc. (NYSE:NOTE) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.33 and traded as high as $1.53. FiscalNote shares last traded at $1.50, with a volume of 857,551 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. B. Riley upped their target price on shares of FiscalNote from $1.75 to $2.25 and gave the company a “buy” rating in a research note on Wednesday, March 13th. DA Davidson upped their price objective on shares of FiscalNote from $0.65 to $1.75 and gave the company a “neutral” rating in a research report on Wednesday, March 13th.

FiscalNote Stock Performance

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $196.19 million, a price-to-earnings ratio of -4.06 and a beta of 0.41. The stock has a 50-day simple moving average of $1.35 and a 200-day simple moving average of $1.34.

FiscalNote (NYSE:NOTE) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.05. The business had revenue of $32.11 million for the quarter, compared to analysts’ expectations of $30.89 million. FiscalNote had a negative net margin of 48.89% and a negative return on equity of 141.98%. During the same quarter last year, the company posted ($0.11) earnings per share. On average, analysts anticipate that FiscalNote Holdings, Inc. will post -0.47 earnings per share for the current year.

Insider Transactions at FiscalNote

In other news, CEO Tim Hwang sold 31,431 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $1.19, for a total transaction of $37,402.89. Following the completion of the transaction, the chief executive officer now owns 2,777,568 shares of the company’s stock, valued at $3,305,305.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 56,679 shares of company stock worth $69,705. 47.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Natixis bought a new position in shares of FiscalNote during the 1st quarter valued at $40,000. Vanguard Group Inc. increased its position in FiscalNote by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock worth $5,529,000 after buying an additional 12,853 shares during the last quarter. PFG Investments LLC bought a new position in FiscalNote during the first quarter valued at about $61,000. Finally, International Assets Investment Management LLC lifted its position in shares of FiscalNote by 51.5% in the first quarter. International Assets Investment Management LLC now owns 109,200 shares of the company’s stock worth $136,000 after buying an additional 37,100 shares during the last quarter. 54.31% of the stock is owned by hedge funds and other institutional investors.

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.