FiscalNote (NYSE:NOTE) Price Target Cut to $5.00

FiscalNote (NYSE:NOTE) had its target price reduced by stock analysts at Northland Securities from $6.00 to $5.00 in a report issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ price target would indicate a potential upside of 290.63% from the company’s current price.

Separately, DA Davidson lowered their target price on FiscalNote from $1.35 to $1.05 and set a “neutral” rating for the company in a report on Friday, August 9th.

FiscalNote Stock Up 4.1 %

FiscalNote stock opened at $1.28 on Monday. The business has a fifty day moving average of $1.54 and a two-hundred day moving average of $1.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.44. The firm has a market cap of $172.00 million, a P/E ratio of -3.56 and a beta of 0.45. FiscalNote has a twelve month low of $0.65 and a twelve month high of $3.01.

FiscalNote (NYSE:NOTE) last posted its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The company had revenue of $29.25 million during the quarter, compared to analyst estimates of $29.05 million. FiscalNote had a negative return on equity of 141.98% and a negative net margin of 48.89%. During the same quarter in the prior year, the business earned ($0.23) earnings per share. On average, analysts forecast that FiscalNote will post -0.47 earnings per share for the current fiscal year.

Insider Transactions at FiscalNote

In other news, CEO Tim Hwang sold 54,329 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $1.42, for a total transaction of $77,147.18. Following the transaction, the chief executive officer now directly owns 2,662,043 shares of the company’s stock, valued at $3,780,101.06. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 135,186 shares of company stock valued at $192,654. Corporate insiders own 47.59% of the company’s stock.

Hedge Funds Weigh In On FiscalNote

A number of large investors have recently made changes to their positions in NOTE. Natixis acquired a new position in shares of FiscalNote in the 1st quarter valued at $40,000. PFG Investments LLC acquired a new position in shares of FiscalNote in the 1st quarter valued at $61,000. International Assets Investment Management LLC increased its position in shares of FiscalNote by 196.7% in the 4th quarter. International Assets Investment Management LLC now owns 82,194 shares of the company’s stock valued at $94,000 after acquiring an additional 54,494 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of FiscalNote by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock valued at $5,529,000 after acquiring an additional 12,853 shares during the period. 54.31% of the stock is owned by institutional investors and hedge funds.

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.