B. Riley Weighs in on FiscalNote Holdings, Inc.’s FY2024 Earnings (NYSE:NOTE)

FiscalNote Holdings, Inc. (NYSE:NOTE) – B. Riley raised their FY2024 EPS estimates for FiscalNote in a report released on Monday, August 12th. B. Riley analyst Z. Cummins now forecasts that the company will post earnings of ($0.43) per share for the year, up from their previous forecast of ($0.46). B. Riley currently has a “Buy” rating and a $2.00 target price on the stock. The consensus estimate for FiscalNote’s current full-year earnings is ($0.47) per share. B. Riley also issued estimates for FiscalNote’s Q4 2024 earnings at ($0.12) EPS and FY2025 earnings at ($0.39) EPS.

A number of other research analysts also recently weighed in on NOTE. Northland Securities reduced their target price on shares of FiscalNote from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Monday. DA Davidson reduced their target price on shares of FiscalNote from $1.35 to $1.05 and set a “neutral” rating for the company in a research report on Friday, August 9th.

FiscalNote Stock Down 2.4 %

FiscalNote stock opened at $1.21 on Wednesday. FiscalNote has a twelve month low of $0.65 and a twelve month high of $3.01. The firm has a 50 day moving average price of $1.54 and a 200-day moving average price of $1.48. The company has a market capitalization of $162.60 million, a P/E ratio of -3.36 and a beta of 0.45. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.44.

FiscalNote (NYSE:NOTE) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. FiscalNote had a negative net margin of 48.89% and a negative return on equity of 141.98%. The business had revenue of $29.25 million during the quarter, compared to the consensus estimate of $29.05 million. During the same period in the prior year, the firm posted ($0.23) EPS.

Hedge Funds Weigh In On FiscalNote

A number of institutional investors have recently made changes to their positions in NOTE. Marshall Wace LLP bought a new position in shares of FiscalNote in the 2nd quarter worth $608,000. Squarepoint Ops LLC grew its holdings in shares of FiscalNote by 181.9% during the 2nd quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock valued at $218,000 after purchasing an additional 96,457 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of FiscalNote by 196.7% during the 4th quarter. International Assets Investment Management LLC now owns 82,194 shares of the company’s stock valued at $94,000 after purchasing an additional 54,494 shares during the last quarter. PFG Investments LLC bought a new position in shares of FiscalNote during the 1st quarter valued at $61,000. Finally, Natixis bought a new position in shares of FiscalNote during the 1st quarter valued at $40,000. Institutional investors own 54.31% of the company’s stock.

Insiders Place Their Bets

In other FiscalNote news, CEO Tim Hwang sold 56,319 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $1.41, for a total value of $79,409.79. Following the sale, the chief executive officer now directly owns 2,605,724 shares in the company, valued at approximately $3,674,070.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 135,186 shares of company stock worth $192,654 in the last three months. 47.59% of the stock is currently owned by corporate insiders.

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.