FiscalNote (NYSE:NOTE) Releases Quarterly Earnings Results, Hits Expectations

FiscalNote (NYSE:NOTE) issued its earnings results on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10), Zacks reports. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. FiscalNote updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

FiscalNote Stock Performance

Shares of NYSE NOTE traded down $0.08 during midday trading on Thursday, reaching $0.96. The company’s stock had a trading volume of 1,805,408 shares, compared to its average volume of 4,276,824. The stock has a market capitalization of $135.99 million, a P/E ratio of -4.38 and a beta of 0.40. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50 day moving average price of $1.34 and a 200-day moving average price of $1.17. FiscalNote has a 12-month low of $0.75 and a 12-month high of $2.07.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NOTE. D. Boral Capital raised their target price on FiscalNote from $3.50 to $3.75 and gave the company a “buy” rating in a research note on Tuesday, February 25th. B. Riley reduced their price target on shares of FiscalNote from $2.00 to $1.75 and set a “buy” rating for the company in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $2.89.

Insider Buying and Selling

In related news, Director Tim Hwang sold 51,137 shares of FiscalNote stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $1.13, for a total value of $57,784.81. Following the sale, the director now owns 2,655,992 shares of the company’s stock, valued at approximately $3,001,270.96. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 122,719 shares of company stock worth $146,099. 41.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On FiscalNote

A hedge fund recently raised its stake in FiscalNote stock. Bank of America Corp DE raised its holdings in shares of FiscalNote Holdings, Inc. (NYSE:NOTE) by 51.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,042 shares of the company’s stock after acquiring an additional 16,675 shares during the quarter. Bank of America Corp DE’s holdings in FiscalNote were worth $52,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 54.31% of the company’s stock.

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.