FiscalNote’s (NOTE) “Buy” Rating Reiterated at D. Boral Capital

D. Boral Capital reissued their buy rating on shares of FiscalNote (NYSE:NOTE) in a report published on Monday morning,Benzinga reports. They currently have a $3.75 target price on the stock.

Several other analysts have also issued reports on NOTE. Roth Mkm cut their price target on FiscalNote from $3.00 to $2.00 and set a “buy” rating for the company in a report on Friday, March 14th. B. Riley decreased their price objective on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a report on Friday, March 14th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, FiscalNote has an average rating of “Buy” and an average target price of $2.66.

FiscalNote Stock Up 2.2 %

FiscalNote stock opened at $1.02 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $143.33 million, a P/E ratio of -4.61 and a beta of 0.40. FiscalNote has a twelve month low of $0.75 and a twelve month high of $2.07. The firm has a 50 day moving average price of $1.31 and a 200-day moving average price of $1.16.

FiscalNote (NYSE:NOTE) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). The firm had revenue of $29.47 billion during the quarter, compared to the consensus estimate of $29.02 million. FiscalNote had a negative return on equity of 88.72% and a negative net margin of 22.27%. As a group, equities analysts predict that FiscalNote will post -0.43 EPS for the current year.

Insider Activity at FiscalNote

In related news, Director Tim Hwang sold 56,795 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $1.22, for a total transaction of $69,289.90. Following the sale, the director now directly owns 2,237,129 shares of the company’s stock, valued at $2,729,297.38. This trade represents a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 119,969 shares of company stock valued at $141,974 in the last ninety days. Company insiders own 41.75% of the company’s stock.

Hedge Funds Weigh In On FiscalNote

Institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of FiscalNote by 27.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock valued at $31,000 after acquiring an additional 6,090 shares in the last quarter. Wells Fargo & Company MN lifted its stake in FiscalNote by 58.0% during the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock worth $31,000 after purchasing an additional 10,765 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of FiscalNote by 83.2% during the fourth quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock worth $27,000 after purchasing an additional 11,486 shares in the last quarter. Barclays PLC raised its stake in shares of FiscalNote by 15.1% in the fourth quarter. Barclays PLC now owns 99,341 shares of the company’s stock valued at $106,000 after acquiring an additional 13,055 shares in the last quarter. Finally, Mariner LLC raised its holdings in FiscalNote by 85.3% in the fourth quarter. Mariner LLC now owns 35,662 shares of the company’s stock valued at $38,000 after acquiring an additional 16,418 shares in 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.