FiscalNote Holdings, Inc. (NYSE:NOTE) Receives $2.83 Average Target Price from Brokerages

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) have been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $2.66.

Several equities research analysts have recently commented on NOTE shares. Roth Mkm reduced their price target on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Friday, March 14th. B. Riley cut their target price on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a research report on Friday, March 14th. Finally, D. Boral Capital reiterated a “buy” rating and issued a $3.75 price target on shares of FiscalNote in a research report on Monday.

Insider Buying and Selling

In related news, Director Tim Hwang sold 51,137 shares of FiscalNote stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $1.13, for a total transaction of $57,784.81. Following the transaction, the director now owns 2,655,992 shares in the company, valued at approximately $3,001,270.96. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders sold 119,969 shares of company stock valued at $141,974. 41.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FiscalNote

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC grew 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. Envestnet Asset Management Inc. grew its holdings in FiscalNote by 27.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock valued at $31,000 after buying an additional 6,090 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of FiscalNote by 58.0% during the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock valued at $31,000 after buying an additional 10,765 shares during the last quarter. Wolverine Trading LLC raised its position in shares of FiscalNote by 95.1% during the fourth quarter. Wolverine Trading LLC now owns 34,137 shares of the company’s stock valued at $39,000 after buying an additional 16,637 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of FiscalNote by 250.0% during the fourth quarter. NewEdge Advisors LLC now owns 35,000 shares of the company’s stock worth $37,000 after acquiring an additional 25,000 shares during the last quarter. 54.31% of the stock is owned by institutional investors.

FiscalNote Trading Down 2.6 %

Shares of NOTE stock opened at $0.98 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44. FiscalNote has a 12-month low of $0.75 and a 12-month high of $2.07. The stock has a market capitalization of $138.96 million, a P/E ratio of -4.47 and a beta of 0.40. The firm’s 50 day moving average is $1.31 and its 200 day moving average is $1.16.

FiscalNote (NYSE:NOTE) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.10). The firm had revenue of $29.47 billion for 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%. Research analysts expect that FiscalNote will post -0.43 earnings per share for the current year.

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.