FiscalNote (NYSE:NOTE) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

FiscalNote Holdings, Inc. (NYSE:NOTE)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.32 and traded as low as $1.10. FiscalNote shares last traded at $1.26, with a volume of 837,584 shares changing hands.

Analysts Set New Price Targets

NOTE has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of FiscalNote in a report on Thursday, January 22nd. LADENBURG THALM/SH SH raised shares of FiscalNote to a “strong-buy” rating in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.25.

FiscalNote Stock Down 5.3%

The business’s 50 day simple moving average is $1.45 and its 200 day simple moving average is $3.28. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $18.90 million, a PE ratio of -0.28 and a beta of 0.62.

Hedge Funds Weigh In On FiscalNote

Large investors have recently modified their holdings of the stock. Citizens Financial Group Inc. RI boosted its stake in FiscalNote by 147.4% during the second quarter. Citizens Financial Group Inc. RI now owns 470,000 shares of the company’s stock worth $252,000 after buying an additional 280,000 shares during the period. NewEdge Advisors LLC raised its stake in shares of FiscalNote by 95.2% in the fourth quarter. NewEdge Advisors LLC now owns 84,261 shares of the company’s stock valued at $124,000 after acquiring an additional 41,090 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of FiscalNote by 25.2% in the 2nd quarter. International Assets Investment Management LLC now owns 158,835 shares of the company’s stock worth $85,000 after acquiring an additional 32,000 shares during the last quarter. R Squared Ltd purchased a new position in shares of FiscalNote during the 2nd quarter worth about $27,000. Finally, Marex Group plc bought a new position in FiscalNote during the 2nd quarter valued at about $89,000. Institutional investors own 54.31% of the company’s stock.

About FiscalNote

FiscalNote is a technology and data services company specializing in government and regulatory intelligence. Founded in 2013 by Timothy Hwang, Gerald Yao and Jonathan Chen, the company is headquartered in Washington, DC, with additional offices in New York, Brussels, London, Singapore and Hong Kong. FiscalNote went public in March 2021 through a special-purpose acquisition company (SPAC) merger and is listed on the New York Stock Exchange under the ticker NOTE.

The company’s flagship software-as-a-service platform aggregates legislative and regulatory data from jurisdictions around the world, combining that information with AI-driven analytics and expert commentary.