FiscalNote Holdings, Inc. (NYSE:NOTE) Receives $29.25 Consensus Price Target from Analysts

FiscalNote Holdings, Inc. (NYSE:NOTE) has received a consensus recommendation of “Moderate Buy” from the five analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $29.25.

Several brokerages have recently issued reports on NOTE. LADENBURG THALM/SH SH upgraded FiscalNote to a “strong-buy” rating in a research note on Thursday, December 18th. Weiss Ratings restated a “sell (e+)” rating on shares of FiscalNote in a report on Thursday, January 22nd.

Institutional Trading of FiscalNote

Several hedge funds have recently added to or reduced their stakes in NOTE. Bank of America Corp DE lifted its holdings in FiscalNote by 51.5% during the 4th quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock worth $52,000 after buying an additional 16,675 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in FiscalNote by 8.2% in the first quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company’s stock valued at $384,000 after purchasing an additional 35,984 shares in the last quarter. Focus Partners Wealth increased its stake in FiscalNote by 830.9% in the first quarter. Focus Partners Wealth now owns 800,033 shares of the company’s stock valued at $647,000 after purchasing an additional 714,091 shares during the last quarter. Citizens Financial Group Inc. RI raised its holdings 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 purchasing an additional 280,000 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in FiscalNote during the second quarter worth approximately $232,000. Institutional investors and hedge funds own 54.31% of the company’s stock.

FiscalNote Price Performance

Shares of NOTE opened at $1.07 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.66. FiscalNote has a fifty-two week low of $0.80 and a fifty-two week high of $15.00. The company has a market cap of $16.73 million, a P/E ratio of -0.25 and a beta of 0.62. The firm’s 50 day moving average price is $1.39 and its 200 day moving average price is $3.06.

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.