B. Riley Issues Pessimistic Forecast for FiscalNote (NYSE:NOTE) Stock Price

FiscalNote (NYSE:NOTE) had its price objective lowered by B. Riley from $2.00 to $1.75 in a research note released on Wednesday,Benzinga reports. B. Riley currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. EF Hutton Acquisition Co. I upgraded shares of FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th. Northland Securities dropped their price target on shares of FiscalNote from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Finally, DA Davidson lowered their target price on shares of FiscalNote from $1.35 to $1.05 and set a “neutral” rating for the company in a research note on Friday, August 9th.

FiscalNote Stock Performance

NYSE NOTE opened at $0.80 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 1.01 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $111.61 million, a price-to-earnings ratio of -3.64 and a beta of 0.49. The firm’s 50 day simple moving average is $1.10 and its 200 day simple moving average is $1.33. FiscalNote has a 1 year low of $0.73 and a 1 year high of $2.27.

Insider Buying and Selling at FiscalNote

In other FiscalNote news, CEO Tim Hwang sold 25,000 shares of FiscalNote stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $1.24, for a total value of $31,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,516,513 shares of the company’s stock, valued at approximately $3,120,476.12. The trade was a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 125,149 shares of company stock valued at $154,823. Corporate insiders own 47.59% of the company’s stock.

Institutional Investors Weigh In On FiscalNote

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in FiscalNote by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock valued at $5,529,000 after purchasing an additional 12,853 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of FiscalNote by 7.5% during the third quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock valued at $1,986,000 after buying an additional 108,320 shares during the last quarter. State Street Corp grew its holdings in shares of FiscalNote by 1.4% during the third quarter. State Street Corp now owns 1,261,429 shares of the company’s stock valued at $1,615,000 after buying an additional 17,624 shares during the last quarter. Stonehill Capital Management LLC acquired a new position in shares of FiscalNote during the third quarter valued at about $995,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of FiscalNote by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock valued at $725,000 after buying an additional 21,811 shares during the last quarter. 54.31% of the stock is owned by institutional investors.

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.