What is B. Riley’s Estimate for FiscalNote FY2024 Earnings?

FiscalNote Holdings, Inc. (NYSE:NOTE) – B. Riley boosted their FY2024 earnings per share estimates for FiscalNote in a report released on Wednesday, November 13th. B. Riley analyst Z. Cummins now forecasts that the company will post earnings per share of ($0.42) for the year, up from their previous estimate of ($0.43). B. Riley has a “Buy” rating and a $1.75 price objective on the stock. The consensus estimate for FiscalNote’s current full-year earnings is ($0.43) per share. B. Riley also issued estimates for FiscalNote’s Q4 2024 earnings at ($0.10) EPS, Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at ($0.11) EPS, Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.42) EPS.

Other equities analysts also recently issued research reports about the stock. 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. DA Davidson cut their target price on FiscalNote from $1.35 to $1.05 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, EF Hutton Acquisition Co. I upgraded FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th.

FiscalNote Stock Performance

FiscalNote stock opened at $0.79 on Monday. The business has a 50 day moving average of $1.10 and a 200-day moving average of $1.32. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81. FiscalNote has a 1 year low of $0.75 and a 1 year high of $2.27. The company has a market capitalization of $109.95 million, a P/E ratio of -3.59 and a beta of 0.49.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in FiscalNote by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock valued at $5,529,000 after buying an additional 12,853 shares in the last quarter. Geode Capital Management LLC grew its stake in FiscalNote by 7.5% in the third quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock valued at $1,986,000 after acquiring an additional 108,320 shares during the period. State Street Corp increased 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 acquiring an additional 17,624 shares in the last quarter. Stonehill Capital Management LLC acquired a new position in shares of FiscalNote during the third quarter worth approximately $995,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of FiscalNote by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock worth $725,000 after purchasing an additional 21,811 shares in the last quarter. Institutional investors and hedge funds own 54.31% of the company’s stock.

Insider Buying and Selling

In related news, CEO Tim Hwang sold 22,186 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $1.18, for a total transaction of $26,179.48. Following the completion of the sale, the chief executive officer now owns 2,471,867 shares of the company’s stock, valued at $2,916,803.06. This trade represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 125,596 shares of company stock valued at $155,185 over the last quarter. Insiders own 47.59% of the company’s stock.

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.