Arkadios Wealth Advisors Takes $40,000 Position in FiscalNote Holdings, Inc. (NYSE:NOTE)

Arkadios Wealth Advisors purchased a new stake in shares of FiscalNote Holdings, Inc. (NYSE:NOTE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 37,289 shares of the company’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NOTE. Stonehill Capital Management LLC bought a new position in shares of FiscalNote during the third quarter valued at $995,000. Marshall Wace LLP bought a new position in FiscalNote in the second quarter valued at about $608,000. Geode Capital Management LLC lifted its holdings 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. Squarepoint Ops LLC lifted its holdings in FiscalNote by 181.9% in the second quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock valued at $218,000 after acquiring an additional 96,457 shares during the period. Finally, Barclays PLC lifted its holdings in FiscalNote by 318.2% in the third quarter. Barclays PLC now owns 86,286 shares of the company’s stock valued at $110,000 after acquiring an additional 65,655 shares during the period. 54.31% of the stock is owned by institutional investors.

FiscalNote Stock Performance

Shares of NOTE opened at $1.37 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44. The business has a 50-day simple moving average of $1.08 and a two-hundred day simple moving average of $1.22. The stock has a market cap of $192.76 million, a price-to-earnings ratio of -6.20 and a beta of 0.38. FiscalNote Holdings, Inc. has a 52 week low of $0.75 and a 52 week high of $2.27.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NOTE shares. EF Hutton Acquisition Co. I raised FiscalNote to a “strong-buy” rating in a report on Monday, October 28th. D. Boral Capital reissued a “buy” rating and issued a $3.50 target price on shares of FiscalNote in a report on Thursday, January 16th. Finally, B. Riley lowered their target price on FiscalNote from $2.00 to $1.75 and set a “buy” rating on the stock in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FiscalNote has a consensus rating of “Buy” and a consensus price target of $2.83.

About FiscalNote

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.