FiscalNote (NYSE:NOTE) Given New $1.50 Price Target at B. Riley

FiscalNote (NYSE:NOTE) had its target price reduced by equities research analysts at B. Riley from $1.75 to $1.50 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s price target would indicate a potential upside of 64.84% from the stock’s previous close.

Separately, D. Boral Capital boosted their target price on FiscalNote from $3.50 to $3.75 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $2.66.

FiscalNote Trading Down 5.7 %

Shares of NOTE stock opened at $0.91 on Friday. The stock has a 50-day simple moving average of $1.33 and a 200 day simple moving average of $1.16. The stock has a market capitalization of $128.51 million, a P/E ratio of -4.14 and a beta of 0.40. FiscalNote has a fifty-two week low of $0.75 and a fifty-two week high of $2.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44.

FiscalNote (NYSE:NOTE) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. The company had revenue of $29.47 billion for the quarter, compared to analysts’ expectations of $29.02 million. On average, sell-side analysts expect that FiscalNote will post -0.43 earnings per share for the current fiscal year.

Insider Activity at FiscalNote

In other news, Director Tim Hwang sold 51,137 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $1.13, for a total value of $57,784.81. Following the transaction, the director now owns 2,655,992 shares in the company, valued at $3,001,270.96. This represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 122,719 shares of company stock valued at $146,099. Company insiders own 41.75% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management LLC raised its holdings in shares of FiscalNote by 154.9% during the fourth quarter. Kennedy Capital Management LLC now owns 2,272,722 shares of the company’s stock worth $2,432,000 after acquiring an additional 1,381,166 shares in the last quarter. Stonehill Capital Management LLC acquired a new stake in shares of FiscalNote during the 3rd quarter valued at about $995,000. Deutsche Bank AG grew its stake in shares of FiscalNote by 425.0% in the 4th quarter. Deutsche Bank AG now owns 139,997 shares of the company’s stock valued at $150,000 after buying an additional 113,333 shares in the last quarter. Geode Capital Management LLC raised its position in 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 acquiring an additional 108,320 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in FiscalNote in the fourth quarter valued at approximately $87,000. Institutional investors and hedge funds own 54.31% of the company’s stock.

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.