FiscalNote Holdings, Inc. (NYSE:NOTE) Receives $2.83 Consensus Target Price from Analysts

FiscalNote Holdings, Inc. (NYSE:NOTE) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $2.66.

NOTE has been the topic of a number of research analyst reports. Roth Mkm decreased their price objective on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Friday, March 14th. B. Riley decreased their price target on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating on the stock in a research note on Friday, March 14th. Finally, D. Boral Capital restated a “buy” rating and issued a $3.75 price objective on shares of FiscalNote in a research report on Monday.

FiscalNote Stock Performance

NYSE NOTE opened at $0.99 on Friday. The firm has a market cap of $139.95 million, a price-to-earnings ratio of -4.50 and a beta of 0.40. FiscalNote has a 1-year low of $0.75 and a 1-year high of $2.07. The company has a 50 day moving average of $1.31 and a 200-day moving average of $1.16. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44.

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

Insider Activity

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $1.13, for a total transaction of $57,784.81. Following the completion of the sale, the director now owns 2,655,992 shares in the company, valued at approximately $3,001,270.96. The trade was a 1.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 119,969 shares of company stock valued at $141,974. 41.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stonehill Capital Management LLC acquired a new position in FiscalNote in the third quarter valued at about $995,000. State Street Corp increased its stake in shares of FiscalNote by 1.4% in the 3rd 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 during the last quarter. Barclays PLC raised its position in shares of FiscalNote by 318.2% in the 3rd 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. Geode Capital Management LLC raised its position in shares of FiscalNote by 7.5% in the 3rd 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. Finally, Charles Schwab Investment Management Inc. boosted its stake in FiscalNote by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock worth $725,000 after acquiring an additional 21,811 shares during the last quarter. 54.31% of the stock is currently owned by institutional investors.

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.