FiscalNote Holdings, Inc. (NYSE:NOTE) Given Consensus Rating of “Buy” by Brokerages

FiscalNote Holdings, Inc. (NYSE:NOTE) has been assigned an average rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $2.66.

A number of analysts have recently weighed in on NOTE shares. Roth Mkm lowered their price objective on FiscalNote from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Friday, March 14th. B. Riley lowered their price target on FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a report on Friday, March 14th. Finally, D. Boral Capital restated a “buy” rating and set a $3.75 price objective on shares of FiscalNote in a report on Monday, March 17th.

Insiders Place Their Bets

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 2,655,992 shares of the company’s stock, valued at approximately $3,001,270.96. This trade represents a 1.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 155,604 shares of company stock valued at $165,080. 41.75% of the stock is owned by company insiders.

Institutional Trading of FiscalNote

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC lifted its position in FiscalNote by 83.2% during the fourth quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock valued at $27,000 after purchasing an additional 11,486 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of FiscalNote by 27.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock worth $31,000 after buying an additional 6,090 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of FiscalNote by 58.0% in the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock worth $31,000 after buying an additional 10,765 shares during the last quarter. NewEdge Advisors LLC grew its holdings in FiscalNote by 250.0% during the fourth quarter. NewEdge Advisors LLC now owns 35,000 shares of the company’s stock worth $37,000 after acquiring an additional 25,000 shares during the period. Finally, Mariner LLC lifted its holdings in FiscalNote by 85.3% in the fourth quarter. Mariner LLC now owns 35,662 shares of the company’s stock valued at $38,000 after acquiring an additional 16,418 shares during the period. Institutional investors and hedge funds own 54.31% of the company’s stock.

FiscalNote Stock Performance

NOTE stock opened at $0.67 on Tuesday. The firm has a 50-day simple moving average of $1.12 and a two-hundred day simple moving average of $1.10. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 0.81. FiscalNote has a one year low of $0.61 and a one year high of $2.07. The firm has a market cap of $107.51 million, a price-to-earnings ratio of -3.03 and a beta of 0.59.

FiscalNote (NYSE:NOTE) last posted its earnings results on Thursday, March 13th. The company reported ($0.10) EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $29.02 million. On average, equities analysts forecast that FiscalNote will post -0.43 EPS for the current fiscal year.

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.