B. Riley Has Pessimistic Outlook of FiscalNote Q2 Earnings

FiscalNote Holdings, Inc. (NYSE:NOTE - Free Report) - Stock analysts at B. Riley cut their Q2 2025 earnings per share (EPS) estimates for shares of FiscalNote in a report released on Tuesday, May 13th. B. Riley analyst Z. Cummins now expects that the company will post earnings per share of ($0.10) for the quarter, down from their prior forecast of ($0.09). B. Riley currently has a "Buy" rating and a $1.50 target price 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 Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.08) EPS, FY2025 earnings at ($0.39) EPS and FY2026 earnings at ($0.31) EPS.

A number of other research analysts have also weighed in on the company. Roth Mkm decreased their price objective on FiscalNote from $3.00 to $2.00 and set a "buy" rating on the stock in a report on Friday, March 14th. D. Boral Capital reaffirmed a "buy" rating and set a $3.75 price objective on shares of FiscalNote in a research report on Tuesday. Finally, LADENBURG THALM/SH SH assumed coverage on shares of FiscalNote in a report on Thursday, May 1st. They set a "buy" rating and a $2.50 price target for the company. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $2.63.

FiscalNote Trading Down 2.9%

Shares of NOTE stock opened at $0.64 on Thursday. 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 $0.56 and a 1-year high of $2.07. The company has a market cap of $103.42 million, a price-to-earnings ratio of -2.91 and a beta of 0.62. The stock has a 50 day simple moving average of $0.76 and a 200-day simple moving average of $1.02.

FiscalNote (NYSE:NOTE - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.02). FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. The company had revenue of $27.51 million for the quarter, compared to analysts' expectations of $26.43 million.

Insiders Place Their Bets

In related 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 value of $57,784.81. Following the sale, the director now directly owns 2,655,992 shares of the company's stock, valued at $3,001,270.96. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 134,352 shares of company stock worth $113,149. Insiders own 40.16% of the company's stock.

Institutional Investors Weigh In On FiscalNote

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in FiscalNote by 83.2% in the fourth quarter. SG Americas Securities LLC now owns 25,285 shares of the company's stock worth $27,000 after purchasing an additional 11,486 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of FiscalNote by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 29,315 shares of the company's stock worth $31,000 after acquiring an additional 10,765 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of FiscalNote by 27.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company's stock valued at $31,000 after acquiring an additional 6,090 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of FiscalNote by 250.0% during the 4th quarter. NewEdge Advisors LLC now owns 35,000 shares of the company's stock valued at $37,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Mariner LLC lifted its stake in FiscalNote by 85.3% during the fourth quarter. Mariner LLC now owns 35,662 shares of the company's stock worth $38,000 after purchasing an additional 16,418 shares during the last quarter. Institutional investors 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.

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