B. Riley Has Bearish Forecast for FiscalNote Q2 Earnings

FiscalNote Holdings, Inc. (NYSE:NOTE - Free Report) - Research analysts at B. Riley lowered their Q2 2025 earnings estimates for shares of FiscalNote in a research report issued to clients and investors on Tuesday, May 13th. B. Riley analyst Z. Cummins now expects that the company will earn ($0.10) per share for the quarter, down from their previous 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.

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 analyst estimates of $26.43 million.

Several other equities research analysts also recently issued reports on NOTE. Roth Mkm lowered their price target on FiscalNote from $3.00 to $2.00 and set a "buy" rating for the company in a report on Friday, March 14th. D. Boral Capital reissued a "buy" rating and set a $3.75 price target on shares of FiscalNote in a research report on Tuesday, May 13th. Finally, LADENBURG THALM/SH SH initiated coverage on FiscalNote in a research note on Thursday, May 1st. They issued a "buy" rating and a $2.50 price objective on the stock. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $2.63.

FiscalNote Trading Down 1.6%

FiscalNote stock traded down $0.01 during mid-day trading on Thursday, hitting $0.68. The stock had a trading volume of 1,060,511 shares, compared to its average volume of 2,921,261. The stock has a 50-day simple moving average of $0.74 and a two-hundred day simple moving average of $1.01. The stock has a market capitalization of $109.60 million, a PE ratio of -3.09 and a beta of 0.62. FiscalNote has a 12 month low of $0.56 and a 12 month high of $2.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44.

Insider Buying and Selling

In other news, Director Tim Hwang sold 51,137 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $1.13, for a total transaction of $57,784.81. Following the transaction, the director now owns 2,655,992 shares of the company's stock, valued at $3,001,270.96. This represents a 1.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 133,801 shares of company stock worth $112,212 in the last ninety days. Corporate insiders own 40.16% of the company's stock.

Hedge Funds Weigh In On FiscalNote

A number of institutional investors have recently added to or reduced their stakes in NOTE. SG Americas Securities LLC grew its holdings in shares of FiscalNote by 83.2% during the 4th 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 last quarter. Wells Fargo & Company MN raised its holdings in 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 purchasing an additional 10,765 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in 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 period. NewEdge Advisors LLC boosted its position in shares of FiscalNote by 250.0% during the fourth quarter. NewEdge Advisors LLC now owns 35,000 shares of the company's stock valued at $37,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Mariner LLC grew its position in shares of FiscalNote by 85.3% in the 4th quarter. Mariner LLC now owns 35,662 shares of the company's stock worth $38,000 after buying an additional 16,418 shares during the period. 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.