D. Boral Capital Reaffirms "Buy" Rating for FiscalNote (NYSE:NOTE)

Key Points

• D. Boral Capital has reiterated a "buy" rating for FiscalNote (NYSE:NOTE) with a price target of $3.75.
• Other analysts have mixed views on the stock, with Wall Street Zen downgrading it from a "hold" to a "sell" rating, while five analysts continue to support a buy rating.
• FiscalNote reported a revenue of $23.26 million for the most recent quarter, exceeding expectations, but has negative metrics like a 41.79% net margin and an expected earnings per share of -0.43 for the current fiscal year.

D. Boral Capital reaffirmed their buy rating on shares of FiscalNote (NYSE:NOTE - Free Report) in a report issued on Tuesday,Benzinga reports. They currently have a $3.75 target price on the stock.

NOTE has been the topic of several other research reports. Wall Street Zen lowered FiscalNote from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. LADENBURG THALM/SH SH began coverage on FiscalNote in a research note on Thursday, May 1st. They set a "buy" rating and a $2.50 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $2.44.

FiscalNote Trading Down 2.8%

NYSE:NOTE traded down $0.02 during trading hours on Tuesday, hitting $0.52. The company had a trading volume of 1,514,352 shares, compared to its average volume of 2,995,243. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average of $0.62 and a 200 day moving average of $0.82. The company has a market cap of $82.75 million, a P/E ratio of -1.63 and a beta of 0.59. FiscalNote has a 1 year low of $0.48 and a 1 year high of $2.03.

FiscalNote (NYSE:NOTE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. The business had revenue of $23.26 million during the quarter, compared to analysts' expectations of $22.83 million. FiscalNote had a negative return on equity of 60.80% and a negative net margin of 41.79%. Sell-side analysts expect that FiscalNote will post -0.43 earnings per share for the current year.

Insider Activity at FiscalNote

In other news, Director Tim Hwang sold 56,155 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $0.58, for a total value of $32,569.90. Following the transaction, the director owned 2,700,406 shares in the company, valued at approximately $1,566,235.48. This represents a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 138,758 shares of company stock valued at $85,834. Corporate insiders own 40.16% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. 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. Wells Fargo & Company MN grew its stake in FiscalNote by 58.0% during the 4th 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. Wolverine Trading LLC grew its stake in FiscalNote by 95.1% during the 4th quarter. Wolverine Trading LLC now owns 34,137 shares of the company's stock worth $39,000 after buying an additional 16,637 shares during the last quarter. NewEdge Advisors LLC grew its stake in FiscalNote by 250.0% during the 4th quarter. NewEdge Advisors LLC now owns 35,000 shares of the company's stock worth $37,000 after buying an additional 25,000 shares during the last quarter. Finally, Mariner LLC grew its stake in FiscalNote by 85.3% during 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 last quarter. Hedge funds and other institutional investors own 54.31% of the company's stock.

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.