FiscalNote Holdings, Inc. (NYSE:NOTE) Receives $2.63 Average Target Price from Analysts

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) have earned an average rating of "Buy" from the seven brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $2.63.

A number of analysts recently issued reports on the company. LADENBURG THALM/SH SH began coverage on FiscalNote in a report on Thursday, May 1st. They set a "buy" rating and a $2.50 price objective on the stock. D. Boral Capital restated a "buy" rating and set a $3.75 target price on shares of FiscalNote in a research report on Monday, March 17th. Roth Mkm dropped their target price on shares of FiscalNote from $3.00 to $2.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Finally, B. Riley reduced their target price on FiscalNote from $1.75 to $1.50 and set a "buy" rating on the stock in a research note on Friday, March 14th.

FiscalNote Price Performance

Shares of FiscalNote stock traded up $0.02 during trading on Friday, reaching $0.66. 374,739 shares of the company's stock were exchanged, compared to its average volume of 1,565,482. The company has a market cap of $105.73 million, a P/E ratio of -2.98 and a beta of 0.62. The firm's 50-day moving average price is $0.81 and its 200 day moving average price is $1.03. 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 1-year low of $0.56 and a 1-year high of $2.07.

FiscalNote (NYSE:NOTE - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported ($0.10) earnings per share for the quarter, hitting 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 net margin of 22.27% and a negative return on equity of 88.72%. As a group, research analysts anticipate that FiscalNote will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $1.13, for a total value of $57,784.81. Following the completion of the sale, the director now 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 124,825 shares of company stock worth $107,906. 41.75% of the stock is owned by insiders.

Institutional Investors Weigh In On FiscalNote

A number of institutional investors have recently modified their holdings of NOTE. XTX Topco Ltd increased its holdings in shares of FiscalNote by 338.3% during the 1st quarter. XTX Topco Ltd now owns 71,219 shares of the company's stock worth $58,000 after buying an additional 54,970 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of FiscalNote by 26.9% during the first quarter. Bank of New York Mellon Corp now owns 143,153 shares of the company's stock worth $116,000 after purchasing an additional 30,362 shares in the last quarter. Wolverine Trading LLC grew its position in shares of FiscalNote by 95.1% in the 4th quarter. Wolverine Trading LLC now owns 34,137 shares of the company's stock valued at $39,000 after buying an additional 16,637 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in FiscalNote in the 4th quarter valued at $87,000. Finally, Deutsche Bank AG raised its stake in shares of FiscalNote by 425.0% during the fourth quarter. Deutsche Bank AG now owns 139,997 shares of the company's stock worth $150,000 after purchasing an additional 113,333 shares during the last quarter. 54.31% of the stock is currently owned by institutional investors and hedge funds.

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.