FiscalNote Holdings, Inc. (NYSE:NOTE) Receives Consensus Rating of "Buy" from Analysts

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) has been assigned an average recommendation of "Buy" from the seven analysts that are currently covering the company, MarketBeat reports. One 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 1-year target price among brokers that have issued ratings on the stock in the last year is $2.63.

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

FiscalNote Stock Performance

Shares of NYSE NOTE traded down $0.00 during trading on Friday, reaching $0.62. 703,261 shares of the company traded hands, compared to its average volume of 1,564,190. 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. The stock has a market cap of $100.73 million, a P/E ratio of -2.84 and a beta of 0.62. The firm's fifty day simple moving average is $0.82 and its 200 day simple moving average is $1.04.

FiscalNote (NYSE:NOTE - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.10). The company had revenue of $29.47 billion during the quarter, compared to the consensus estimate of $29.02 million. FiscalNote had a negative return on equity of 88.72% and a negative net margin of 22.27%. As a group, research analysts anticipate that FiscalNote will post -0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Tim Hwang sold 51,137 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $1.13, for a total value of $57,784.81. Following the sale, the director now owns 2,655,992 shares in the company, valued at approximately $3,001,270.96. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 124,825 shares of company stock valued at $107,906 over the last quarter. 41.75% of the stock is owned by insiders.

Hedge Funds Weigh In On FiscalNote

Several institutional investors have recently bought and sold shares of NOTE. SG Americas Securities LLC lifted its position in shares of FiscalNote by 83.2% during 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. Envestnet Asset Management Inc. lifted its holdings in FiscalNote by 27.0% during the 4th 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 in the last quarter. Wells Fargo & Company MN boosted its position in FiscalNote by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 29,315 shares of the company's stock valued at $31,000 after buying an additional 10,765 shares during the period. NewEdge Advisors LLC grew its stake in shares of FiscalNote by 250.0% in 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 in the last quarter. Finally, Mariner LLC increased its position in shares of FiscalNote by 85.3% during the fourth quarter. Mariner LLC now owns 35,662 shares of the company's stock worth $38,000 after acquiring an additional 16,418 shares during the period. 54.31% of the stock is 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.