Analysts Set FiscalNote Holdings, Inc. (NYSE:NOTE) Target Price at $2.63

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) have been given a consensus rating of "Buy" by the seven analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $2.63.

A number of analysts recently weighed in on the stock. D. Boral Capital restated a "buy" rating and set a $3.75 target price on shares of FiscalNote in a report on Tuesday, May 13th. Wall Street Zen upgraded shares of FiscalNote from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. LADENBURG THALM/SH SH started coverage on shares of FiscalNote in a report on Thursday, May 1st. They set a "buy" rating and a $2.50 price target on the stock. Roth Mkm cut their price target on shares of FiscalNote from $3.00 to $2.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Finally, B. Riley lowered their target price on shares of FiscalNote from $1.75 to $1.50 and set a "buy" rating on the stock in a research note on Friday, March 14th.

FiscalNote Stock Performance

NYSE NOTE traded down $0.05 on Friday, hitting $0.50. The stock had a trading volume of 3,016,828 shares, compared to its average volume of 1,726,368. The company's 50-day moving average is $0.62 and its two-hundred day moving average is $0.97. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.20. The stock has a market cap of $79.43 million, a price-to-earnings ratio of -1.52 and a beta of 0.61. FiscalNote has a one year low of $0.48 and a one year high of $2.07.

FiscalNote (NYSE:NOTE - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The company had revenue of $27.51 million during the quarter, compared to the consensus estimate of $26.43 million. FiscalNote had a negative net margin of 39.19% and a negative return on equity of 59.01%. On average, analysts expect that FiscalNote will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Tim Hwang sold 40,998 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $0.64, for a total transaction of $26,238.72. Following the completion of the sale, the director now directly owns 2,793,762 shares of the company's stock, valued at $1,788,007.68. The trade was a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders sold 128,066 shares of company stock valued at $83,511. Insiders own 41.75% of the company's stock.

Institutional Investors Weigh In On FiscalNote

A number of institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its stake in shares of FiscalNote by 27.0% during 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 last quarter. Wells Fargo & Company MN grew its holdings in FiscalNote by 58.0% during the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company's stock valued at $31,000 after purchasing an additional 10,765 shares during the period. Barclays PLC grew its holdings in FiscalNote by 15.1% during the fourth quarter. Barclays PLC now owns 99,341 shares of the company's stock valued at $106,000 after purchasing an additional 13,055 shares during the period. Mariner LLC grew its holdings in FiscalNote by 85.3% during the fourth quarter. Mariner LLC now owns 35,662 shares of the company's stock valued at $38,000 after purchasing an additional 16,418 shares during the period. Finally, Wolverine Trading LLC grew its holdings in FiscalNote by 95.1% during the fourth quarter. Wolverine Trading LLC now owns 34,137 shares of the company's stock valued at $39,000 after purchasing an additional 16,637 shares during the period. 54.31% of the stock is 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.