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

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) have been assigned a consensus recommendation of "Buy" from the seven brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $2.63.

Several equities analysts have recently issued reports on NOTE shares. LADENBURG THALM/SH SH began coverage on FiscalNote in a research report on Thursday, May 1st. They issued a "buy" rating and a $2.50 price target for the company. Roth Mkm decreased their target price on shares of FiscalNote from $3.00 to $2.00 and set a "buy" rating for the company in a report on Friday, March 14th. B. Riley cut 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. D. Boral Capital reaffirmed a "buy" rating and issued a $3.75 target price on shares of FiscalNote in a research report on Tuesday, May 13th. Finally, Wall Street Zen raised FiscalNote from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Insider Activity

In other news, Director Tim Hwang sold 40,998 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $0.64, for a total value of $26,238.72. Following the transaction, the director now owns 2,793,762 shares of the company's stock, valued at $1,788,007.68. This trade represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 128,066 shares of company stock valued at $83,511 in the last 90 days. Company insiders own 40.16% of the company's stock.

Institutional Investors Weigh In On FiscalNote

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of 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 purchasing an additional 6,090 shares during the period. Wells Fargo & Company MN boosted 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 buying an additional 10,765 shares during the period. Barclays PLC boosted its holdings in FiscalNote by 15.1% in the 4th quarter. Barclays PLC now owns 99,341 shares of the company's stock worth $106,000 after buying an additional 13,055 shares during the period. Mariner LLC increased its stake in 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 in the last quarter. Finally, Wolverine Trading LLC raised 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 acquiring an additional 16,637 shares during the period. 54.31% of the stock is owned by hedge funds and other institutional investors.

FiscalNote Price Performance

NOTE stock traded down $0.00 during trading on Friday, reaching $0.52. The company had a trading volume of 1,706,963 shares, compared to its average volume of 1,746,722. The business has a 50 day moving average of $0.61 and a 200 day moving average of $0.96. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.28 and a quick ratio of 1.28. FiscalNote has a 52 week low of $0.48 and a 52 week high of $2.07.

FiscalNote (NYSE:NOTE - Get Free Report) last announced 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 return on equity of 59.01% and a negative net margin of 39.19%. The business had revenue of $27.51 million during the quarter, compared to analysts' expectations of $26.43 million. As a group, research analysts anticipate that FiscalNote will post -0.43 earnings per share for the current year.

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.