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

Key Points

• FiscalNote Holdings, Inc. (NYSE:NOTE) has been given an average consensus recommendation of "Buy" by five brokerages, with a 12-month target price averaging $29.25.
• In recent trading, shares of FiscalNote opened at $3.99 and have seen a significant range over the year, with a 52-week low of $3.83 and a high of $24.36.
• FiscalNote reported earnings with a loss of ($0.96) EPS, surpassing expectations, and revenue of $23.26 million for the quarter, exceeding analyst forecasts.

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) has received a consensus recommendation of "Buy" from the five analysts that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $29.25.

A number of equities analysts recently issued reports on the stock. D. Boral Capital reissued a "buy" rating and issued a $45.00 price objective on shares of FiscalNote in a report on Tuesday, August 12th. Wall Street Zen downgraded shares of FiscalNote from a "hold" rating to a "sell" rating in a report on Saturday, August 9th.

Insider Activity

In related news, Director Tim Hwang sold 4,679 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $6.96, for a total value of $32,565.84. Following the transaction, the director owned 225,033 shares of the company's stock, valued at approximately $1,566,229.68. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 37.20% of the company's stock.

Hedge Funds Weigh In On FiscalNote

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake 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 acquiring an additional 6,090 shares during the period. Wells Fargo & Company MN raised 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 acquiring an additional 10,765 shares during the period. Wolverine Trading LLC raised 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 acquiring an additional 16,637 shares during the period. Mariner LLC raised 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 acquiring an additional 16,418 shares during the period. Finally, Bank of America Corp DE raised its stake in FiscalNote by 51.5% during the 4th quarter. Bank of America Corp DE now owns 49,042 shares of the company's stock worth $52,000 after acquiring an additional 16,675 shares during the period. Hedge funds and other institutional investors own 54.31% of the company's stock.

FiscalNote Stock Performance

Shares of NYSE NOTE traded up $0.33 during trading on Friday, reaching $4.42. 351,088 shares of the company traded hands, compared to its average volume of 248,116. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $63.38 million, a PE ratio of -1.15 and a beta of 0.57. The firm has a 50 day simple moving average of $7.09 and a 200-day simple moving average of $8.51. FiscalNote has a 52-week low of $3.80 and a 52-week high of $24.36.

FiscalNote (NYSE:NOTE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.96) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.08) by $0.12. The company had revenue of $23.26 million for the quarter, compared to the consensus estimate of $22.83 million. FiscalNote had a negative net margin of 41.79% and a negative return on equity of 61.31%. FiscalNote has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities 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.