Brokerages Set FiscalNote Holdings, Inc. (NYSE:NOTE) PT at $29.25

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.

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) have earned an average recommendation of "Buy" from the five research firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $29.25.

NOTE has been the topic of a number of research analyst reports. D. Boral Capital reiterated a "buy" rating and issued a $45.00 target price on shares of FiscalNote in a research note on Tuesday, August 12th. Wall Street Zen downgraded FiscalNote from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th.

FiscalNote Stock Up 13.6%

Shares of NOTE traded up $0.64 during mid-day trading on Friday, hitting $5.37. 262,588 shares of the company's stock were exchanged, compared to its average volume of 248,281. The firm has a fifty day moving average of $7.06 and a two-hundred day moving average of $8.41. FiscalNote has a twelve month low of $3.80 and a twelve month high of $24.36. The stock has a market cap of $77.03 million, a price-to-earnings ratio of -1.39 and a beta of 0.57. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.23.

FiscalNote (NYSE:NOTE - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.96) EPS for the quarter, topping the consensus estimate of ($1.08) by $0.12. FiscalNote had a negative net margin of 41.79% and a negative return on equity of 61.31%. The company had revenue of $23.26 million for the quarter, compared to analyst estimates of $22.83 million. FiscalNote has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts forecast that FiscalNote will post -0.43 earnings per share for the current year.

Insider Activity

In other news, Director Tim Hwang sold 4,679 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $6.96, for a total value of $32,565.84. Following the sale, the director directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 37.20% of the company's stock.

Institutional Trading of FiscalNote

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in FiscalNote by 27.0% in the 4th 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 last quarter. Wells Fargo & Company MN grew 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 worth $31,000 after purchasing an additional 10,765 shares during the last quarter. Wolverine Trading LLC grew its position in FiscalNote by 95.1% in the 4th quarter. Wolverine Trading LLC now owns 34,137 shares of the company's stock worth $39,000 after purchasing an additional 16,637 shares during the last quarter. Mariner LLC grew its position 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 purchasing an additional 16,418 shares during the last quarter. Finally, Bank of America Corp DE grew its position in FiscalNote by 51.5% in the 4th quarter. Bank of America Corp DE now owns 49,042 shares of the company's stock worth $52,000 after purchasing an additional 16,675 shares during the last quarter. 54.31% of the stock is currently owned by institutional investors and hedge funds.

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.