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

Key Points

• FiscalNote Holdings, Inc. has received an average recommendation of "Buy" from five brokerages, with an average target price of $29.25.
• Despite a consensus of positive recommendations, Director Tim Hwang sold 4,679 shares at $6.96 per share, indicating a decrease in their position of 2.04%.
• FiscalNote's stock recently opened at $4.68 and reported a negative net margin of 41.79% with a revenue of $23.26 million for the recent quarter.

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) have earned a consensus rating of "Buy" from the five brokerages that are currently covering the stock, MarketBeat Ratings 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 covered the stock in the last year is $29.25.

NOTE has been the subject of a number of recent 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 cut shares of FiscalNote from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th.

Insider Buying and Selling

In related news, Director Tim Hwang sold 4,679 shares of FiscalNote 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 completion of the sale, the director directly owned 225,033 shares in the company, valued at $1,566,229.68. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 36.70% of the stock is owned by company insiders.

Institutional Trading of FiscalNote

Several institutional investors and hedge funds have recently bought and sold shares of NOTE. R Squared Ltd acquired a new stake in FiscalNote during the 2nd quarter valued at approximately $27,000. Wolverine Trading LLC lifted its stake in FiscalNote by 95.1% during the 4th 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. Jefferies Financial Group Inc. acquired a new stake in FiscalNote during the 1st quarter valued at approximately $40,000. Bank of America Corp DE lifted 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 valued at $52,000 after acquiring an additional 16,675 shares during the period. Finally, XTX Topco Ltd lifted its stake in shares of FiscalNote by 338.3% in the 1st quarter. XTX Topco Ltd now owns 71,219 shares of the company's stock valued at $58,000 after purchasing an additional 54,970 shares during the period. 54.31% of the stock is currently owned by institutional investors and hedge funds.

FiscalNote Stock Up 2.7%

Shares of FiscalNote stock opened at $4.68 on Tuesday. The firm's 50 day moving average price is $6.03 and its 200-day moving average price is $7.47. 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 has a 52-week low of $3.80 and a 52-week high of $24.36. The company has a market cap of $67.04 million, a P/E ratio of -1.22 and a beta of 0.57.

FiscalNote (NYSE:NOTE - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.96) EPS for the quarter, topping analysts' consensus estimates of ($1.08) by $0.12. The company had revenue of $23.26 million during the quarter, compared to analysts' expectations 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. On average, sell-side analysts predict that FiscalNote will post -0.43 EPS for the current fiscal year.

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.

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