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

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) has earned an average recommendation of "Buy" from the seven analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $2.63.

NOTE has been the subject of a number of recent analyst reports. B. Riley dropped their price target on FiscalNote from $1.75 to $1.50 and set a "buy" rating for the company in a report on Friday, March 14th. LADENBURG THALM/SH SH initiated coverage on FiscalNote in a report on Thursday, May 1st. They set a "buy" rating and a $2.50 price target for the company. Roth Mkm dropped their price target on FiscalNote from $3.00 to $2.00 and set a "buy" rating for the company in a report on Friday, March 14th. D. Boral Capital reaffirmed a "buy" rating and set a $3.75 price target on shares of FiscalNote in a 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.

Insiders Place Their Bets

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of FiscalNote stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $1.13, for a total transaction of $57,784.81. Following the transaction, the director now directly owns 2,655,992 shares in the company, valued at approximately $3,001,270.96. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 134,329 shares of company stock worth $112,576. Corporate insiders own 40.16% of the company's stock.

Institutional Trading of FiscalNote

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of FiscalNote by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 1,576,432 shares of the company's stock valued at $1,687,000 after purchasing an additional 25,501 shares in the last quarter. Mariner LLC raised its holdings in FiscalNote by 85.3% during the fourth quarter. Mariner LLC now owns 35,662 shares of the company's stock worth $38,000 after acquiring an additional 16,418 shares in the last quarter. Northern Trust Corp raised its holdings in FiscalNote by 7.9% during the fourth quarter. Northern Trust Corp now owns 564,004 shares of the company's stock worth $603,000 after acquiring an additional 41,137 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in FiscalNote by 154.9% during the fourth quarter. Kennedy Capital Management LLC now owns 2,272,722 shares of the company's stock worth $2,432,000 after acquiring an additional 1,381,166 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in FiscalNote by 255.6% during the fourth quarter. LPL Financial LLC now owns 104,348 shares of the company's stock worth $112,000 after acquiring an additional 75,000 shares in the last quarter. 54.31% of the stock is currently owned by institutional investors.

FiscalNote Price Performance

Shares of NOTE traded down $0.01 during mid-day trading on Wednesday, reaching $0.60. The company had a trading volume of 912,706 shares, compared to its average volume of 1,626,674. FiscalNote has a twelve month low of $0.56 and a twelve month high of $2.07. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81. The company's 50-day moving average is $0.67 and its 200-day moving average is $1.00. The company has a market capitalization of $96.85 million, a P/E ratio of -2.73 and a beta of 0.62.

FiscalNote (NYSE:NOTE - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.02). FiscalNote had a negative return on equity of 88.72% and a negative net margin of 22.27%. The company had revenue of $27.51 million during the quarter, compared to analyst estimates of $26.43 million. On average, equities analysts anticipate that FiscalNote will post -0.43 EPS 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.