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

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) has been assigned an average rating of "Buy" from the five analysts that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $2.4375.

Several brokerages have issued reports on NOTE. LADENBURG THALM/SH SH began coverage on shares of FiscalNote in a research report on Thursday, May 1st. They set a "buy" rating and a $2.50 price objective for the company. D. Boral Capital restated a "buy" rating and set a $3.75 price objective on shares of FiscalNote in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of FiscalNote from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th.

Insider Buying and Selling at FiscalNote

In other news, Director Tim Hwang sold 56,155 shares of FiscalNote stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $0.58, for a total value of $32,569.90. Following the completion of the sale, the director directly owned 2,700,406 shares in the company, valued at approximately $1,566,235.48. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 138,758 shares of company stock valued at $85,834 in the last three months. 40.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FiscalNote

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in FiscalNote by 27.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company's stock valued at $31,000 after acquiring an additional 6,090 shares during the last quarter. Wells Fargo & Company MN increased its stake in FiscalNote by 58.0% in the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company's stock valued at $31,000 after acquiring an additional 10,765 shares during the last quarter. Wolverine Trading LLC increased its stake in shares of FiscalNote by 95.1% in the 4th quarter. Wolverine Trading LLC now owns 34,137 shares of the company's stock valued at $39,000 after purchasing an additional 16,637 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of FiscalNote by 250.0% in the 4th quarter. NewEdge Advisors LLC now owns 35,000 shares of the company's stock valued at $37,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Mariner LLC increased its stake in shares of FiscalNote by 85.3% in the 4th quarter. Mariner LLC now owns 35,662 shares of the company's stock valued at $38,000 after purchasing an additional 16,418 shares during the last quarter. 54.31% of the stock is currently owned by institutional investors and hedge funds.

FiscalNote Stock Performance

NYSE:NOTE traded down $0.02 during mid-day trading on Monday, hitting $0.52. The stock had a trading volume of 1,732,100 shares, compared to its average volume of 2,897,092. FiscalNote has a twelve month low of $0.48 and a twelve month high of $2.03. The stock has a market cap of $82.75 million, a price-to-earnings ratio of -1.64 and a beta of 0.59. The company's 50 day simple moving average is $0.63 and its 200 day simple moving average is $0.83. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.28 and a current ratio of 1.28.

FiscalNote (NYSE:NOTE - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $23.26 million during 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 60.80%. On average, equities research analysts forecast that FiscalNote will post -0.43 earnings per share for the current 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.