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

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) has been assigned an average rating of "Buy" from the seven ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $2.63.

Several research firms recently commented on NOTE. Wall Street Zen upgraded shares of FiscalNote from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. D. Boral Capital reissued a "buy" rating and set a $3.75 price target on shares of FiscalNote in a research report on Tuesday, May 13th. Finally, LADENBURG THALM/SH SH started coverage on FiscalNote in a research report on Thursday, May 1st. They set a "buy" rating and a $2.50 target price for the company.

Insider Buying and Selling at FiscalNote

In other news, Director Tim Hwang sold 40,998 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $0.64, for a total transaction of $26,238.72. Following the completion of the transaction, the director owned 2,793,762 shares of the company's stock, valued at approximately $1,788,007.68. The trade was a 1.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 126,221 shares of company stock valued at $81,106. Company insiders own 40.16% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in shares of FiscalNote by 58.0% in the fourth 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 last quarter. Envestnet Asset Management Inc. lifted its stake in shares of FiscalNote by 27.0% in the 4th 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. NewEdge Advisors LLC grew its position in FiscalNote by 250.0% during the 4th quarter. NewEdge Advisors LLC now owns 35,000 shares of the company's stock worth $37,000 after acquiring an additional 25,000 shares during the last quarter. Mariner LLC increased its holdings 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 in the last quarter. Finally, Wolverine Trading LLC raised its position in FiscalNote by 95.1% in the fourth 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. Institutional investors own 54.31% of the company's stock.

FiscalNote Stock Performance

NOTE traded up $0.07 on Thursday, reaching $0.72. The company had a trading volume of 2,998,419 shares, compared to its average volume of 1,910,845. The stock has a market cap of $113.65 million, a P/E ratio of -2.18 and a beta of 0.58. 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 has a fifty-two week low of $0.48 and a fifty-two week high of $2.03. The company's fifty day moving average is $0.62 and its 200 day moving average is $0.91.

FiscalNote (NYSE:NOTE - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.02). FiscalNote had a negative return on equity of 59.01% and a negative net margin of 39.19%. The firm had revenue of $27.51 million for the quarter, compared to analyst estimates of $26.43 million. As a group, analysts predict that FiscalNote will post -0.43 earnings per share for the current fiscal 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.