FiscalNote (NYSE:NOTE) Coverage Initiated by Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH initiated coverage on shares of FiscalNote (NYSE:NOTE - Free Report) in a report published on Thursday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $2.50 price target on the stock.

A number of other brokerages have also weighed in on NOTE. B. Riley reduced their price objective on shares of FiscalNote from $1.75 to $1.50 and set a "buy" rating on the stock in a report on Friday, March 14th. Roth Mkm cut their price target on FiscalNote from $3.00 to $2.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Finally, D. Boral Capital reaffirmed a "buy" rating and set a $3.75 price objective on shares of FiscalNote in a research report on Monday, March 17th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $2.63.

FiscalNote Stock Down 4.6 %

NYSE:NOTE traded down $0.03 during midday trading on Thursday, reaching $0.60. The company had a trading volume of 437,891 shares, compared to its average volume of 1,562,502. FiscalNote has a 12-month low of $0.56 and a 12-month high of $2.07. The firm has a market capitalization of $97.50 million, a price-to-earnings ratio of -2.75 and a beta of 0.62. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44. The stock's fifty day simple moving average is $0.83 and its 200-day simple moving average is $1.04.

FiscalNote (NYSE:NOTE - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). The business had revenue of $29.47 billion during the quarter, compared to analysts' expectations of $29.02 million. FiscalNote had a negative return on equity of 88.72% and a negative net margin of 22.27%. On average, sell-side analysts anticipate that FiscalNote will post -0.43 earnings per share for the current fiscal year.

Insider Activity at FiscalNote

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of FiscalNote stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $1.13, for a total value 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. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 124,825 shares of company stock worth $107,906 in the last 90 days. 41.75% of the stock is owned by insiders.

Institutional Investors Weigh In On FiscalNote

Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake in shares of FiscalNote by 26.9% in the 1st quarter. Bank of New York Mellon Corp now owns 143,153 shares of the company's stock worth $116,000 after acquiring an additional 30,362 shares during the period. Wolverine Trading LLC boosted its holdings in 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 in the last quarter. Squarepoint Ops LLC acquired a new position in FiscalNote during the 4th quarter worth approximately $87,000. Deutsche Bank AG lifted its holdings in shares of FiscalNote by 425.0% in the 4th quarter. Deutsche Bank AG now owns 139,997 shares of the company's stock valued at $150,000 after buying an additional 113,333 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of FiscalNote by 51.5% in the fourth quarter. Bank of America Corp DE now owns 49,042 shares of the company's stock valued at $52,000 after buying an additional 16,675 shares in the last quarter. 54.31% of the stock is 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.