FiscalNote (NYSE:NOTE) Reaches New 1-Year Low - Here's Why

Key Points

• FiscalNote's stock reached a new 52-week low at $4.57, significantly dropping from a previous close of $5.10, with analysts note a downgraded rating from "hold" to "sell."
• The company reported a quarterly earnings per share of ($0.96), which beats the consensus estimate, alongside a revenue of $23.26 million exceeding projections.
• Insider activity included a sale of shares by Director Tim Hwang, where he sold 4,679 shares for over $32,565, and institutional investors collectively hold 54.31% of the company’s stock.

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $4.57 and last traded at $4.98, with a volume of 61578 shares. The stock had previously closed at $5.10.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NOTE. Wall Street Zen cut shares of FiscalNote from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. D. Boral Capital reiterated a "buy" rating and issued a $45.00 price target on shares of FiscalNote in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, FiscalNote presently has a consensus rating of "Buy" and a consensus price target of $29.25.

FiscalNote Stock Up 2.0%

The firm has a market capitalization of $58.48 million, a price-to-earnings ratio of -1.06 and a beta of 0.57. The stock has a fifty day moving average of $7.12 and a two-hundred day moving average of $8.70. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.25 and a quick ratio of 1.25.

FiscalNote (NYSE:NOTE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.96) EPS for the quarter, beating analysts' consensus estimates of ($1.08) by $0.12. FiscalNote had a negative net margin of 41.79% and a negative return on equity of 61.31%. The company had revenue of $23.26 million for the quarter, compared to analyst estimates of $22.83 million. FiscalNote has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts anticipate that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Tim Hwang sold 4,679 shares of FiscalNote stock in a transaction 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 owned 225,033 shares in the company, valued at $1,566,229.68. The trade was a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 37.20% of the company's stock.

Institutional Trading of FiscalNote

Hedge funds have recently modified their holdings of the stock. Focus Partners Wealth lifted its holdings in shares of FiscalNote by 830.9% in the 1st quarter. Focus Partners Wealth now owns 800,033 shares of the company's stock worth $647,000 after purchasing an additional 714,091 shares in the last quarter. Marshall Wace LLP bought a new position in FiscalNote in the 2nd quarter valued at about $232,000. Citizens Financial Group Inc. RI lifted its position in FiscalNote by 147.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 470,000 shares of the company's stock valued at $252,000 after acquiring an additional 280,000 shares in the last quarter. NewEdge Advisors LLC lifted its position in FiscalNote by 617.6% in the 2nd quarter. NewEdge Advisors LLC now owns 268,094 shares of the company's stock valued at $144,000 after acquiring an additional 230,733 shares in the last quarter. Finally, Nuveen LLC bought a new stake in FiscalNote during the first quarter worth $147,000. Institutional investors own 54.31% of the company's stock.

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.