FiscalNote (NYSE:NOTE) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.01 and traded as low as $0.62. FiscalNote shares last traded at $0.64, with a volume of 767,192 shares.

Analyst Ratings Changes

A number of analysts have issued reports on NOTE shares. Wall Street Zen raised shares of FiscalNote from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. B. Riley decreased their price objective on shares of FiscalNote from $1.75 to $1.50 and set a "buy" rating on the stock in a research note on Friday, March 14th. Roth Mkm reduced their target price on FiscalNote from $3.00 to $2.00 and set a "buy" rating on the stock in a report on Friday, March 14th. LADENBURG THALM/SH SH assumed coverage on FiscalNote in a report on Thursday, May 1st. They set a "buy" rating and a $2.50 price target for the company. Finally, D. Boral Capital reiterated a "buy" rating and set a $3.75 price objective on shares of FiscalNote in a research report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $2.63.

FiscalNote Price Performance

The firm has a market cap of $101.53 million, a P/E ratio of -2.86 and a beta of 0.62. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44. The business's 50 day moving average is $0.70 and its two-hundred day moving average is $1.00.

FiscalNote (NYSE:NOTE - Get Free Report) last announced its quarterly earnings data 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 net margin of 22.27% and a negative return on equity of 88.72%. The company had revenue of $27.51 million for the quarter, compared to analyst estimates of $26.43 million. As a group, analysts anticipate that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of the business's stock in a transaction 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 owns 2,655,992 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 134,329 shares of company stock valued at $112,576. Corporate insiders own 41.75% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in FiscalNote by 83.2% in the fourth quarter. SG Americas Securities LLC now owns 25,285 shares of the company's stock valued at $27,000 after purchasing an additional 11,486 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of FiscalNote by 58.0% during the 4th quarter. Wells Fargo & Company MN now owns 29,315 shares of the company's stock valued at $31,000 after buying an additional 10,765 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of FiscalNote by 27.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company's stock worth $31,000 after acquiring an additional 6,090 shares during the period. NewEdge Advisors LLC lifted its holdings in FiscalNote by 250.0% during the fourth 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 boosted its position 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 purchasing an additional 16,418 shares during the period. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

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.