FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) 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
NOTE has been the subject of a number of research reports. Roth Mkm lowered their target price on FiscalNote from $3.00 to $2.00 and set a "buy" rating for the company in a research note on Friday, March 14th. B. Riley lowered their target price on FiscalNote from $1.75 to $1.50 and set a "buy" rating for the company in a research note on Friday, March 14th. LADENBURG THALM/SH SH initiated coverage on FiscalNote in a research note on Thursday, May 1st. They set a "buy" rating and a $2.50 target price for the company. D. Boral Capital reissued a "buy" rating and set a $3.75 target price on shares of FiscalNote in a research note on Tuesday, May 13th. Finally, Wall Street Zen raised FiscalNote from a "sell" rating to a "hold" rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2.63.
Check Out Our Latest Analysis on FiscalNote
FiscalNote Trading Down 0.2%
The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 0.81. The business has a 50-day simple moving average of $0.72 and a two-hundred day simple moving average of $1.01. The stock has a market cap of $103.81 million, a price-to-earnings ratio of -2.92 and a beta of 0.62.
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 analysts' consensus estimates of ($0.10) by ($0.02). FiscalNote had a negative return on equity of 88.72% and a negative net margin of 22.27%. The firm had revenue of $27.51 million for the quarter, compared to analyst estimates of $26.43 million. As a group, research analysts forecast that FiscalNote Holdings, Inc. will post -0.43 EPS for the current year.
Insiders Place Their Bets
In other news, Director Tim Hwang sold 51,137 shares of the 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 completion of the sale, the director now owns 2,655,992 shares of the company's stock, valued at approximately $3,001,270.96. This represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 134,329 shares of company stock valued at $112,576 in the last quarter. 40.16% of the stock is currently owned by insiders.
Institutional Investors Weigh In On FiscalNote
Several large investors have recently made changes to their positions in the stock. Focus Partners Wealth boosted 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 valued at $647,000 after buying an additional 714,091 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of FiscalNote by 8.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company's stock valued at $384,000 after buying an additional 35,984 shares during the last quarter. Nuveen LLC bought a new stake in FiscalNote in the 1st quarter valued at $147,000. Charles Schwab Investment Management Inc. raised its stake in FiscalNote by 17.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 670,060 shares of the company's stock valued at $541,000 after acquiring an additional 99,115 shares during the period. Finally, Citizens Financial Group Inc. RI bought a new stake in FiscalNote in the 1st quarter valued at $154,000. Institutional investors and hedge funds own 54.31% of the company's stock.
FiscalNote Company Profile
(
Get Free Report)
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.
Further Reading
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