FiscalNote Stock to Reverse Split on Tuesday, September 2nd (NYSE:NOTE)

Key Points

• FiscalNote Holdings, Inc. will execute a 1-12 reverse stock split on September 2nd, with adjustments to shares owned by shareholders occurring on August 29th.
• The company's stock recently dropped 15.6%, with current trading at $0.4340 and a market cap of $68.67 million.
• FiscalNote's quarterly earnings showed a slight improvement with EPS of ($0.08), beating expectations, while analysts have differing ratings, ranging from "sell" to a price target of $3.75.

FiscalNote Holdings, Inc. (NYSE:NOTE - Free Report) shares are scheduled to reverse split before the market opens on Tuesday, September 2nd. The 1-12 reverse split was announced on Friday, August 22nd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, August 29th.

FiscalNote Trading Up 1.2%

Shares of FiscalNote stock traded up $0.01 on Friday, reaching $0.43. The company had a trading volume of 2,131,663 shares, compared to its average volume of 2,972,322. The firm's 50 day moving average price is $7.28 and its two-hundred day moving average price is $9.00. The firm has a market cap of $73.36 million, a PE ratio of -1.33 and a beta of 0.59. FiscalNote has a 52-week low of $0.40 and a 52-week high of $2.03. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.25.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of FiscalNote from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. D. Boral Capital reissued a "buy" rating and set a $45.00 price objective on shares of FiscalNote in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $29.25.

Insider Activity

In other news, Director Tim Hwang sold 4,679 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $6.96, for a total transaction of $32,565.84. Following the transaction, the director directly owned 225,033 shares in the company, valued at approximately $1,566,229.68. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 11,518 shares of company stock worth $85,461 in the last 90 days. Company insiders own 37.20% of the company's stock.

Institutional Investors Weigh In On FiscalNote

Several hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN raised its position in 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 in the last quarter. Envestnet Asset Management Inc. raised its position in FiscalNote by 27.0% in the fourth 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 in the last quarter. Barclays PLC raised its position in FiscalNote by 15.1% in the fourth quarter. Barclays PLC now owns 99,341 shares of the company's stock worth $106,000 after acquiring an additional 13,055 shares in the last quarter. Mariner LLC raised its position in FiscalNote by 85.3% in the fourth quarter. Mariner LLC now owns 35,662 shares of the company's stock worth $38,000 after acquiring an additional 16,418 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in FiscalNote by 250.0% in the fourth quarter. NewEdge Advisors LLC now owns 35,000 shares of the company's stock worth $37,000 after acquiring an additional 25,000 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.