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

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.

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE - Free Report) are set to reverse split on the morning of 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 closing bell on Friday, August 29th.

FiscalNote Stock Down 15.6%

Shares of NYSE NOTE traded down $0.0803 during midday trading on Monday, reaching $0.4340. 9,744,222 shares of the company's stock were exchanged, compared to its average volume of 2,893,231. FiscalNote has a 52-week low of $0.4110 and a 52-week high of $2.03. The stock has a market capitalization of $68.67 million, a PE ratio of -1.36 and a beta of 0.59. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.25. The business's fifty day moving average price is $0.62 and its two-hundred day moving average price is $0.79.

FiscalNote (NYSE:NOTE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. FiscalNote had a negative net margin of 41.79% and a negative return on equity of 61.31%. The business had revenue of $23.26 million for the quarter, compared to analysts' expectations of $22.83 million. FiscalNote has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts forecast that FiscalNote will post -0.43 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wall Street Zen lowered FiscalNote from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. D. Boral Capital restated a "buy" rating and issued a $3.75 price target on shares of FiscalNote in a research report on Tuesday, August 12th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of FiscalNote in a research report on Thursday, May 1st. They issued a "buy" rating and a $2.50 price target for the company. One investment 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, FiscalNote has a consensus rating of "Buy" and a consensus price target of $2.44.

Insider Buying and Selling at FiscalNote

In other news, Director Tim Hwang sold 56,155 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $0.58, for a total value of $32,569.90. Following the completion of the transaction, the director owned 2,700,406 shares in the company, valued at $1,566,235.48. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 138,230 shares of company stock valued at $85,470 in the last ninety days. 37.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FiscalNote

A number of institutional investors have recently bought and sold shares of NOTE. Envestnet Asset Management Inc. increased its holdings in shares of FiscalNote by 27.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company's stock worth $31,000 after buying an additional 6,090 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in FiscalNote by 58.0% in the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company's stock valued at $31,000 after acquiring an additional 10,765 shares during the last quarter. Barclays PLC boosted its holdings in FiscalNote by 15.1% in the fourth quarter. Barclays PLC now owns 99,341 shares of the company's stock valued at $106,000 after acquiring an additional 13,055 shares during the last quarter. Mariner LLC boosted its holdings in FiscalNote by 85.3% in the fourth quarter. Mariner LLC now owns 35,662 shares of the company's stock valued at $38,000 after acquiring an additional 16,418 shares during the last quarter. Finally, Wolverine Trading LLC boosted its holdings in FiscalNote by 95.1% in the fourth quarter. Wolverine Trading LLC now owns 34,137 shares of the company's stock valued at $39,000 after acquiring an additional 16,637 shares during the last quarter. Institutional investors and hedge funds 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.

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