FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.61 and traded as low as $0.54. FiscalNote shares last traded at $0.63, with a volume of 5,876,631 shares.
Wall Street Analysts Forecast Growth
NOTE has been the subject of a number of research reports. LADENBURG THALM/SH SH started coverage on shares of FiscalNote in a report on Thursday, May 1st. They set a "buy" rating and a $2.50 target price for the company. B. Riley reduced their price objective on FiscalNote from $1.75 to $1.50 and set a "buy" rating for the company in a research note on Friday, March 14th. Wall Street Zen upgraded FiscalNote from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Roth Mkm cut their price target on FiscalNote from $3.00 to $2.00 and set a "buy" rating for the company in a report on Friday, March 14th. Finally, D. Boral Capital reiterated a "buy" rating and set a $3.75 price objective on shares of FiscalNote in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $2.63.
Check Out Our Latest Analysis on NOTE
FiscalNote Stock Up 5.7%
The firm has a market capitalization of $118.67 million, a PE ratio of -2.27 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.28 and a quick ratio of 1.28. The company has a 50-day moving average price of $0.61 and a 200 day moving average price of $0.94.
FiscalNote (NYSE:NOTE - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $27.51 million during the quarter, compared to the consensus estimate of $26.43 million. FiscalNote had a negative return on equity of 59.01% and a negative net margin of 39.19%. Analysts forecast 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 40,998 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $0.64, for a total transaction of $26,238.72. Following the completion of the transaction, the director owned 2,793,762 shares of the company's stock, valued at $1,788,007.68. This represents a 1.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 126,712 shares of company stock worth $81,474 over the last three months. Company insiders own 40.16% of the company's stock.
Institutional Investors Weigh In On FiscalNote
Several large investors have recently made changes to their positions in the company. Kennedy Capital Management LLC boosted its stake in FiscalNote by 154.9% during the fourth quarter. Kennedy Capital Management LLC now owns 2,272,722 shares of the company's stock valued at $2,432,000 after buying an additional 1,381,166 shares during the last quarter. Geode Capital Management LLC raised its position in shares of FiscalNote by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 1,576,432 shares of the company's stock valued at $1,687,000 after buying an additional 25,501 shares in the last quarter. Focus Partners Wealth raised its position in shares of FiscalNote by 830.9% during 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in FiscalNote by 17.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 670,060 shares of the company's stock worth $541,000 after acquiring an additional 99,115 shares in the last quarter. Finally, Northern Trust Corp increased its stake in FiscalNote by 7.9% during the fourth quarter. Northern Trust Corp now owns 564,004 shares of the company's stock worth $603,000 after acquiring an additional 41,137 shares during the last quarter. 54.31% of the stock is owned by institutional investors.
About FiscalNote
(
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.
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