FiscalNote (NYSE:NOTE) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• FiscalNote's stock price has fallen below its 200-day moving average, trading as low as $4.42 and last priced at $4.57.
• Analysts have mixed ratings, with Wall Street Zen downgrading the stock to a "sell" while D. Boral Capital maintains a "buy" rating with a target of $45.00.
• The company reported a loss of ($0.96) earnings per share for the last quarter, beating expectations, and has a negative net margin of 41.79%.

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.22 and traded as low as $4.42. FiscalNote shares last traded at $4.57, with a volume of 377,507 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. D. Boral Capital reissued a "buy" rating and issued a $45.00 target price on shares of FiscalNote in a report on Tuesday, August 12th. Wall Street Zen cut FiscalNote from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $29.25.

FiscalNote Price Performance

The company has a 50 day moving average price of $6.51 and a 200 day moving average price of $7.87. The company has a market capitalization of $64.89 million, a price-to-earnings ratio of -1.18 and a beta of 0.57. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.23.

FiscalNote (NYSE:NOTE - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.96) EPS for the quarter, beating the consensus estimate of ($1.08) by $0.12. The company had revenue of $23.26 million during the quarter, compared to analysts' expectations of $22.83 million. FiscalNote had a negative return on equity of 61.31% and a negative net margin of 41.79%. FiscalNote has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts forecast that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current year.

Insider Activity

In other news, Director Tim Hwang sold 4,679 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $6.96, for a total value of $32,565.84. Following the transaction, the director directly owned 225,033 shares in the company, valued at $1,566,229.68. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 37.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northern Trust Corp boosted its position in shares of FiscalNote by 7.9% in the 4th quarter. Northern Trust Corp now owns 564,004 shares of the company's stock worth $603,000 after purchasing an additional 41,137 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of FiscalNote by 26.9% in the 1st quarter. Bank of New York Mellon Corp now owns 143,153 shares of the company's stock worth $116,000 after purchasing an additional 30,362 shares during the last quarter. XTX Topco Ltd boosted its position in shares of FiscalNote by 338.3% in the 1st quarter. XTX Topco Ltd now owns 71,219 shares of the company's stock worth $58,000 after purchasing an additional 54,970 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of FiscalNote in the 4th quarter worth $87,000. Finally, Deutsche Bank AG boosted its position in shares of FiscalNote by 425.0% in the 4th quarter. Deutsche Bank AG now owns 139,997 shares of the company's stock worth $150,000 after purchasing an additional 113,333 shares during the last quarter. 54.31% of the stock is currently owned by 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.