FiscalNote (NYSE:NOTE) Earns "Buy" Rating from D. Boral Capital

D. Boral Capital reiterated their buy rating on shares of FiscalNote (NYSE:NOTE - Free Report) in a research report released on Tuesday morning,Benzinga reports. D. Boral Capital currently has a $3.75 target price on the stock.

NOTE has been the topic of several other reports. LADENBURG THALM/SH SH initiated coverage on FiscalNote in a report on Thursday, May 1st. They set a "buy" rating and a $2.50 target price on the stock. B. Riley cut their target price on FiscalNote from $1.75 to $1.50 and set a "buy" rating on the stock in a report on Friday, March 14th. Finally, Roth Mkm dropped their price objective on FiscalNote from $3.00 to $2.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, FiscalNote currently has an average rating of "Buy" and a consensus target price of $2.63.

FiscalNote Stock Up 2.0%

NOTE traded up $0.01 during trading on Tuesday, reaching $0.70. 2,018,539 shares of the stock traded hands, compared to its average volume of 1,592,019. The stock has a market cap of $112.51 million, a price-to-earnings ratio of -3.17 and a beta of 0.62. FiscalNote has a fifty-two week low of $0.56 and a fifty-two week high of $2.07. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81. The stock's 50-day simple moving average is $0.75 and its two-hundred day simple moving average is $1.01.

FiscalNote (NYSE:NOTE - Get Free Report) last posted its 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). FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. The company had revenue of $27.51 million for the quarter, compared to the consensus estimate of $26.43 million. As a group, equities research analysts expect that FiscalNote will post -0.43 EPS for the current year.

Insider Activity at FiscalNote

In related news, Director Tim Hwang sold 51,137 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $1.13, for a total transaction of $57,784.81. Following the transaction, the director now directly owns 2,655,992 shares in the company, valued at $3,001,270.96. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 134,352 shares of company stock worth $113,149 over the last three months. Company insiders own 40.16% of the company's stock.

Hedge Funds Weigh In On FiscalNote

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kennedy Capital Management LLC boosted its holdings 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 purchasing an additional 1,381,166 shares in the last quarter. Geode Capital Management LLC boosted its holdings in FiscalNote by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,576,432 shares of the company's stock valued at $1,687,000 after purchasing an additional 25,501 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in FiscalNote by 17.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 670,060 shares of the company's stock valued at $541,000 after purchasing an additional 99,115 shares in the last quarter. Northern Trust Corp boosted its holdings in FiscalNote by 7.9% during the fourth quarter. Northern Trust Corp now owns 564,004 shares of the company's stock valued at $603,000 after purchasing an additional 41,137 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in FiscalNote by 8.2% during the first quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company's stock valued at $384,000 after purchasing an additional 35,984 shares in the last quarter. 54.31% of the stock is currently owned by institutional investors.

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.