FiscalNote (NOTE) to Release Quarterly Earnings on Thursday

FiscalNote (NYSE:NOTE - Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. FiscalNote has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties that are interested in participating in the company's conference call can do so using this link.

FiscalNote (NYSE:NOTE - Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.08). FiscalNote had a negative net margin of 101.78% and a negative return on equity of 121.46%. The company had revenue of $34.27 million for the quarter, compared to analyst estimates of $34.53 million. On average, analysts expect FiscalNote to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

FiscalNote Price Performance

Shares of NOTE stock traded up $0.05 during midday trading on Friday, reaching $1.40. 421,816 shares of the company traded hands, compared to its average volume of 848,597. The firm's 50 day simple moving average is $1.46 and its two-hundred day simple moving average is $1.31. FiscalNote has a 1-year low of $0.65 and a 1-year high of $4.51. The company has a debt-to-equity ratio of 5.12, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $183.41 million, a PE ratio of -1.61 and a beta of 0.43.

Insider Buying and Selling

In other FiscalNote news, CEO Tim Hwang sold 31,431 shares of FiscalNote stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $1.19, for a total value of $37,402.89. Following the completion of the sale, the chief executive officer now directly owns 2,777,568 shares of the company's stock, valued at approximately $3,305,305.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 90,493 shares of company stock worth $135,220 in the last ninety days. Insiders own 47.59% of the company's stock.

Wall Street Analyst Weigh In

NOTE has been the subject of a number of research reports. B. Riley lifted their price target on shares of FiscalNote from $1.75 to $2.25 and gave the company a "buy" rating in a research report on Wednesday, March 13th. DA Davidson lifted their price objective on FiscalNote from $0.65 to $1.75 and gave the stock a "neutral" rating in a research report on Wednesday, March 13th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $4.44.

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.