FiscalNote (NYSE:NOTE) Share Price Passes Above Fifty Day Moving Average of $1.31

FiscalNote Holdings, Inc. (NYSE:NOTE)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.31 and traded as high as $1.44. FiscalNote shares last traded at $1.36, with a volume of 536,544 shares.

Wall Street Analyst Weigh In

NOTE has been the topic of a number of recent analyst reports. DA Davidson boosted their price target on shares of FiscalNote from $0.65 to $1.75 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. B. Riley boosted their price target on shares of FiscalNote from $1.75 to $2.25 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.44.

FiscalNote Trading Down 2.9 %

The stock has a market cap of $182.76 million, a PE ratio of -3.78 and a beta of 0.41. The business’s fifty day moving average is $1.31 and its 200 day moving average is $1.33. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.44.

FiscalNote (NYSE:NOTE) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The firm had revenue of $32.11 million for the quarter, compared to the consensus estimate of $30.89 million. FiscalNote had a negative net margin of 48.89% and a negative return on equity of 141.98%. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. As a group, analysts predict that FiscalNote Holdings, Inc. will post -0.47 earnings per share for the current year.

Insider Buying and Selling at FiscalNote

In other FiscalNote news, CEO Tim Hwang sold 31,431 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $1.19, for a total value of $37,402.89. Following the sale, the chief executive officer now owns 2,777,568 shares of the company’s stock, valued at $3,305,305.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 53,929 shares of company stock valued at $65,580 over the last quarter. Corporate insiders own 47.59% of the company’s stock.

Institutional Trading of FiscalNote

Several institutional investors and hedge funds have recently modified their holdings of NOTE. Vanguard Group Inc. lifted its stake in shares of FiscalNote by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock valued at $5,529,000 after buying an additional 12,853 shares during the period. Natixis purchased a new position in shares of FiscalNote during the first quarter valued at approximately $40,000. International Assets Investment Management LLC lifted its stake in shares of FiscalNote by 51.5% during the first quarter. International Assets Investment Management LLC now owns 109,200 shares of the company’s stock valued at $136,000 after buying an additional 37,100 shares during the period. Finally, PFG Investments LLC purchased a new position in shares of FiscalNote during the first quarter valued at approximately $61,000. Hedge funds and other institutional investors own 54.31% of the company’s stock.

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.