FiscalNote (NOTE) Expected to Announce Quarterly Earnings on Thursday

FiscalNote (NYSE:NOTE) is anticipated to issue its quarterly earnings data after the market closes on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $29.02 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

FiscalNote Trading Down 7.7 %

NYSE:NOTE opened at $1.03 on Tuesday. 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 firm has a 50-day moving average of $1.34 and a 200-day moving average of $1.17. The company has a market cap of $144.75 million, a PE ratio of -4.66 and a beta of 0.40. FiscalNote has a one year low of $0.75 and a one year high of $2.27.

Insiders Place Their Bets

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $1.13, for a total value of $57,784.81. Following the completion of the sale, the director now directly owns 2,655,992 shares of the company’s stock, valued at approximately $3,001,270.96. This represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 122,719 shares of company stock valued at $146,099. Corporate insiders own 41.75% of the company’s stock.

Institutional Investors Weigh In On FiscalNote

A hedge fund recently raised its stake in FiscalNote stock. Bank of America Corp DE boosted its position in FiscalNote Holdings, Inc. (NYSE:NOTE) by 51.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 49,042 shares of the company’s stock after purchasing an additional 16,675 shares during the period. Bank of America Corp DE’s holdings in FiscalNote were worth $52,000 as of its most recent SEC filing. 54.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NOTE. B. Riley decreased their target price on shares of FiscalNote from $2.00 to $1.75 and set a “buy” rating for the company in a research report on Wednesday, November 13th. D. Boral Capital boosted their target price on shares of FiscalNote from $3.50 to $3.75 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $2.89.

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.