Analysts Set FiscalNote Holdings, Inc. (NYSE:NOTE) Price Target at $2.83

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) have been given an average rating of “Buy” by the six brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $2.66.

Several equities research analysts have commented on the stock. B. Riley decreased their target price on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating on the stock in a research report on Friday. Roth Mkm decreased their target price on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Friday. Finally, 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.

FiscalNote Stock Performance

Shares of NOTE opened at $0.91 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $128.51 million, a P/E ratio of -4.14 and a beta of 0.40. The company’s fifty day moving average is $1.33 and its two-hundred day moving average is $1.16. FiscalNote has a 1 year low of $0.75 and a 1 year high of $2.07.

FiscalNote (NYSE:NOTE) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). The company had revenue of $29.47 billion for the quarter, compared to analysts’ expectations of $29.02 million. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. On average, sell-side analysts predict that FiscalNote will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In other FiscalNote news, Director Tim Hwang sold 56,795 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $1.22, for a total value of $69,289.90. Following the transaction, the director now directly owns 2,237,129 shares in the company, valued at approximately $2,729,297.38. This represents a 2.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 122,719 shares of company stock worth $146,099 in the last three months. Corporate insiders own 41.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in FiscalNote by 83.2% in the 4th quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock valued at $27,000 after purchasing an additional 11,486 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in FiscalNote by 27.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock valued at $31,000 after purchasing an additional 6,090 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in FiscalNote by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock valued at $31,000 after purchasing an additional 10,765 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in FiscalNote by 250.0% in the 4th quarter. NewEdge Advisors LLC now owns 35,000 shares of the company’s stock valued at $37,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Mariner LLC lifted its holdings in FiscalNote by 85.3% in the 4th quarter. Mariner LLC now owns 35,662 shares of the company’s stock valued at $38,000 after purchasing an additional 16,418 shares in the last quarter. 54.31% of the stock is currently owned by hedge funds and other 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.