B. Riley Lowers FiscalNote (NYSE:NOTE) Price Target to $1.75

FiscalNote (NYSE:NOTE) had its price objective reduced by investment analysts at B. Riley from $2.00 to $1.75 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price objective points to a potential upside of 117.77% from the stock’s previous close.

Other analysts also recently issued reports about the company. DA Davidson reduced their price target on FiscalNote from $1.35 to $1.05 and set a “neutral” rating for the company in a research note on Friday, August 9th. EF Hutton Acquisition Co. I upgraded shares of FiscalNote to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Northland Securities dropped their price objective on shares of FiscalNote from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $2.60.

FiscalNote Trading Up 4.5 %

Shares of NOTE stock opened at $0.80 on Wednesday. FiscalNote has a 12-month low of $0.73 and a 12-month high of $2.27. The company has a market capitalization of $112.09 million, a PE ratio of -3.91 and a beta of 0.49. The firm has a 50 day moving average price of $1.12 and a two-hundred day moving average price of $1.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36.

Insider Transactions at FiscalNote

In related news, CEO Tim Hwang sold 22,186 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $1.18, for a total transaction of $26,179.48. Following the sale, the chief executive officer now owns 2,471,867 shares in the company, valued at approximately $2,916,803.06. This trade represents a 0.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 125,149 shares of company stock valued at $154,823. 47.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FiscalNote

A number of large investors have recently modified their holdings of the business. AQR Capital Management LLC bought a new stake in shares of FiscalNote during the 2nd quarter worth $26,000. Natixis acquired a new position in FiscalNote during the first quarter worth about $40,000. International Assets Investment Management LLC lifted its holdings in shares of FiscalNote by 35.1% in the third quarter. International Assets Investment Management LLC now owns 134,656 shares of the company’s stock worth $172,000 after acquiring an additional 34,956 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of FiscalNote by 181.9% in the 2nd quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock valued at $218,000 after purchasing an additional 96,457 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of FiscalNote during the 2nd quarter valued at approximately $608,000. Institutional investors and hedge funds 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.