FiscalNote Holdings, Inc. (NYSE:NOTE) Receives $4.44 Average PT from Analysts

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $4.44.

A number of analysts have commented on NOTE shares. B. Riley increased their price target on shares of FiscalNote from $1.75 to $2.25 and gave the company a “buy” rating in a research note on Wednesday, March 13th. DA Davidson upped their target price on shares of FiscalNote from $0.65 to $1.75 and gave the company a “neutral” rating in a report on Wednesday, March 13th.

Insiders Place Their Bets

In other news, CEO Tim Hwang sold 31,431 shares of the 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 transaction, the chief executive officer now directly 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 is available through the SEC website. Insiders sold a total of 87,079 shares of company stock valued at $129,180 over the last ninety days. 47.59% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FiscalNote

Several institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in FiscalNote by 2,632.3% in the 3rd quarter. Victory Capital Management Inc. now owns 301,506 shares of the company’s stock valued at $627,000 after buying an additional 290,471 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in FiscalNote during the third quarter worth about $277,000. International Assets Investment Management LLC raised its stake in FiscalNote by 196.7% in the 4th quarter. International Assets Investment Management LLC now owns 82,194 shares of the company’s stock worth $94,000 after purchasing an additional 54,494 shares in the last quarter. PFG Investments LLC bought a new stake in FiscalNote in the 1st quarter valued at about $61,000. Finally, Certuity LLC acquired a new position in shares of FiscalNote during the 3rd quarter worth approximately $78,000. Institutional investors and hedge funds own 54.31% of the company’s stock.

FiscalNote Price Performance

NYSE:NOTE opened at $1.27 on Tuesday. FiscalNote has a 52-week low of $0.65 and a 52-week high of $4.51. The company has a market cap of $166.38 million, a P/E ratio of -1.46 and a beta of 0.43. The company has a debt-to-equity ratio of 5.12, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50-day simple moving average is $1.44 and its 200 day simple moving average is $1.30.

FiscalNote (NYSE:NOTE) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.08). The company had revenue of $34.27 million for the quarter, compared to analyst estimates of $34.53 million. FiscalNote had a negative return on equity of 121.46% and a negative net margin of 101.78%. As a group, sell-side analysts forecast that FiscalNote will post -0.57 EPS for the current fiscal year.

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.