FiscalNote (NYSE:NOTE) Price Target Lowered to $2.00 at Roth Mkm

FiscalNote (NYSE:NOTE) had its price objective decreased by Roth Mkm from $3.00 to $2.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Mkm’s price objective would indicate a potential upside of 119.78% from the stock’s previous close.

Several other analysts also recently weighed in on NOTE. D. Boral Capital lifted their target price on shares of FiscalNote from $3.50 to $3.75 and gave the company a “buy” rating in a report on Tuesday, February 25th. B. Riley reduced their price objective on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a research note on Friday. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $2.66.

FiscalNote Trading Down 5.7 %

Shares of FiscalNote stock opened at $0.91 on Friday. FiscalNote has a 1 year low of $0.75 and a 1 year high of $2.07. 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 company 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 (NYSE:NOTE) last issued its earnings results on Thursday, March 13th. The company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). The business had revenue of $29.47 billion for the quarter, compared to the consensus estimate of $29.02 million. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. Analysts forecast that FiscalNote will post -0.43 earnings per share for the current year.

Insider Activity at FiscalNote

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of FiscalNote stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $1.13, for a total transaction of $57,784.81. Following the completion of the transaction, the director now owns 2,655,992 shares in the company, valued at approximately $3,001,270.96. The trade was a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 122,719 shares of company stock worth $146,099 over the last 90 days. Company insiders own 41.75% of the company’s stock.

Hedge Funds Weigh In On FiscalNote

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NOTE. Charles Schwab Investment Management Inc. raised its position in FiscalNote by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock worth $725,000 after acquiring an additional 21,811 shares during the last quarter. Stonehill Capital Management LLC acquired a new position in FiscalNote during the third quarter worth about $995,000. State Street Corp raised its position in FiscalNote by 1.4% during the third quarter. State Street Corp now owns 1,261,429 shares of the company’s stock worth $1,615,000 after acquiring an additional 17,624 shares during the last quarter. Barclays PLC raised its position in FiscalNote by 318.2% during the third quarter. Barclays PLC now owns 86,286 shares of the company’s stock worth $110,000 after acquiring an additional 65,655 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in FiscalNote by 7.5% during the third quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock worth $1,986,000 after acquiring an additional 108,320 shares during the last quarter. 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.