B. Riley Cuts FiscalNote (NYSE:NOTE) Price Target to $1.50

FiscalNote (NYSE:NOTE) had its price objective decreased by B. Riley from $1.75 to $1.50 in a research note released on Friday morning,Benzinga reports. B. Riley currently has a buy rating on the stock.

Separately, D. Boral Capital lifted their price target on FiscalNote from $3.50 to $3.75 and gave the company a “buy” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $2.66.

FiscalNote Price Performance

Shares of NYSE NOTE opened at $0.91 on Friday. 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 market capitalization of $128.51 million, a PE ratio of -4.14 and a beta of 0.40. FiscalNote has a 1-year low of $0.75 and a 1-year high of $2.07. The business’s fifty day moving average price is $1.33 and its two-hundred day moving average price is $1.16.

FiscalNote (NYSE:NOTE) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.10). The business 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, research analysts expect that FiscalNote will post -0.43 EPS for the current year.

Insiders Place Their Bets

In other news, Director Tim Hwang sold 51,137 shares of FiscalNote stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $1.13, for a total transaction of $57,784.81. Following the transaction, the director now directly owns 2,655,992 shares in the company, valued at approximately $3,001,270.96. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 122,719 shares of company stock worth $146,099. 41.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NOTE. Envestnet Asset Management Inc. raised its position in FiscalNote by 27.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock worth $31,000 after acquiring an additional 6,090 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of FiscalNote by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock worth $31,000 after purchasing an additional 10,765 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of FiscalNote by 83.2% in the 4th quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock worth $27,000 after purchasing an additional 11,486 shares in the last quarter. Barclays PLC lifted its stake in FiscalNote by 15.1% during the fourth quarter. Barclays PLC now owns 99,341 shares of the company’s stock valued at $106,000 after purchasing an additional 13,055 shares during the last quarter. Finally, Mariner LLC boosted its holdings in FiscalNote by 85.3% during the fourth quarter. Mariner LLC now owns 35,662 shares of the company’s stock worth $38,000 after buying an additional 16,418 shares in the last quarter. Institutional investors own 54.31% of the company’s stock.

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.