FiscalNote’s (NOTE) “Buy” Rating Reaffirmed at D. Boral Capital

FiscalNote (NYSE:NOTE)‘s stock had its “buy” rating reaffirmed by D. Boral Capital in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $3.75 price target on the stock. D. Boral Capital’s price target points to a potential upside of 485.30% from the stock’s previous close.

A number of other research analysts have also weighed in on NOTE. Roth Mkm dropped their price objective on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. LADENBURG THALM/SH SH began coverage on shares of FiscalNote in a research note on Thursday, May 1st. They issued a “buy” rating and a $2.50 price objective on the stock. Finally, B. Riley dropped their price objective on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating on the stock in a research note on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, FiscalNote has a consensus rating of “Buy” and a consensus target price of $2.63.

FiscalNote Trading Down 2.9%

NYSE NOTE opened at $0.64 on Tuesday. The stock has a market capitalization of $103.42 million, a P/E ratio of -2.91 and a beta of 0.62. The business has a 50 day simple moving average of $0.76 and a 200 day simple moving average of $1.02. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81. FiscalNote has a one year low of $0.56 and a one year high of $2.07.

FiscalNote (NYSE:NOTE) last issued its earnings results on Monday, May 12th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The firm had revenue of $27.51 million during the quarter, compared to analyst estimates of $26.43 million. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. Research analysts expect that FiscalNote will post -0.43 earnings per share for the current year.

Insider Buying and Selling at FiscalNote

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of the 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 completion of the transaction, the director now directly owns 2,655,992 shares of the company’s stock, valued at approximately $3,001,270.96. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 134,352 shares of company stock valued at $113,149. Company insiders own 40.16% of the company’s stock.

Institutional Investors Weigh In On FiscalNote

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in shares of FiscalNote by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,576,432 shares of the company’s stock worth $1,687,000 after acquiring an additional 25,501 shares in the last quarter. Mariner LLC raised its position in shares of FiscalNote by 85.3% in 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. Barclays PLC raised its position in shares of FiscalNote by 318.2% in the third quarter. Barclays PLC now owns 86,286 shares of the company’s stock worth $110,000 after buying an additional 65,655 shares in the last quarter. Kennedy Capital Management LLC raised its position in shares of FiscalNote by 154.9% in the fourth quarter. Kennedy Capital Management LLC now owns 2,272,722 shares of the company’s stock worth $2,432,000 after buying an additional 1,381,166 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of FiscalNote by 255.6% in the fourth quarter. LPL Financial LLC now owns 104,348 shares of the company’s stock worth $112,000 after buying an additional 75,000 shares in the last quarter. Hedge funds and other institutional investors 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.