FiscalNote (NYSE:NOTE) Receives Buy Rating from D. Boral Capital

D. Boral Capital reiterated their buy rating on shares of FiscalNote (NYSE:NOTE) in a report published on Tuesday morning,Benzinga reports. They currently have a $3.75 target price on the stock.

NOTE has been the topic of a number of other reports. LADENBURG THALM/SH SH began coverage on shares of FiscalNote in a research report on Thursday, May 1st. They issued a “buy” rating and a $2.50 price target on the stock. Wall Street Zen downgraded shares of FiscalNote from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, FiscalNote presently has a consensus rating of “Moderate Buy” and a consensus target price of $2.44.

FiscalNote Price Performance

NYSE:NOTE opened at $0.56 on Tuesday. The firm has a market cap of $87.97 million, a PE ratio of -1.74 and a beta of 0.59. FiscalNote has a 12 month low of $0.48 and a 12 month high of $2.03. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.20. The company’s 50-day moving average price is $0.63 and its two-hundred day moving average price is $0.83.

FiscalNote (NYSE:NOTE) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $23.26 million for the quarter, compared to analyst estimates of $22.83 million. FiscalNote had a negative net margin of 41.79% and a negative return on equity of 60.80%. On average, equities analysts anticipate that FiscalNote will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at FiscalNote

In related news, Director Tim Hwang sold 56,155 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $0.58, for a total transaction of $32,569.90. Following the completion of the sale, the director directly owned 2,700,406 shares of the company’s stock, valued at $1,566,235.48. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 138,758 shares of company stock valued at $85,834 over the last ninety days. Insiders own 41.75% of the company’s stock.

Institutional Investors Weigh In On FiscalNote

A number of institutional investors and hedge funds have recently modified their holdings of NOTE. R Squared Ltd bought a new stake in shares of FiscalNote during the second quarter worth approximately $27,000. Wells Fargo & Company MN raised its stake in shares of FiscalNote by 58.0% during the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock worth $31,000 after buying an additional 10,765 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of FiscalNote by 27.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock worth $31,000 after buying an additional 6,090 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of FiscalNote by 250.0% during the fourth quarter. NewEdge Advisors LLC now owns 35,000 shares of the company’s stock worth $37,000 after buying an additional 25,000 shares during the last quarter. Finally, Mariner LLC raised its stake in shares of 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 during the last quarter. 54.31% of the stock is owned by institutional investors.

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.