FiscalNote (NYSE:NOTE) Given New $1.50 Price Target at B. Riley

FiscalNote (NYSE:NOTE - Get Free Report) had its price objective reduced by analysts at B. Riley from $1.75 to $1.50 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. B. Riley's target price indicates a potential upside of 51.36% from the stock's current price.

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 analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $2.66.

FiscalNote Stock Down 5.6 %

NYSE NOTE traded down $0.06 during trading on Friday, reaching $0.99. 2,269,019 shares of the company's stock were exchanged, compared to its average volume of 1,418,091. FiscalNote has a fifty-two week low of $0.75 and a fifty-two week high of $2.07. The firm has a market capitalization of $139.95 million, a PE ratio of -4.50 and a beta of 0.40. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44. The company's fifty day simple moving average is $1.32 and its 200-day simple moving average is $1.16.

FiscalNote (NYSE:NOTE - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). The business had revenue of $29.47 billion during the quarter, compared to analyst estimates of $29.02 million. FiscalNote had a negative return on equity of 88.72% and a negative net margin of 22.27%. Sell-side analysts predict that FiscalNote will post -0.43 EPS for the current year.

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Insider Activity at FiscalNote

In related news, Director Tim Hwang sold 51,137 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $1.13, for a total value of $57,784.81. Following the transaction, the director now directly owns 2,655,992 shares of the company's stock, valued at approximately $3,001,270.96. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 122,719 shares of company stock valued at $146,099. Corporate insiders own 41.75% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Kennedy Capital Management LLC increased its position in FiscalNote by 154.9% in the 4th 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 during the period. Geode Capital Management LLC increased its position in FiscalNote by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 1,576,432 shares of the company's stock worth $1,687,000 after buying an additional 25,501 shares during the period. State Street Corp increased its position in FiscalNote by 1.4% in the 3rd quarter. State Street Corp now owns 1,261,429 shares of the company's stock worth $1,615,000 after buying an additional 17,624 shares during the period. Stonehill Capital Management LLC bought a new position in FiscalNote in the 3rd quarter worth approximately $995,000. Finally, Charles Schwab Investment Management Inc. increased its position in FiscalNote by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company's stock worth $725,000 after buying an additional 21,811 shares during the period. 54.31% of the stock is owned by institutional investors.

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.