FiscalNote Holdings, Inc. (NYSE:NOTE) Receives Consensus Rating of "Buy" from Brokerages

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $2.66.

Several brokerages recently commented on NOTE. B. Riley decreased 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, March 14th. D. Boral Capital restated a "buy" rating and issued a $3.75 target price on shares of FiscalNote in a report on Monday, March 17th. Finally, Roth Mkm lowered their price target on FiscalNote from $3.00 to $2.00 and set a "buy" rating on the stock in a report on Friday, March 14th.

Insider Buying and Selling at FiscalNote

In other news, Director Tim Hwang sold 56,795 shares of FiscalNote stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $1.22, for a total transaction of $69,289.90. Following the completion of the sale, the director now directly owns 2,237,129 shares in the company, valued at $2,729,297.38. The trade was a 2.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 155,604 shares of company stock valued at $165,080 in the last quarter. Company insiders own 41.75% of the company's stock.

Hedge Funds Weigh In On FiscalNote

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in FiscalNote by 83.2% during the fourth quarter. SG Americas Securities LLC now owns 25,285 shares of the company's stock valued at $27,000 after buying an additional 11,486 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of FiscalNote by 27.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company's stock valued at $31,000 after acquiring an additional 6,090 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in 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. NewEdge Advisors LLC lifted its holdings in FiscalNote by 250.0% in the 4th quarter. NewEdge Advisors LLC now owns 35,000 shares of the company's stock worth $37,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Mariner LLC boosted its position 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 purchasing an additional 16,418 shares during the period. Institutional investors and hedge funds own 54.31% of the company's stock.

FiscalNote Trading Up 0.6 %

Shares of FiscalNote stock traded up $0.00 on Tuesday, reaching $0.67. 853,737 shares of the company were exchanged, compared to its average volume of 1,508,403. FiscalNote has a fifty-two week low of $0.61 and a fifty-two week high of $2.07. The firm has a market capitalization of $107.51 million, a price-to-earnings ratio of -3.03 and a beta of 0.59. 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 stock has a fifty day moving average price of $1.12 and a 200-day moving average price of $1.10.

FiscalNote (NYSE:NOTE - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). FiscalNote had a negative return on equity of 88.72% and a negative net margin of 22.27%. The firm had revenue of $29.47 billion for the quarter, compared to the consensus estimate of $29.02 million. On average, analysts expect that FiscalNote will post -0.43 EPS for the current year.

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.