FiscalNote (NOTE) Set to Announce Quarterly Earnings on Tuesday

FiscalNote (NYSE:NOTE - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. FiscalNote has set its Q3 2024 guidance at EPS.Investors that are interested in registering for the company's conference call can do so using this link.

FiscalNote (NYSE:NOTE - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. FiscalNote had a negative return on equity of 115.06% and a negative net margin of 36.20%. The firm had revenue of $29.25 million during the quarter, compared to the consensus estimate of $29.05 million. During the same quarter in the previous year, the company posted ($0.23) EPS. On average, analysts expect FiscalNote to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

FiscalNote Price Performance

NOTE traded up $0.03 during trading on Tuesday, hitting $0.88. The company's stock had a trading volume of 314,937 shares, compared to its average volume of 666,993. The firm's 50 day moving average price is $1.17 and its two-hundred day moving average price is $1.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36. FiscalNote has a 12 month low of $0.65 and a 12 month high of $2.27. The stock has a market capitalization of $122.23 million, a price-to-earnings ratio of -4.05 and a beta of 0.49.

Insider Activity at FiscalNote

In related news, CEO Tim Hwang sold 22,186 shares of the firm's stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $1.18, for a total value of $26,179.48. Following the transaction, the chief executive officer now owns 2,471,867 shares in the company, valued at $2,916,803.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 126,069 shares of company stock worth $157,261 over the last 90 days. Insiders own 47.59% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on NOTE. Northland Securities cut their price objective on FiscalNote from $6.00 to $5.00 and set an "outperform" rating for the company in a research report on Monday, August 12th. B. Riley dropped their target price on FiscalNote from $2.25 to $2.00 and set a "buy" rating for the company in a research report on Monday, August 12th. EF Hutton Acquisition Co. I raised FiscalNote to a "strong-buy" rating in a research note on Monday, October 28th. Finally, DA Davidson decreased their price target on FiscalNote from $1.35 to $1.05 and set a "neutral" rating on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, FiscalNote has an average rating of "Moderate Buy" and a consensus target price of $2.68.

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.