FiscalNote (NYSE:NOTE) Issues Earnings Results, Meets Estimates

FiscalNote (NYSE:NOTE - Get Free Report) released its earnings results on Thursday. The company reported ($0.10) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.10), Zacks reports. The firm had revenue of $29.47 billion during the quarter, compared to the consensus estimate of $29.02 million. FiscalNote had a negative return on equity of 88.72% and a negative net margin of 22.27%. FiscalNote updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

FiscalNote Stock Performance

NOTE stock traded up $0.12 during trading on Monday, reaching $1.05. 1,868,596 shares of the stock were exchanged, compared to its average volume of 1,414,656. The stock has a 50 day simple moving average of $1.33 and a 200-day simple moving average of $1.16. 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 has a market capitalization of $147.57 million, a P/E ratio of -4.75 and a beta of 0.40. FiscalNote has a twelve month low of $0.75 and a twelve month high of $2.07.

Insider Buying and Selling at FiscalNote

In other news, Director Tim Hwang sold 51,137 shares of FiscalNote stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $1.13, for a total value of $57,784.81. Following the completion of the transaction, the director now owns 2,655,992 shares in the company, valued at approximately $3,001,270.96. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 122,719 shares of company stock valued at $146,099 in the last 90 days. 41.75% of the stock is currently owned by company insiders.

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Institutional Trading of FiscalNote

An institutional investor recently raised its position in FiscalNote stock. Bank of America Corp DE boosted its position in shares of FiscalNote Holdings, Inc. (NYSE:NOTE - Free Report) by 51.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,042 shares of the company's stock after purchasing an additional 16,675 shares during the quarter. Bank of America Corp DE's holdings in FiscalNote were worth $52,000 as of its most recent filing with the Securities and Exchange Commission. 54.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NOTE has been the subject of several recent research reports. B. Riley cut their target price on shares of FiscalNote from $1.75 to $1.50 and set a "buy" rating for the company in a research note on Friday. D. Boral Capital restated a "buy" rating and issued a $3.75 target price on shares of FiscalNote in a report on Monday. Finally, Roth Mkm cut their target price on FiscalNote from $3.00 to $2.00 and set a "buy" rating on the stock in a research report on Friday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, FiscalNote has an average rating of "Buy" and a consensus target price of $2.66.

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.