FiscalNote (NYSE:NOTE) Shares Pass Above 50 Day Moving Average - Here's What Happened

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report)'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.06 and traded as high as $1.59. FiscalNote shares last traded at $1.45, with a volume of 4,061,482 shares.

Analyst Upgrades and Downgrades

NOTE has been the topic of a number of analyst reports. B. Riley cut their price target on FiscalNote from $2.00 to $1.75 and set a "buy" rating on the stock in a report on Wednesday, November 13th. D. Boral Capital reiterated a "buy" rating and issued a $3.50 target price on shares of FiscalNote in a research note on Thursday, January 16th. Finally, EF Hutton Acquisition Co. I raised shares of FiscalNote to a "strong-buy" rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $2.83.

FiscalNote Price Performance

The company has a market capitalization of $192.77 million, a price-to-earnings ratio of -6.20 and a beta of 0.38. The stock has a fifty day simple moving average of $1.08 and a 200-day simple moving average of $1.22. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81.

Institutional Trading of FiscalNote

A number of institutional investors and hedge funds have recently modified their holdings of NOTE. AQR Capital Management LLC purchased a new position in FiscalNote in the 2nd quarter valued at $26,000. SG Americas Securities LLC raised its position in shares of FiscalNote by 83.2% in 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 during the last quarter. Arkadios Wealth Advisors purchased a new position in shares of FiscalNote in the fourth quarter worth about $40,000. Virtu Financial LLC acquired a new position in FiscalNote during the third quarter worth about $47,000. Finally, PFG Investments LLC boosted its position in FiscalNote by 144.7% during the fourth quarter. PFG Investments LLC now owns 46,500 shares of the company's stock worth $50,000 after acquiring an additional 27,500 shares during the last quarter. Hedge funds and other institutional investors own 54.31% of the company's stock.

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.