FiscalNote (NYSE:NOTE) Receives "Buy" Rating from D. Boral Capital

FiscalNote (NYSE:NOTE - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at D. Boral Capital in a note issued to investors on Monday,Benzinga reports. They presently have a $3.75 price objective on the stock. D. Boral Capital's target price points to a potential upside of 284.22% from the company's previous close.

A number of other brokerages have also recently issued reports on NOTE. Roth Mkm reduced their price objective on FiscalNote from $3.00 to $2.00 and set a "buy" rating for the company in a report on Friday, March 14th. B. Riley dropped their price target on FiscalNote from $1.75 to $1.50 and set a "buy" rating for the company in a report on Friday, March 14th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $2.66.

FiscalNote Stock Performance

Shares of NOTE stock traded down $0.01 during trading on Monday, reaching $0.98. 2,230,816 shares of the company's stock were exchanged, compared to its average volume of 1,423,247. FiscalNote has a twelve month low of $0.75 and a twelve month high of $2.07. The firm's fifty day moving average price is $1.31 and its 200-day moving average price is $1.16. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $137.83 million, a PE ratio of -4.44 and a beta of 0.40.

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

Insider Activity

In other news, Director Tim Hwang sold 51,137 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $1.13, for a total transaction of $57,784.81. Following the sale, the director now directly owns 2,655,992 shares of the company's stock, valued at approximately $3,001,270.96. This represents a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 119,969 shares of company stock worth $141,974. Corporate insiders own 41.75% of the company's stock.

Institutional Investors Weigh In On FiscalNote

Several institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC raised its position in shares of FiscalNote by 83.2% in the 4th 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. increased its stake in FiscalNote by 27.0% in the fourth 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 during the last quarter. Wells Fargo & Company MN raised its position in FiscalNote by 58.0% during the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company's stock valued at $31,000 after purchasing an additional 10,765 shares in the last quarter. Wolverine Trading LLC lifted its stake in FiscalNote by 95.1% during the fourth quarter. Wolverine Trading LLC now owns 34,137 shares of the company's stock worth $39,000 after purchasing an additional 16,637 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of FiscalNote by 250.0% in the 4th quarter. NewEdge Advisors LLC now owns 35,000 shares of the company's stock valued at $37,000 after purchasing an additional 25,000 shares in the last quarter. 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.