Roth Mkm Has Lowered Expectations for FiscalNote (NYSE:NOTE) Stock Price

FiscalNote (NYSE:NOTE - Free Report) had its price objective lowered by Roth Mkm from $3.00 to $2.00 in a research report report published on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages have also weighed in on NOTE. B. Riley dropped their price objective on shares of FiscalNote from $1.75 to $1.50 and set a "buy" rating on the stock in a research report on Friday. D. Boral Capital increased their price objective on shares of FiscalNote from $3.50 to $3.75 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, FiscalNote has a consensus rating of "Buy" and a consensus target price of $2.66.

FiscalNote Stock Down 5.6 %

NOTE traded down $0.06 during trading hours on Friday, hitting $0.99. 2,269,019 shares of the company's stock were exchanged, compared to its average volume of 1,420,826. FiscalNote has a 1-year low of $0.75 and a 1-year high of $2.07. The stock's 50-day moving average is $1.31 and its two-hundred day moving average is $1.16. The stock has a market cap of $139.95 million, a price-to-earnings ratio of -4.50 and a beta of 0.40. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44.

Remove Ads

FiscalNote (NYSE:NOTE - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. The business had revenue of $29.47 billion during the quarter, compared to analysts' expectations of $29.02 million. Sell-side analysts predict that FiscalNote will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at FiscalNote

In other news, Director Tim Hwang sold 51,137 shares of FiscalNote stock in a transaction dated Monday, March 3rd. The stock was 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 directly owns 2,655,992 shares of the company's stock, valued at approximately $3,001,270.96. This trade represents a 1.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 122,719 shares of company stock valued at $146,099. Corporate insiders own 41.75% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NOTE. Charles Schwab Investment Management Inc. raised its position in shares of FiscalNote by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company's stock worth $725,000 after acquiring an additional 21,811 shares in the last quarter. Stonehill Capital Management LLC acquired a new stake in shares of FiscalNote in the 3rd quarter valued at about $995,000. State Street Corp grew its stake in shares of FiscalNote by 1.4% in the 3rd quarter. State Street Corp now owns 1,261,429 shares of the company's stock valued at $1,615,000 after buying an additional 17,624 shares during the period. Barclays PLC grew its stake in shares of FiscalNote by 318.2% in the 3rd quarter. Barclays PLC now owns 86,286 shares of the company's stock valued at $110,000 after buying an additional 65,655 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of FiscalNote by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company's stock valued at $1,986,000 after buying an additional 108,320 shares during the period. 54.31% of the stock is owned by institutional investors.

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.