FiscalNote Holdings, Inc. (NYSE:NOTE) Receives $29.25 Average PT from Analysts

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $29.25.

A number of brokerages have recently weighed in on NOTE. Weiss Ratings reissued a “sell (e+)” rating on shares of FiscalNote in a research note on Thursday, January 22nd. LADENBURG THALM/SH SH raised FiscalNote to a “strong-buy” rating in a research report on Thursday, December 18th.

FiscalNote Price Performance

FiscalNote stock opened at $1.03 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.66. The firm’s 50-day simple moving average is $1.36 and its 200 day simple moving average is $2.98. FiscalNote has a 52 week low of $0.80 and a 52 week high of $14.40. The firm has a market capitalization of $16.10 million, a PE ratio of -0.24 and a beta of 0.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD acquired a new position in shares of FiscalNote in the fourth quarter valued at approximately $36,000. XTX Topco Ltd grew its stake in FiscalNote by 131.4% in the 4th quarter. XTX Topco Ltd now owns 35,516 shares of the company’s stock worth $52,000 after acquiring an additional 20,166 shares during the period. Bank of America Corp DE raised its holdings in FiscalNote by 51.5% in the 4th quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock valued at $52,000 after acquiring an additional 16,675 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of FiscalNote during the 3rd quarter worth $64,000. Finally, Raymond James Financial Inc. lifted its stake in shares of FiscalNote by 4,900.0% during the 3rd quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock worth $69,000 after purchasing an additional 14,700 shares during the period. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

About FiscalNote

FiscalNote is a technology and data services company specializing in government and regulatory intelligence. Founded in 2013 by Timothy Hwang, Gerald Yao and Jonathan Chen, the company is headquartered in Washington, DC, with additional offices in New York, Brussels, London, Singapore and Hong Kong. FiscalNote went public in March 2021 through a special-purpose acquisition company (SPAC) merger and is listed on the New York Stock Exchange under the ticker NOTE.

The company’s flagship software-as-a-service platform aggregates legislative and regulatory data from jurisdictions around the world, combining that information with AI-driven analytics and expert commentary.