FiscalNote Holdings, Inc. (NYSE:NOTE) Receives $29.25 Consensus Price Target from Analysts

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $29.25.

A number of research analysts have recently issued reports on the stock. LADENBURG THALM/SH SH upgraded shares of FiscalNote to a “strong-buy” rating in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FiscalNote in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NOTE. Focus Partners Wealth raised its position in FiscalNote by 830.9% in the first quarter. Focus Partners Wealth now owns 800,033 shares of the company’s stock worth $647,000 after acquiring an additional 714,091 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of FiscalNote during the 2nd quarter worth $232,000. Citizens Financial Group Inc. RI increased its holdings in shares of FiscalNote by 147.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 470,000 shares of the company’s stock valued at $252,000 after purchasing an additional 280,000 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of FiscalNote by 617.6% in the second quarter. NewEdge Advisors LLC now owns 268,094 shares of the company’s stock valued at $144,000 after purchasing an additional 230,733 shares during the period. Finally, Marex Group plc acquired a new stake in shares of FiscalNote in the second quarter valued at about $89,000. Institutional investors and hedge funds own 54.31% of the company’s stock.

FiscalNote Price Performance

FiscalNote stock opened at $1.58 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day simple moving average of $2.10 and a 200-day simple moving average of $4.66. FiscalNote has a 12 month low of $1.41 and a 12 month high of $24.36. The stock has a market capitalization of $24.84 million, a PE ratio of -0.37 and a beta of 0.62.

FiscalNote (NYSE:NOTE) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.84) by ($0.89). The firm had revenue of $22.43 million during the quarter, compared to analyst estimates of $22.83 million. FiscalNote had a negative net margin of 54.31% and a negative return on equity of 75.96%. Equities analysts predict that FiscalNote will post -0.43 earnings per share for the current year.

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.