Analysts Set FiscalNote Holdings, Inc. (NYSE:NOTE) Price Target at $4.44

FiscalNote Holdings, Inc. (NYSE:NOTE) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $4.44.

Several research analysts have commented on the company. B. Riley raised their price objective on FiscalNote from $1.75 to $2.25 and gave the stock a “buy” rating in a report on Wednesday, March 13th. DA Davidson lifted their price objective on shares of FiscalNote from $0.65 to $1.75 and gave the company a “neutral” rating in a report on Wednesday, March 13th.

Insider Activity

In other FiscalNote news, CEO Tim Hwang sold 29,284 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $1.82, for a total value of $53,296.88. Following the sale, the chief executive officer now directly owns 2,808,999 shares of the company’s stock, valued at $5,112,378.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 120,543 shares of company stock worth $176,661 over the last 90 days. 50.78% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FiscalNote

Several institutional investors have recently made changes to their positions in NOTE. Citigroup Inc. purchased a new position in FiscalNote in the fourth quarter valued at $51,000. Victory Capital Management Inc. acquired a new stake in FiscalNote in the fourth quarter valued at approximately $41,000. ExodusPoint Capital Management LP purchased a new stake in shares of FiscalNote in the first quarter valued at approximately $27,000. Colony Group LLC purchased a new position in shares of FiscalNote during the 1st quarter valued at approximately $30,000. Finally, Citadel Advisors LLC purchased a new position in FiscalNote during the third quarter valued at $94,000. 54.31% of the stock is owned by hedge funds and other institutional investors.

FiscalNote Trading Up 1.6 %

NOTE opened at $1.24 on Friday. FiscalNote has a one year low of $0.65 and a one year high of $4.51. The company has a debt-to-equity ratio of 5.12, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $162.45 million, a price-to-earnings ratio of -1.43 and a beta of 0.47. The stock’s 50 day moving average price is $1.53 and its 200-day moving average price is $1.37.

FiscalNote (NYSE:NOTE) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). The company had revenue of $34.27 million during the quarter, compared to the consensus estimate of $34.53 million. FiscalNote had a negative return on equity of 121.46% and a negative net margin of 101.78%. On average, equities analysts forecast that FiscalNote will post -0.57 EPS for the current year.

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.