FiscalNote (NYSE:NOTE) Rating Increased to Strong-Buy at LADENBURG THALM/SH SH

FiscalNote (NYSE:NOTE) was upgraded by research analysts at LADENBURG THALM/SH SH to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of FiscalNote in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, FiscalNote currently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

FiscalNote Stock Performance

Shares of NOTE stock opened at $1.86 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.01 and a current ratio of 1.01. FiscalNote has a 52 week low of $1.60 and a 52 week high of $24.36. The company’s 50 day moving average price is $2.92 and its two-hundred day moving average price is $5.21. The company has a market capitalization of $29.24 million, a P/E ratio of -0.44 and a beta of 0.58.

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

Institutional Trading of FiscalNote

A number of institutional investors have recently made changes to their positions in the business. Focus Partners Wealth boosted its holdings in FiscalNote by 830.9% during the first quarter. Focus Partners Wealth now owns 800,033 shares of the company’s stock worth $647,000 after purchasing an additional 714,091 shares during the last quarter. Marshall Wace LLP bought a new stake in FiscalNote during the 2nd quarter worth about $232,000. Citizens Financial Group Inc. RI boosted its stake in shares of FiscalNote by 147.4% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 470,000 shares of the company’s stock worth $252,000 after buying an additional 280,000 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of FiscalNote by 617.6% in the 2nd quarter. NewEdge Advisors LLC now owns 268,094 shares of the company’s stock valued at $144,000 after acquiring an additional 230,733 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of FiscalNote in the first quarter valued at about $147,000. Institutional investors own 54.31% of the company’s stock.

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.