FiscalNote Holdings, Inc. (NYSE:NOTE) Receives Average Recommendation of “Moderate Buy” from Brokerages

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

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

Hedge Funds Weigh In On FiscalNote

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI grew its position in FiscalNote by 147.4% during the second 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 period. R Squared Ltd acquired a new position in shares of FiscalNote in the second quarter valued at approximately $27,000. International Assets Investment Management LLC raised its holdings in FiscalNote by 25.2% in the 2nd quarter. International Assets Investment Management LLC now owns 158,835 shares of the company’s stock valued at $85,000 after acquiring an additional 32,000 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in FiscalNote by 8.2% during the first quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company’s stock worth $384,000 after buying an additional 35,984 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of FiscalNote by 4,900.0% in the third quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock worth $69,000 after acquiring an additional 14,700 shares during the last quarter. 54.31% of the stock is owned by institutional investors and hedge funds.

FiscalNote Stock Up 4.8%

FiscalNote stock opened at $1.65 on Thursday. 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 has a market cap of $25.84 million, a P/E ratio of -0.39 and a beta of 0.62. The business has a fifty day moving average of $1.97 and a two-hundred day moving average of $4.56. FiscalNote has a twelve month low of $1.41 and a twelve month high of $24.36.

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