FiscalNote (NYSE:NOTE) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.32 and traded as low as $1.10. FiscalNote shares last traded at $1.26, with a volume of 837,584 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on NOTE. Weiss Ratings restated a “sell (e+)” rating on shares of FiscalNote in a research note on Thursday, January 22nd. LADENBURG THALM/SH SH upgraded shares of FiscalNote to a “strong-buy” rating in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, FiscalNote has a consensus rating of “Moderate Buy” and an average price target of $29.25.

FiscalNote Stock Performance

The firm has a 50 day moving average of $1.46 and a two-hundred day moving average of $3.32. 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 stock has a market cap of $19.79 million, a PE ratio of -0.30 and a beta of 0.62.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NOTE. Two Sigma Investments LP purchased a new stake in FiscalNote in the third quarter valued at $64,000. Raymond James Financial Inc. grew its holdings in shares of FiscalNote by 4,900.0% during the third 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 last quarter. Bank of America Corp DE increased its position in shares of FiscalNote by 51.5% during the fourth quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock worth $52,000 after purchasing an additional 16,675 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of FiscalNote by 131.4% in the 4th quarter. XTX Topco Ltd now owns 35,516 shares of the company’s stock valued at $52,000 after purchasing an additional 20,166 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of FiscalNote in the 4th quarter valued at about $36,000. 54.31% of the stock is 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.