FiscalNote (NYSE:NOTE) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

FiscalNote Holdings, Inc. (NYSE:NOTE)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.77 and traded as low as $0.11. FiscalNote shares last traded at $0.1190, with a volume of 65,811 shares traded.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH decreased their target price on FiscalNote from $11.00 to $9.75 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.38.

FiscalNote Stock Performance

The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.01 and a current ratio of 1.03. The company has a market capitalization of $3.17 million, a P/E ratio of -0.03 and a beta of 0.77. The business’s fifty day simple moving average is $0.18 and its 200-day simple moving average is $0.77.

Institutional Investors Weigh In On FiscalNote

Several large investors have recently made changes to their positions in the company. Focus Partners Wealth boosted its stake in FiscalNote by 830.9% during the first quarter. Focus Partners Wealth now owns 800,033 shares of the company’s stock valued at $647,000 after buying an additional 714,091 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in FiscalNote by 8.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company’s stock worth $384,000 after acquiring an additional 35,984 shares during the last quarter. Marshall Wace LLP bought a new stake in FiscalNote in the second quarter worth $232,000. NewEdge Advisors LLC increased 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 worth $144,000 after buying an additional 230,733 shares during the last quarter. Finally, Stonehill Capital Management LLC raised its position in FiscalNote by 55.9% during the fourth quarter. Stonehill Capital Management LLC now owns 221,050 shares of the company’s stock valued at $325,000 after purchasing an additional 79,299 shares during the period. 54.31% of the stock is owned by 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.