FiscalNote (NYSE:NOTE) Price Target Raised to $3.75

FiscalNote (NYSE:NOTE) had its target price hoisted by D. Boral Capital from $3.50 to $3.75 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. D. Boral Capital’s target price points to a potential upside of 208.64% from the company’s current price.

Several other research analysts have also issued reports on the stock. EF Hutton Acquisition Co. I upgraded shares of FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th. B. Riley cut their price objective on shares of FiscalNote from $2.00 to $1.75 and set a “buy” rating for the company in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, FiscalNote has a consensus rating of “Buy” and a consensus price target of $2.89.

FiscalNote Stock Performance

NYSE NOTE traded down $0.13 during trading on Tuesday, hitting $1.22. 918,936 shares of the company’s stock traded hands, compared to its average volume of 4,962,517. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $171.58 million, a price-to-earnings ratio of -5.53 and a beta of 0.41. FiscalNote has a 12-month low of $0.75 and a 12-month high of $2.27. The business has a 50 day moving average of $1.34 and a 200-day moving average of $1.18.

Insiders Place Their Bets

In related news, Director Tim Hwang sold 56,795 shares of FiscalNote stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $1.22, for a total transaction of $69,289.90. Following the sale, the director now directly owns 2,237,129 shares in the company, valued at $2,729,297.38. The trade was a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 71,582 shares of company stock worth $88,314. 41.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FiscalNote

A number of hedge funds and other institutional investors have recently bought and sold shares of NOTE. International Assets Investment Management LLC grew its stake in shares of FiscalNote by 35.1% in the third quarter. International Assets Investment Management LLC now owns 134,656 shares of the company’s stock worth $172,000 after acquiring an additional 34,956 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in FiscalNote by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock valued at $725,000 after purchasing an additional 21,811 shares during the last quarter. Stonehill Capital Management LLC bought a new stake in FiscalNote during the 3rd quarter valued at about $995,000. State Street Corp raised its holdings in FiscalNote by 1.4% in the third quarter. State Street Corp now owns 1,261,429 shares of the company’s stock worth $1,615,000 after buying an additional 17,624 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of FiscalNote by 318.2% in the third quarter. Barclays PLC now owns 86,286 shares of the company’s stock worth $110,000 after buying an additional 65,655 shares in the last quarter. Hedge funds and other institutional investors own 54.31% of the company’s stock.

FiscalNote Company Profile

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.