B. Riley Forecasts FiscalNote’s FY2024 Earnings (NYSE:NOTE)

FiscalNote Holdings, Inc. (NYSE:NOTE) – Analysts at B. Riley upped their FY2024 earnings estimates for shares of FiscalNote in a note issued to investors on Wednesday, November 13th. B. Riley analyst Z. Cummins now expects that the company will earn ($0.42) per share for the year, up from their previous estimate of ($0.43). B. Riley has a “Buy” rating and a $1.75 price objective on the stock. The consensus estimate for FiscalNote’s current full-year earnings is ($0.43) per share. B. Riley also issued estimates for FiscalNote’s Q4 2024 earnings at ($0.10) EPS, Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at ($0.11) EPS, Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.42) EPS.

Several other research analysts have also recently issued reports on NOTE. DA Davidson decreased their price target on FiscalNote from $1.35 to $1.05 and set a “neutral” rating for the company in a research note on Friday, August 9th. Northland Securities decreased their target price on shares of FiscalNote from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Finally, EF Hutton Acquisition Co. I upgraded shares of FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th.

FiscalNote Stock Performance

Shares of NOTE stock opened at $0.79 on Monday. FiscalNote has a 12-month low of $0.75 and a 12-month high of $2.27. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 1.01. The firm has a market capitalization of $110.19 million, a price-to-earnings ratio of -3.64 and a beta of 0.49. The business has a 50 day simple moving average of $1.10 and a 200 day simple moving average of $1.33.

Insider Transactions at FiscalNote

In related news, CEO Tim Hwang sold 25,000 shares of FiscalNote stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $1.24, for a total value of $31,000.00. Following the transaction, the chief executive officer now directly owns 2,516,513 shares in the company, valued at $3,120,476.12. The trade was a 0.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 125,149 shares of company stock valued at $154,823 in the last quarter. Insiders own 47.59% of the company’s stock.

Hedge Funds Weigh In On FiscalNote

A number of institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new position in FiscalNote during the 2nd quarter worth approximately $26,000. Natixis acquired a new stake in shares of FiscalNote in the first quarter worth $40,000. Barclays PLC grew its holdings in shares of FiscalNote by 318.2% during the third quarter. Barclays PLC now owns 86,286 shares of the company’s stock valued at $110,000 after buying an additional 65,655 shares in the last quarter. International Assets Investment Management LLC raised its position in FiscalNote by 35.1% during the third quarter. International Assets Investment Management LLC now owns 134,656 shares of the company’s stock valued at $172,000 after buying an additional 34,956 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in FiscalNote by 181.9% in the 2nd quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock worth $218,000 after acquiring an additional 96,457 shares in the last quarter. Hedge funds and other institutional investors own 54.31% of the company’s stock.

About FiscalNote

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.