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

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) have received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $29.25.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of FiscalNote in a research note on Wednesday, October 8th.

FiscalNote Stock Down 4.9%

Shares of FiscalNote stock opened at $1.76 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.01 and a quick ratio of 1.01. FiscalNote has a 1-year low of $1.75 and a 1-year high of $24.36. The business’s fifty day moving average price is $3.25 and its two-hundred day moving average price is $5.41. The company has a market capitalization of $27.65 million, a P/E ratio of -0.41 and a beta of 0.58.

FiscalNote (NYSE:NOTE) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.89). The business had revenue of $22.43 million for the quarter, compared to analyst estimates of $22.83 million. FiscalNote had a negative net margin of 54.31% and a negative return on equity of 75.96%. As a group, research analysts forecast that FiscalNote will post -0.43 EPS for the current year.

Institutional Investors Weigh In On FiscalNote

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Yorkville Advisors Global LP acquired a new stake in FiscalNote in the third quarter worth approximately $440,000. Raymond James Financial Inc. raised its stake in shares of FiscalNote by 4,900.0% in the 3rd quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock worth $69,000 after buying an additional 14,700 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of FiscalNote in the third quarter valued at $64,000. Marex Group plc bought a new position in FiscalNote during the second quarter valued at about $89,000. Finally, NewEdge Advisors LLC boosted its stake in FiscalNote by 617.6% during the second quarter. NewEdge Advisors LLC now owns 268,094 shares of the company’s stock valued at $144,000 after buying an additional 230,733 shares in the last quarter. 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.