FiscalNote (NYSE:NOTE) Issues Earnings Results, Hits Estimates

FiscalNote (NYSE:NOTE) issued its quarterly earnings results on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10), Zacks reports. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. FiscalNote updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

FiscalNote Stock Performance

Shares of NOTE stock traded down $0.08 on Thursday, reaching $0.96. The stock had a trading volume of 1,892,953 shares, compared to its average volume of 4,276,824. FiscalNote has a 12 month low of $0.75 and a 12 month high of $2.07. The firm has a market capitalization of $135.99 million, a price-to-earnings ratio of -4.38 and a beta of 0.40. The firm’s 50-day moving average is $1.34 and its two-hundred day moving average is $1.17. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44.

Analyst Upgrades and Downgrades

NOTE has been the topic of a number of recent research reports. D. Boral Capital lifted their target price on FiscalNote from $3.50 to $3.75 and gave the company a “buy” rating in a research report on Tuesday, February 25th. B. Riley lowered their price target on FiscalNote from $2.00 to $1.75 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, FiscalNote currently has an average rating of “Buy” and an average price target of $2.89.

Insider Buying and Selling

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $1.13, for a total transaction of $57,784.81. Following the completion of the sale, the director now owns 2,655,992 shares of the company’s stock, valued at $3,001,270.96. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 122,719 shares of company stock worth $146,099. Company insiders own 41.75% of the company’s stock.

Hedge Funds Weigh In On FiscalNote

A hedge fund recently raised its stake in FiscalNote stock. Bank of America Corp DE increased its stake in shares of FiscalNote Holdings, Inc. (NYSE:NOTE) by 51.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 49,042 shares of the company’s stock after buying an additional 16,675 shares during the period. Bank of America Corp DE’s holdings in FiscalNote were worth $52,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.