FiscalNote (NYSE:NOTE) Price Target Cut to $3.25 by Analysts at LADENBURG THALM/SH SH

FiscalNote (NYSE:NOTE) had its target price dropped by research analysts at LADENBURG THALM/SH SH from $9.75 to $3.25 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock.

FiscalNote Stock Performance

NOTE traded up $0.01 during midday trading on Wednesday, reaching $0.07. The company had a trading volume of 110,423 shares, compared to its average volume of 443,751. The business has a 50-day moving average of $0.13 and a two-hundred day moving average of $0.46. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 2.03. FiscalNote has a 1 year low of $0.06 and a 1 year high of $6.84. The company has a market cap of $1.99 million, a P/E ratio of -0.02 and a beta of 0.78.

Hedge Funds Weigh In On FiscalNote

Several large investors have recently added to or reduced their stakes in the company. Corecam AG bought a new position in shares of FiscalNote in the fourth quarter worth approximately $73,000. NewEdge Advisors LLC raised its position in shares of FiscalNote by 95.2% during the 4th quarter. NewEdge Advisors LLC now owns 84,261 shares of the company’s stock valued at $124,000 after purchasing an additional 41,090 shares during the period. XTX Topco Ltd lifted its stake in shares of FiscalNote by 131.4% during the 4th quarter. XTX Topco Ltd now owns 35,516 shares of the company’s stock valued at $52,000 after buying an additional 20,166 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in shares of FiscalNote during the 4th quarter valued at $36,000. Finally, Stonehill Capital Management LLC boosted its holdings in FiscalNote by 55.9% in the 4th quarter. Stonehill Capital Management LLC now owns 221,050 shares of the company’s stock worth $325,000 after buying an additional 79,299 shares during the period. Hedge funds and other institutional investors own 54.31% of the company’s stock.

FiscalNote Company Profile

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.