FiscalNote’s (NOTE) Buy Rating Reiterated at D. Boral Capital

D. Boral Capital reissued their buy rating on shares of FiscalNote (NYSE:NOTE) in a research note released on Tuesday morning,Benzinga reports. They currently have a $3.75 target price on the stock.

Several other equities research analysts have also weighed in on the company. LADENBURG THALM/SH SH started coverage on FiscalNote in a research note on Thursday, May 1st. They issued a “buy” rating and a $2.50 price objective on the stock. Wall Street Zen lowered FiscalNote from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.44.

FiscalNote Trading Down 3.2%

Shares of NOTE opened at $0.53 on Tuesday. FiscalNote has a 12-month low of $0.48 and a 12-month high of $2.03. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $83.38 million, a price-to-earnings ratio of -1.65 and a beta of 0.59. The stock’s 50-day moving average price is $0.62 and its 200 day moving average price is $0.83.

FiscalNote (NYSE:NOTE) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. FiscalNote had a negative return on equity of 60.80% and a negative net margin of 41.79%. The company had revenue of $23.26 million for the quarter, compared to analyst estimates of $22.83 million. As a group, research analysts predict that FiscalNote will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Tim Hwang sold 56,155 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $0.58, for a total transaction of $32,569.90. Following the sale, the director directly owned 2,700,406 shares in the company, valued at $1,566,235.48. This represents a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 138,758 shares of company stock worth $85,834. 40.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FiscalNote

A number of large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in FiscalNote by 27.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock worth $31,000 after acquiring an additional 6,090 shares during the last quarter. Wells Fargo & Company MN grew its position in FiscalNote by 58.0% during the 4th quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock worth $31,000 after acquiring an additional 10,765 shares during the last quarter. Barclays PLC grew its position in FiscalNote by 15.1% during the 4th quarter. Barclays PLC now owns 99,341 shares of the company’s stock worth $106,000 after acquiring an additional 13,055 shares during the last quarter. Mariner LLC grew its position in FiscalNote by 85.3% during the 4th quarter. Mariner LLC now owns 35,662 shares of the company’s stock worth $38,000 after acquiring an additional 16,418 shares during the last quarter. Finally, Wolverine Trading LLC lifted its holdings in FiscalNote by 95.1% during the 4th quarter. Wolverine Trading LLC now owns 34,137 shares of the company’s stock worth $39,000 after buying an additional 16,637 shares in the last quarter. 54.31% of the stock is currently owned by institutional investors.

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.