Kennedy Capital Management LLC Has $2.43 Million Position in FiscalNote Holdings, Inc. (NYSE:NOTE)

Kennedy Capital Management LLC grew its stake in shares of FiscalNote Holdings, Inc. (NYSE:NOTE) by 154.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,272,722 shares of the company’s stock after acquiring an additional 1,381,166 shares during the quarter. Kennedy Capital Management LLC’s holdings in FiscalNote were worth $2,432,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC grew its stake in FiscalNote by 83.2% during the fourth quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock worth $27,000 after buying an additional 11,486 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of 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 in the last quarter. Wells Fargo & Company MN increased its stake in FiscalNote by 58.0% in the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock valued at $31,000 after acquiring an additional 10,765 shares during the last quarter. Arkadios Wealth Advisors bought a new position in FiscalNote in the fourth quarter valued at approximately $40,000. Finally, Virtu Financial LLC acquired a new position in FiscalNote during the third quarter valued at approximately $47,000. Institutional investors own 54.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. D. Boral Capital reiterated a “buy” rating and issued a $3.75 price target on shares of FiscalNote in a research note on Monday, March 17th. Roth Mkm decreased their target price on FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Finally, B. Riley dropped their target price on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $2.66.

FiscalNote Trading Up 0.6 %

Shares of NOTE stock opened at $0.67 on Monday. The stock has a 50-day moving average of $1.12 and a 200-day moving average of $1.10. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44. The stock has a market cap of $107.51 million, a price-to-earnings ratio of -3.03 and a beta of 0.59. FiscalNote Holdings, Inc. has a 1-year low of $0.61 and a 1-year high of $2.07.

FiscalNote (NYSE:NOTE) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.10). FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. The firm had revenue of $29.47 billion for the quarter, compared to the consensus estimate of $29.02 million. On average, equities research analysts forecast that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Tim Hwang sold 51,137 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $1.13, for a total value of $57,784.81. Following the sale, the director now owns 2,655,992 shares in the company, valued at $3,001,270.96. This represents a 1.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 155,604 shares of company stock valued at $165,080 over the last 90 days. Company insiders own 41.75% of the company’s stock.

FiscalNote 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.