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

FiscalNote (NYSE:NOTE)‘s stock had its “buy” rating reissued by research analysts at D. Boral Capital in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $3.75 price objective on the stock. D. Boral Capital’s price target would indicate a potential upside of 312.09% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. B. Riley dropped their price objective on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a research note on Friday. Roth Mkm dropped their target price on FiscalNote from $3.00 to $2.00 and set a “buy” rating for the company in a report on Friday. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $2.66.

FiscalNote Trading Down 5.7 %

Shares of NOTE stock opened at $0.91 on Monday. The business’s 50 day moving average is $1.33 and its two-hundred day moving average is $1.16. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44. FiscalNote has a 12 month low of $0.75 and a 12 month high of $2.07. The company has a market cap of $128.51 million, a PE ratio of -4.14 and a beta of 0.40.

FiscalNote (NYSE:NOTE) last announced its earnings results on Thursday, March 13th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate 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. Equities analysts predict that FiscalNote will post -0.43 EPS for the current year.

Insider Buying and Selling

In related news, Director Tim Hwang sold 51,137 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $1.13, for a total value of $57,784.81. Following the transaction, the director now directly owns 2,655,992 shares in the company, valued at $3,001,270.96. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 122,719 shares of company stock worth $146,099 over the last three months. 41.75% of the stock is currently owned by company insiders.

Institutional Trading of FiscalNote

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC lifted its stake in shares of FiscalNote by 83.2% in the 4th quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock valued at $27,000 after purchasing an additional 11,486 shares during the period. Envestnet Asset Management Inc. grew its stake in FiscalNote by 27.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock valued at $31,000 after acquiring an additional 6,090 shares during the period. Wells Fargo & Company MN increased its holdings in shares of FiscalNote by 58.0% in the fourth 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 in the last quarter. Wolverine Trading LLC lifted its stake in FiscalNote by 95.1% in the fourth quarter. Wolverine Trading LLC now owns 34,137 shares of the company’s stock valued at $39,000 after buying an additional 16,637 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in FiscalNote by 250.0% in the 4th quarter. NewEdge Advisors LLC now owns 35,000 shares of the company’s stock worth $37,000 after purchasing an additional 25,000 shares during the period. Institutional investors and hedge funds 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.