D. Boral Capital Reaffirms Buy Rating for FiscalNote (NYSE:NOTE)

FiscalNote (NYSE:NOTE)‘s stock had its “buy” rating reiterated by equities researchers at D. Boral Capital in a report released on Thursday,Benzinga reports. They presently have a $3.50 price target on the stock. D. Boral Capital’s price objective points to a potential upside of 176.68% from the company’s previous close.

A number of other brokerages also recently weighed in on NOTE. EF Hutton Acquisition Co. I upgraded shares of FiscalNote to a “strong-buy” rating in a report on Monday, October 28th. B. Riley lowered their target price on shares of FiscalNote from $2.00 to $1.75 and set a “buy” rating on the stock in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $2.83.

FiscalNote Price Performance

Shares of NOTE opened at $1.27 on Thursday. The company has a market cap of $178.64 million, a price-to-earnings ratio of -5.75 and a beta of 0.38. FiscalNote has a 1-year low of $0.75 and a 1-year high of $2.27. The company’s fifty day simple moving average is $1.03 and its 200 day simple moving average is $1.23. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44.

Hedge Funds Weigh In On FiscalNote

Several institutional investors and hedge funds have recently modified their holdings of NOTE. Stonehill Capital Management LLC acquired a new position in shares of FiscalNote in the third quarter valued at $995,000. Marshall Wace LLP acquired a new position in shares of FiscalNote in the second quarter valued at $608,000. Geode Capital Management LLC increased its holdings in shares of FiscalNote by 7.5% in the third quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock valued at $1,986,000 after purchasing an additional 108,320 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of FiscalNote by 181.9% in the second quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock valued at $218,000 after purchasing an additional 96,457 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of FiscalNote by 318.2% in the third quarter. Barclays PLC now owns 86,286 shares of the company’s stock valued at $110,000 after acquiring an additional 65,655 shares in the last quarter. 54.31% of the stock is currently owned by institutional investors and hedge funds.

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.