FiscalNote (NYSE:NOTE) Posts Earnings Results, Meets Estimates

FiscalNote (NYSE:NOTE) announced its earnings results on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10), Zacks reports. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. FiscalNote updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

FiscalNote Stock Performance

NYSE NOTE opened at $0.96 on Friday. The firm has a market cap of $135.99 million, a price-to-earnings ratio of -4.38 and a beta of 0.40. The company has a 50-day simple moving average of $1.33 and a two-hundred day simple moving average of $1.17. 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.

Analyst Ratings Changes

Separately, D. Boral Capital increased their price objective on FiscalNote from $3.50 to $3.75 and gave the company a “buy” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $2.89.

Insider Activity

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $1.13, for a total transaction of $57,784.81. Following the completion of the sale, the director now owns 2,655,992 shares of the company’s stock, valued at $3,001,270.96. This represents a 1.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 122,719 shares of company stock valued at $146,099. Insiders own 41.75% of the company’s stock.

Institutional Trading of FiscalNote

A hedge fund recently raised its stake in FiscalNote stock. Bank of America Corp DE grew its holdings in FiscalNote Holdings, Inc. (NYSE:NOTE) by 51.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 49,042 shares of the company’s stock after buying an additional 16,675 shares during the quarter. Bank of America Corp DE’s holdings in FiscalNote were worth $52,000 at the end of the most recent quarter. 54.31% of the stock is currently owned by institutional investors and hedge funds.

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.