FiscalNote (NYSE:NOTE) PT Lowered to $5.00

FiscalNote (NYSE:NOTE) had its price target reduced by Northland Securities from $6.00 to $5.00 in a report published on Monday, Benzinga reports. They currently have an outperform rating on the stock.

Separately, DA Davidson decreased their price objective on shares of FiscalNote from $1.35 to $1.05 and set a neutral rating for the company in a research report on Friday, August 9th.

FiscalNote Stock Down 2.4 %

Shares of NYSE:NOTE opened at $1.21 on Monday. The firm has a market cap of $162.60 million, a P/E ratio of -3.36 and a beta of 0.45. FiscalNote has a 12-month low of $0.65 and a 12-month high of $3.01. The business has a fifty day simple moving average of $1.54 and a 200 day simple moving average of $1.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.44.

FiscalNote (NYSE:NOTE) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. FiscalNote had a negative return on equity of 141.98% and a negative net margin of 48.89%. The company had revenue of $29.25 million during the quarter, compared to the consensus estimate of $29.05 million. During the same period last year, the company earned ($0.23) earnings per share. Analysts predict that FiscalNote will post -0.47 earnings per share for the current year.

Insiders Place Their Bets

In other FiscalNote news, CEO Tim Hwang sold 54,329 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $1.42, for a total transaction of $77,147.18. Following the transaction, the chief executive officer now directly owns 2,662,043 shares in the company, valued at approximately $3,780,101.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 135,186 shares of company stock worth $192,654. 47.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FiscalNote

Several institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new stake in FiscalNote in the second quarter valued at approximately $26,000. Squarepoint Ops LLC lifted its holdings in shares of FiscalNote by 181.9% in the 2nd quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock worth $218,000 after purchasing an additional 96,457 shares in the last quarter. Marshall Wace LLP bought a new position in shares of FiscalNote in the 2nd quarter worth $608,000. Natixis acquired a new stake in FiscalNote in the 1st quarter valued at $40,000. Finally, Vanguard Group Inc. increased its stake in FiscalNote by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock valued at $5,529,000 after purchasing an additional 12,853 shares in the last quarter. Institutional investors and hedge funds own 54.31% of the company’s stock.

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.