FiscalNote (NYSE:NOTE) Price Target Cut to $2.00 by Analysts at Roth Mkm

FiscalNote (NYSE:NOTE) had its target price reduced by Roth Mkm from $3.00 to $2.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. B. Riley cut their price target on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating on the stock in a report on Friday. D. Boral Capital boosted their price target on shares of FiscalNote from $3.50 to $3.75 and gave the stock a “buy” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, FiscalNote currently has a consensus rating of “Buy” and an average target price of $2.66.

FiscalNote Price Performance

NOTE opened at $0.91 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $128.51 million, a price-to-earnings ratio of -4.14 and a beta of 0.40. The firm’s fifty day moving average price is $1.33 and its two-hundred day moving average price is $1.16. FiscalNote has a 1 year low of $0.75 and a 1 year high of $2.07.

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

Insider Buying and Selling at FiscalNote

In other FiscalNote news, Director Tim Hwang sold 56,795 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $1.22, for a total transaction of $69,289.90. Following the sale, the director now directly owns 2,237,129 shares of the company’s stock, valued at $2,729,297.38. This represents a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 122,719 shares of company stock valued at $146,099 over the last three months. 41.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FiscalNote

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in shares of FiscalNote by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock valued at $725,000 after buying an additional 21,811 shares during the period. Stonehill Capital Management LLC bought a new stake in shares of FiscalNote during the third quarter valued at about $995,000. State Street Corp increased its position in shares of FiscalNote by 1.4% during the third quarter. State Street Corp now owns 1,261,429 shares of the company’s stock valued at $1,615,000 after buying an additional 17,624 shares during the period. Barclays PLC increased its position in shares of FiscalNote by 318.2% during the third quarter. Barclays PLC now owns 86,286 shares of the company’s stock valued at $110,000 after buying an additional 65,655 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of FiscalNote by 7.5% during the third quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock valued at $1,986,000 after buying an additional 108,320 shares during the period. 54.31% of the stock is owned by hedge funds and other institutional investors.

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.