B. Riley Lowers FiscalNote (NYSE:NOTE) Price Target to $1.50

FiscalNote (NYSE:NOTE) had its price objective dropped by research analysts at B. Riley from $1.75 to $1.50 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target would suggest a potential upside of 55.76% from the stock’s current price.

Separately, D. Boral Capital increased their price objective on shares of FiscalNote from $3.50 to $3.75 and gave the company a “buy” rating in a research report on Tuesday, February 25th. One 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 company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $2.83.

FiscalNote Price Performance

Shares of NYSE:NOTE opened at $0.96 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a fifty day moving average price of $1.33 and a 200 day moving average price of $1.17. FiscalNote has a fifty-two week low of $0.75 and a fifty-two week high of $2.07. The firm has a market cap of $135.99 million, a price-to-earnings ratio of -4.38 and a beta of 0.40.

FiscalNote (NYSE:NOTE) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) EPS for the quarter, meeting the consensus estimate of ($0.10). FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. As a group, sell-side analysts expect that FiscalNote will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at FiscalNote

In other news, Director Tim Hwang sold 51,137 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $1.13, for a total value of $57,784.81. Following the completion of the sale, the director now owns 2,655,992 shares in the company, valued at approximately $3,001,270.96. This trade represents a 1.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders sold 122,719 shares of company stock worth $146,099. 41.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its stake in FiscalNote by 83.2% in the 4th quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock worth $27,000 after buying an additional 11,486 shares during the period. Envestnet Asset Management Inc. increased its stake in FiscalNote by 27.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock worth $31,000 after buying an additional 6,090 shares during the period. Wells Fargo & Company MN increased its stake in FiscalNote by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock worth $31,000 after buying an additional 10,765 shares during the period. NewEdge Advisors LLC increased 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 buying an additional 25,000 shares during the period. Finally, Mariner LLC increased its stake in FiscalNote by 85.3% in the 4th quarter. Mariner LLC now owns 35,662 shares of the company’s stock worth $38,000 after buying an additional 16,418 shares during the period. Hedge funds and other institutional investors 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.