FiscalNote (OTCMKTS:NOTE) Share Price Crosses Above Fifty Day Moving Average of $5.85

FiscalNote Holdings, Inc. (OTCMKTS:NOTEGet Rating)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.85 and traded as high as $6.34. FiscalNote shares last traded at $5.72, with a volume of 77,659 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NOTE. Northland Securities decreased their target price on FiscalNote from $13.00 to $9.00 in a research report on Tuesday, November 15th. DA Davidson lowered FiscalNote from a “buy” rating to a “neutral” rating in a research report on Monday, November 14th. Finally, BTIG Research decreased their target price on FiscalNote from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, November 15th.

FiscalNote Price Performance

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average of $5.85.

FiscalNote (OTCMKTS:NOTEGet Rating) last posted its quarterly earnings results on Monday, November 14th. The company reported ($1.16) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($1.03). The company had revenue of $29.07 million during the quarter, compared to the consensus estimate of $31.98 million. As a group, analysts forecast that FiscalNote Holdings, Inc. will post -1.51 earnings per share for the current fiscal year.

Institutional Trading of FiscalNote

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new stake in FiscalNote during the 3rd quarter valued at $179,000. State Street Corp purchased a new stake in FiscalNote during the 3rd quarter valued at $1,455,000. Vanguard Group Inc. purchased a new stake in FiscalNote during the 3rd quarter valued at $3,318,000. BlackRock Inc. purchased a new stake in FiscalNote during the 3rd quarter valued at $5,080,000. Finally, Citadel Advisors LLC purchased a new stake in FiscalNote during the 3rd quarter valued at $94,000. Hedge funds and other institutional investors own 67.18% of the company’s stock.

About FiscalNote

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FiscalNote Holdings Inc operates as technology and data company that delivers critical legal data and insights worldwide. It combines artificial intelligence technology, machine learning, and other technologies with analytics, workflow tools, and expert research. The company 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.

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