Roth Mkm Cuts FiscalNote (NYSE:NOTE) Price Target to $2.00

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

A number of other equities analysts have also recently commented on NOTE. D. Boral Capital lifted their target price on shares of FiscalNote from $3.50 to $3.75 and gave the company a “buy” rating in a report on Tuesday, February 25th. B. Riley dropped their price objective on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating on the stock in a research note on Friday. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, FiscalNote presently has an average rating of “Buy” and an average price target of $2.66.

FiscalNote Stock Performance

NYSE:NOTE opened at $0.91 on Friday. FiscalNote has a 12 month low of $0.75 and a 12 month high of $2.07. The firm has a market capitalization of $128.51 million, a PE ratio of -4.14 and a beta of 0.40. 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 business’s fifty day moving average price is $1.33 and its 200 day moving average price is $1.16.

FiscalNote (NYSE:NOTE) last issued its earnings results on Thursday, March 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). The business had revenue of $29.47 billion during the quarter, compared to analysts’ expectations of $29.02 million. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. On average, sell-side 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 51,137 shares of FiscalNote stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $1.13, for a total value of $57,784.81. Following the sale, the director now owns 2,655,992 shares of the company’s stock, valued at approximately $3,001,270.96. The trade was a 1.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 122,719 shares of company stock valued at $146,099. 41.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On FiscalNote

Large investors have recently modified their holdings of the business. SG Americas Securities LLC grew its holdings in FiscalNote by 83.2% during the fourth quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock worth $27,000 after acquiring an additional 11,486 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of FiscalNote by 27.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock worth $31,000 after purchasing an additional 6,090 shares during the period. Wells Fargo & Company MN increased its holdings in shares of FiscalNote by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock valued at $31,000 after purchasing an additional 10,765 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of FiscalNote by 250.0% in the fourth quarter. NewEdge Advisors LLC now owns 35,000 shares of the company’s stock valued at $37,000 after purchasing an additional 25,000 shares during the period. Finally, Mariner LLC lifted its stake in shares of FiscalNote by 85.3% in the fourth quarter. Mariner LLC now owns 35,662 shares of the company’s stock valued at $38,000 after purchasing an additional 16,418 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.