FiscalNote (NYSE:NOTE) Given “Buy” Rating at D. Boral Capital

D. Boral Capital restated their buy rating on shares of FiscalNote (NYSE:NOTE) in a report issued on Tuesday morning,Benzinga reports. The firm currently has a $3.75 price objective on the stock.

A number of other research firms have also weighed in on NOTE. LADENBURG THALM/SH SH assumed coverage on FiscalNote in a report on Thursday, May 1st. They issued a “buy” rating and a $2.50 target price on the stock. B. Riley dropped their target price on FiscalNote from $1.75 to $1.50 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, Roth Mkm dropped their target price on FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Friday, March 14th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $2.63.

FiscalNote Stock Down 0.4%

NOTE stock opened at $0.65 on Tuesday. FiscalNote has a twelve month low of $0.56 and a twelve month high of $2.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average is $0.77 and its 200-day moving average is $1.02. The firm has a market capitalization of $104.54 million, a PE ratio of -2.94 and a beta of 0.62.

FiscalNote (NYSE:NOTE) last posted its earnings results on Monday, May 12th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. The company had revenue of $27.51 million during the quarter, compared to the consensus estimate of $26.43 million. Sell-side analysts expect that FiscalNote will post -0.43 EPS for the current fiscal year.

Insider Activity at FiscalNote

In related news, Director Tim Hwang sold 51,137 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $1.13, for a total transaction of $57,784.81. Following the completion of the sale, the director now directly owns 2,655,992 shares of the company’s stock, valued at approximately $3,001,270.96. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 134,352 shares of company stock valued at $113,149. 40.16% of the stock is owned by insiders.

Institutional Trading of FiscalNote

A number of large investors have recently bought and sold shares of the company. Kennedy Capital Management LLC increased its position in FiscalNote by 154.9% in the fourth quarter. Kennedy Capital Management LLC now owns 2,272,722 shares of the company’s stock worth $2,432,000 after buying an additional 1,381,166 shares during the last quarter. Geode Capital Management LLC increased its position in FiscalNote by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 1,576,432 shares of the company’s stock worth $1,687,000 after buying an additional 25,501 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in FiscalNote by 17.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 670,060 shares of the company’s stock worth $541,000 after buying an additional 99,115 shares during the last quarter. Northern Trust Corp increased its position in FiscalNote by 7.9% in the fourth quarter. Northern Trust Corp now owns 564,004 shares of the company’s stock worth $603,000 after buying an additional 41,137 shares during the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new stake in FiscalNote in the first quarter worth $154,000. 54.31% of the stock is owned by hedge funds and other institutional investors.

About FiscalNote

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.