FiscalNote (NOTE) Expected to Announce Quarterly Earnings on Tuesday

FiscalNote (NYSE:NOTE) is projected to announce its earnings results before the market opens on Tuesday, March 11th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $29.02 million for the quarter.

FiscalNote Stock Performance

Shares of NOTE opened at $1.12 on Tuesday. The firm has a 50-day moving average price of $1.34 and a 200 day moving average price of $1.18. The firm has a market capitalization of $158.16 million, a PE ratio of -5.09 and a beta of 0.41. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44. FiscalNote has a 52-week low of $0.75 and a 52-week high of $2.27.

Insider Activity

In other news, Director Tim Hwang sold 56,795 shares of the firm’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 completion of the transaction, the director now owns 2,237,129 shares in the company, valued at approximately $2,729,297.38. This trade represents a 2.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders sold 71,582 shares of company stock worth $88,314. Corporate insiders own 41.75% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FiscalNote stock. Bank of America Corp DE grew its position in FiscalNote Holdings, Inc. (NYSE:NOTE) by 51.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,042 shares of the company’s stock after buying an additional 16,675 shares during the quarter. Bank of America Corp DE’s holdings in FiscalNote were worth $52,000 at the end of the most recent quarter. Institutional investors and hedge funds own 54.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NOTE shares. B. Riley decreased their target price on shares of FiscalNote from $2.00 to $1.75 and set a “buy” rating for the company in a research report on Wednesday, November 13th. D. Boral Capital increased their target price 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 research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $2.89.

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.