FiscalNote (NYSE:NOTE) Posts Earnings Results

FiscalNote (NYSE:NOTE) announced its quarterly earnings results on Thursday. The company reported ($0.10) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.10), Zacks reports. The company had revenue of $29.47 billion for the quarter, compared to analyst estimates of $29.02 million. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. FiscalNote updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

FiscalNote Price Performance

Shares of NYSE:NOTE opened at $0.91 on Friday. 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 fifty-two week low of $0.75 and a fifty-two week high of $2.07. The firm has a 50-day simple moving average of $1.33 and a 200 day simple moving average of $1.16. The company has a market cap of $128.51 million, a PE ratio of -4.14 and a beta of 0.40.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. B. Riley reduced their target price on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating on the stock in a report on Friday. Roth Mkm cut their price objective on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Friday. Finally, D. Boral Capital boosted their price objective on shares of FiscalNote from $3.50 to $3.75 and gave the stock a “buy” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, FiscalNote has an average rating of “Buy” and an average target price of $2.66.

Insider Activity at FiscalNote

In other FiscalNote news, Director Tim Hwang sold 51,137 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $1.13, for a total transaction of $57,784.81. Following the completion of the transaction, the director now directly owns 2,655,992 shares of the company’s stock, valued at $3,001,270.96. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 122,719 shares of company stock valued at $146,099 in the last quarter. Insiders own 41.75% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FiscalNote stock. Bank of America Corp DE lifted its stake in FiscalNote Holdings, Inc. (NYSE:NOTE) by 51.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,042 shares of the company’s stock after acquiring an additional 16,675 shares during the period. Bank of America Corp DE’s holdings in FiscalNote were worth $52,000 as of its most recent filing with the Securities and Exchange Commission. 54.31% of the stock is owned by 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.