FiscalNote’s (NOTE) “Buy” Rating Reiterated at D. Boral Capital

D. Boral Capital restated their buy rating on shares of FiscalNote (NYSE:NOTE) in a research note released on Monday,Benzinga reports. The brokerage currently has a $3.75 target price on the stock.

NOTE has been the subject of several other research reports. B. Riley lowered their price target on FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a report on Friday, March 14th. Roth Mkm reduced their target price on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, FiscalNote has a consensus rating of “Buy” and an average target price of $2.66.

FiscalNote Trading Up 2.2 %

Shares of FiscalNote stock opened at $1.02 on Monday. FiscalNote has a 12-month low of $0.75 and a 12-month high of $2.07. The stock has a market cap of $143.33 million, a PE ratio of -4.61 and a beta of 0.40. The company has a 50-day moving average of $1.31 and a two-hundred day moving average of $1.16. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44.

FiscalNote (NYSE:NOTE) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.10) earnings per share for the quarter, hitting the consensus estimate of ($0.10). The company had revenue of $29.47 billion during the quarter, compared to the consensus estimate of $29.02 million. FiscalNote had a negative return on equity of 88.72% and a negative net margin of 22.27%. On average, research analysts anticipate that FiscalNote will post -0.43 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Tim Hwang sold 56,795 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $1.22, for a total value of $69,289.90. Following the sale, the director now owns 2,237,129 shares of the company’s stock, valued at $2,729,297.38. This trade represents a 2.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 119,969 shares of company stock valued at $141,974. Company insiders own 41.75% of the company’s stock.

Institutional Trading of FiscalNote

Several large investors have recently added to or reduced their stakes in NOTE. Kennedy Capital Management LLC grew 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. Stonehill Capital Management LLC acquired a new position in shares of FiscalNote during the 3rd quarter valued at about $995,000. Deutsche Bank AG grew its holdings in FiscalNote by 425.0% during the fourth quarter. Deutsche Bank AG now owns 139,997 shares of the company’s stock valued at $150,000 after purchasing an additional 113,333 shares during the last quarter. Geode Capital Management LLC grew its position in shares of FiscalNote by 7.5% in the third quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock valued at $1,986,000 after purchasing an additional 108,320 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in FiscalNote in the 4th quarter valued at approximately $87,000. 54.31% of the stock is currently owned by institutional investors and hedge funds.

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.