FiscalNote Holdings, Inc. (OTCMKTS:NOTE – Free Report) – Equities research analysts at B. Riley cut their Q3 2023 EPS estimates for shares of FiscalNote in a note issued to investors on Thursday, August 10th. B. Riley analyst Z. Cummins now forecasts that the company will earn ($0.18) per share for the quarter, down from their previous estimate of ($0.14). B. Riley has a “Buy” rating and a $5.00 price objective on the stock. The consensus estimate for FiscalNote’s current full-year earnings is ($0.54) per share. B. Riley also issued estimates for FiscalNote’s Q4 2023 earnings at ($0.15) EPS and FY2023 earnings at ($0.68) EPS.
A number of other analysts also recently weighed in on NOTE. Roth Capital reaffirmed a “buy” rating on shares of FiscalNote in a research report on Wednesday, June 21st. Northland Securities reissued an “outperform” rating and set a $9.00 price objective on shares of FiscalNote in a research report on Friday, July 14th. Finally, Roth Mkm initiated coverage on shares of FiscalNote in a research report on Wednesday, June 21st. They set a “buy” rating and a $4.75 price objective on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, FiscalNote currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.35.
FiscalNote Stock Up 0.8 %
OTCMKTS:NOTE opened at $2.53 on Monday. The firm’s 50-day moving average price is $3.30 and its 200-day moving average price is $2.68. The company has a market capitalization of $338.87 million, a PE ratio of -1.09 and a beta of 0.29. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.88 and a quick ratio of 1.08. FiscalNote has a 1-year low of $1.31 and a 1-year high of $12.30.
Insider Activity
In related news, Director Conrad Yiu purchased 55,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were purchased at an average price of $3.00 per share, with a total value of $165,000.00. Following the acquisition, the director now directly owns 1,511,985 shares in the company, valued at approximately $4,535,955. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 50.78% of the company’s stock.
Hedge Funds Weigh In On FiscalNote
Institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in FiscalNote by 379.9% during the 2nd quarter. BlackRock Inc. now owns 4,505,691 shares of the company’s stock worth $16,401,000 after acquiring an additional 3,566,802 shares during the period. Brown Advisory Inc. bought a new stake in shares of FiscalNote during the first quarter valued at approximately $2,567,000. Geode Capital Management LLC raised its position in shares of FiscalNote by 112.9% during the second quarter. Geode Capital Management LLC now owns 1,334,217 shares of the company’s stock valued at $4,857,000 after buying an additional 707,438 shares during the last quarter. Vanguard Group Inc. bought a new stake in shares of FiscalNote during the third quarter valued at approximately $3,318,000. Finally, Northern Trust Corp raised its position in shares of FiscalNote by 303.1% during the second quarter. Northern Trust Corp now owns 517,882 shares of the company’s stock valued at $1,885,000 after buying an additional 389,421 shares during the last quarter. Institutional investors own 34.64% of the company’s stock.
About FiscalNote
FiscalNote Holdings, Inc operates as technology company. It combines artificial intelligence technology, machine learning, and other technologies with analytics, workflow tools, and expert research. The company 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.
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