Northland Capmk Comments on FiscalNote Holdings, Inc.’s Q3 2024 Earnings (NYSE:NOTE)

FiscalNote Holdings, Inc. (NYSE:NOTE) – Stock analysts at Northland Capmk boosted their Q3 2024 EPS estimates for shares of FiscalNote in a research note issued on Sunday, August 11th. Northland Capmk analyst M. Latimore now forecasts that the company will post earnings per share of ($0.10) for the quarter, up from their prior estimate of ($0.11). The consensus estimate for FiscalNote’s current full-year earnings is ($0.47) per share. Northland Capmk also issued estimates for FiscalNote’s Q4 2024 earnings at ($0.09) EPS, FY2024 earnings at ($0.42) EPS, Q1 2025 earnings at ($0.09) EPS, Q2 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.08) EPS and FY2025 earnings at ($0.34) EPS.

Other equities analysts also recently issued reports about the stock. Northland Securities decreased their price target on shares of FiscalNote from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Monday. B. Riley decreased their target price on shares of FiscalNote from $2.25 to $2.00 and set a “buy” rating on the stock in a research note on Monday. Finally, DA Davidson lowered their target price on FiscalNote from $1.35 to $1.05 and set a “neutral” rating on the stock in a report on Friday, August 9th.

FiscalNote Trading Down 2.4 %

Shares of NOTE stock opened at $1.21 on Wednesday. FiscalNote has a fifty-two week low of $0.65 and a fifty-two week high of $3.01. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty day moving average is $1.54 and its two-hundred day moving average is $1.48. The firm has a market capitalization of $162.60 million, a P/E ratio of -3.36 and a beta of 0.45.

FiscalNote (NYSE:NOTE) last released its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. The business had revenue of $29.25 million for the quarter, compared to the consensus estimate of $29.05 million. FiscalNote had a negative return on equity of 141.98% and a negative net margin of 48.89%. During the same quarter last year, the business posted ($0.23) earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new position in shares of FiscalNote in the 2nd quarter valued at $26,000. Squarepoint Ops LLC boosted its stake in FiscalNote by 181.9% during the second quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock worth $218,000 after buying an additional 96,457 shares during the period. Marshall Wace LLP acquired a new stake in shares of FiscalNote during the second quarter valued at about $608,000. Natixis purchased a new stake in shares of FiscalNote in the 1st quarter valued at approximately $40,000. Finally, Vanguard Group Inc. lifted its holdings in shares of FiscalNote by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock worth $5,529,000 after acquiring an additional 12,853 shares during the last quarter. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FiscalNote

In other FiscalNote news, CEO Tim Hwang sold 54,329 shares of FiscalNote stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $1.42, for a total transaction of $77,147.18. Following the transaction, the chief executive officer now directly owns 2,662,043 shares of the company’s stock, valued at $3,780,101.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 135,186 shares of company stock valued at $192,654. 47.59% of the stock is owned by company insiders.

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.