FiscalNote (NYSE:NOTE) Price Target Raised to $3.75

FiscalNote (NYSE:NOTE) had its price objective boosted by D. Boral Capital from $3.50 to $3.75 in a research note issued to investors on Tuesday,Benzinga reports. D. Boral Capital currently has a buy rating on the stock.

A number of other research firms also recently weighed in on NOTE. B. Riley decreased their price objective on FiscalNote from $2.00 to $1.75 and set a “buy” rating for the company in a report on Wednesday, November 13th. EF Hutton Acquisition Co. I upgraded FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th. One equities 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. According to MarketBeat, FiscalNote presently has a consensus rating of “Buy” and a consensus target price of $2.89.

FiscalNote Trading Down 4.4 %

Shares of NYSE NOTE opened at $1.21 on Tuesday. The firm has a 50 day moving average price of $1.34 and a two-hundred day moving average price of $1.18. The stock has a market cap of $170.17 million, a P/E ratio of -5.48 and a beta of 0.41. FiscalNote has a 52-week low of $0.75 and a 52-week high of $2.27. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 0.81.

Insider Activity at FiscalNote

In related news, Director Tim Hwang sold 56,795 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $1.22, for a total transaction of $69,289.90. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 71,582 shares of company stock worth $88,314 over the last quarter. Company insiders own 41.75% of the company’s stock.

Hedge Funds Weigh In On FiscalNote

A number of institutional investors and hedge funds have recently modified their holdings of NOTE. SG Americas Securities LLC lifted its position in shares of FiscalNote by 83.2% during the 4th quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock valued at $27,000 after acquiring an additional 11,486 shares during the period. Envestnet Asset Management Inc. increased its stake in FiscalNote by 27.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock valued at $31,000 after purchasing an additional 6,090 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of FiscalNote by 58.0% during the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock valued at $31,000 after purchasing an additional 10,765 shares during the period. NewEdge Advisors LLC boosted its position in shares of FiscalNote by 250.0% during the 4th quarter. NewEdge Advisors LLC now owns 35,000 shares of the company’s stock worth $37,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Mariner LLC boosted its position in shares of FiscalNote by 85.3% during the 4th quarter. Mariner LLC now owns 35,662 shares of the company’s stock worth $38,000 after purchasing an additional 16,418 shares in the last quarter. 54.31% of the stock is currently 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.