Roth Mkm Cuts FiscalNote (NYSE:NOTE) Price Target to $2.00

FiscalNote (NYSE:NOTE) had its target price lowered by equities research analysts at Roth Mkm from $3.00 to $2.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price objective suggests a potential upside of 119.54% from the company’s previous close.

A number of other equities analysts have also commented on NOTE. D. Boral Capital raised their price target on FiscalNote from $3.50 to $3.75 and gave the stock a “buy” rating in a report on Tuesday, February 25th. B. Riley cut their target price on FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a research note on Friday. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $2.66.

FiscalNote Stock Down 5.6 %

FiscalNote stock traded down $0.05 during trading on Friday, hitting $0.91. 3,861,678 shares of the company were exchanged, compared to its average volume of 4,271,313. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average is $1.33 and its 200 day moving average is $1.17. FiscalNote has a 52 week low of $0.75 and a 52 week high of $2.07. The company has a market capitalization of $128.65 million, a P/E ratio of -4.15 and a beta of 0.40.

FiscalNote (NYSE:NOTE) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. The company had revenue of $29.47 billion during the quarter, compared to analyst estimates of $29.02 million. Analysts predict that FiscalNote will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Tim Hwang sold 51,137 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $1.13, for a total transaction of $57,784.81. Following the sale, the director now owns 2,655,992 shares in the company, valued at approximately $3,001,270.96. This trade represents a 1.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 122,719 shares of company stock worth $146,099 in the last ninety days. 41.75% of the stock is currently owned by insiders.

Institutional Trading of FiscalNote

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

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.