Northland Securities Lowers FiscalNote (NYSE:NOTE) Price Target to $5.00

FiscalNote (NYSE:NOTE) had its price target trimmed by Northland Securities from $6.00 to $5.00 in a report released on Monday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Separately, DA Davidson lowered their target price on shares of FiscalNote from $1.35 to $1.05 and set a neutral rating for the company in a research note on Friday, August 9th.

FiscalNote Trading Down 2.4 %

Shares of NOTE opened at $1.21 on Monday. FiscalNote has a one year low of $0.65 and a one year high of $3.01. The stock has a 50-day moving average price of $1.54 and a 200 day moving average price of $1.48. 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 company 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 issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The business had revenue of $29.25 million during the quarter, compared to analyst estimates of $29.05 million. FiscalNote had a negative net margin of 48.89% and a negative return on equity of 141.98%. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. Sell-side analysts forecast that FiscalNote will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tim Hwang sold 54,329 shares of FiscalNote stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $1.42, for a total transaction of $77,147.18. Following the sale, the chief executive officer now owns 2,662,043 shares of the company’s stock, valued at $3,780,101.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 135,186 shares of company stock valued at $192,654 over the last three months. Company insiders own 47.59% of the company’s stock.

Institutional Trading of FiscalNote

A number of hedge funds and other institutional investors have recently made changes to their positions in NOTE. Vanguard Group Inc. boosted its stake in FiscalNote by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock valued at $5,529,000 after buying an additional 12,853 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of FiscalNote during the 2nd quarter valued at $26,000. Natixis acquired a new stake in shares of FiscalNote during the 1st quarter valued at $40,000. International Assets Investment Management LLC boosted its stake in shares of FiscalNote by 51.5% during the 1st quarter. International Assets Investment Management LLC now owns 109,200 shares of the company’s stock worth $136,000 after acquiring an additional 37,100 shares in the last quarter. Finally, PFG Investments LLC acquired a new position in shares of FiscalNote in the 1st quarter worth $61,000. 54.31% of the stock is currently owned by institutional investors.

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.