FiscalNote (NOTE) to Release Quarterly Earnings on Tuesday

FiscalNote (NYSE:NOTE) will release its earnings data after the market closes on Tuesday, November 12th. Analysts expect FiscalNote to post earnings of ($0.10) per share for the quarter. FiscalNote has set its Q3 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

FiscalNote (NYSE:NOTE) last released its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. The company had revenue of $29.25 million for the quarter, compared to analyst estimates of $29.05 million. FiscalNote had a negative net margin of 36.20% and a negative return on equity of 115.06%. During the same period in the prior year, the firm earned ($0.23) EPS. On average, analysts expect FiscalNote to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

FiscalNote Price Performance

NOTE stock traded up $0.04 during midday trading on Tuesday, hitting $0.89. The stock had a trading volume of 160,004 shares, compared to its average volume of 666,269. FiscalNote has a 12-month low of $0.65 and a 12-month high of $2.27. The company’s 50-day moving average price is $1.17 and its 200 day moving average price is $1.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. EF Hutton Acquisition Co. I upgraded FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th. Northland Securities decreased their target price on shares of FiscalNote from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. DA Davidson decreased their price target on shares of FiscalNote from $1.35 to $1.05 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, B. Riley reduced their target price on FiscalNote from $2.25 to $2.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2.68.

Insider Activity

In related news, CEO Tim Hwang sold 22,186 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $1.18, for a total value of $26,179.48. Following the completion of the sale, the chief executive officer now directly owns 2,471,867 shares in the company, valued at approximately $2,916,803.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 126,069 shares of company stock valued at $157,261. Company insiders own 47.59% 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.