Stocks of FiscalNote Holdings Inc. (NYSE:NOTE) traded higher last session on Wall Street, up 1.36% to $2.24.
NOTE stock price is now -30.37% away from the 50-day moving average and -35.10% away from the 200-day moving average. The market capitalization of the company currently stands at $284.39M.
With the price target of $5, B. Riley Securities recently initiated with Buy rating for FiscalNote Holdings Inc. (NYSE: NOTE).
In other news, Hwang Tim, insider sold 65,504 shares of the company’s stock on Aug 31. The stock was sold for $143,631 at an average price of $2.19. Upon completion of the transaction, the insider now directly owns 3,080,453 shares in the company, valued at $6.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 31, Director Nilsson Keith sold 6,579 shares of the business’s stock. A total of $14,102 was realized by selling the stock at an average price of $2.14. Insiders disposed of 2,795,594 shares of company stock worth roughly $6.26 million over the past 1 year. A total of 1.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NOTE stock. A new stake in FiscalNote Holdings Inc. shares was purchased by NUVEEN ASSET MANAGEMENT, LLC during the first quarter worth $743,000. MILLRACE ASSET GROUP, INC. invested $528,000 in shares of NOTE during the first quarter. In the first quarter, ACCOMPLICE MANAGEMENT, LLC acquired a new stake in FiscalNote Holdings Inc. valued at approximately $451,000. ALPHACENTRIC ADVISORS LLC acquired a new stake in NOTE for approximately $448,000. MARSHALL WACE, LLP purchased a new stake in NOTE valued at around $238,000 in the second quarter. In total, there are 50 active investors with 40.30% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $2.2200 for FiscalNote Holdings Inc. (NYSE: NOTE). During the past 12 months, FiscalNote Holdings Inc. has had a low of $1.31 and a high of $8.58. As of last week, the company has a debt-to-equity ratio of 2.29, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for NOTE is $3.1982 and a two-hundred day moving average price translates $3.4343 for the stock.
The latest earnings results from FiscalNote Holdings Inc. (NYSE: NOTE) was released for Jun, 2023. According to the Information Technology Services Company, earnings per share came in at -$0.23, missing analysts’ expectations of -$0.13 by -0.1. This compares to -$2.02 EPS in the same period last year. The company reported revenue of $32.84 million for the quarter, compared to $27.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.86 percent. For the current quarter, analysts expect NOTE to generate $34.61M in revenue.
FiscalNote Holdings Inc.(NOTE) Company Profile
FiscalNote Holdings, Inc. operates as technology company. It combines artificial intelligence technology, machine learning, and other technologies with analytics, workflow tools, and expert research. The company 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. It serves a customer base that includes businesses comprising the Fortune 100 companies, government agencies, law firms, professional services organizations, trade groups, and non-profits. The company is headquartered in Washington, District of Columbia.
