FiscalNote (NYSE:NOTE) Releases Quarterly Earnings Results, Meets Expectations

FiscalNote (NYSE:NOTE) announced its earnings results on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.10), Zacks reports. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. FiscalNote updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

FiscalNote Trading Down 7.4 %

NYSE:NOTE traded down $0.08 during mid-day trading on Thursday, hitting $0.96. The company had a trading volume of 1,892,953 shares, compared to its average volume of 4,276,824. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 0.81. FiscalNote has a fifty-two week low of $0.75 and a fifty-two week high of $2.07. The firm has a market cap of $135.99 million, a P/E ratio of -4.38 and a beta of 0.40. The business’s fifty day moving average is $1.34 and its two-hundred day moving average is $1.17.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NOTE shares. D. Boral Capital increased their target price on shares of FiscalNote from $3.50 to $3.75 and gave the company a “buy” rating in a research note on Tuesday, February 25th. B. Riley cut their price target on shares of FiscalNote from $2.00 to $1.75 and set a “buy” rating for the company in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, FiscalNote currently has a consensus rating of “Buy” and an average target price of $2.89.

Insider Transactions at FiscalNote

In other news, Director Tim Hwang sold 56,795 shares of FiscalNote stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $1.22, for a total transaction of $69,289.90. Following the transaction, the director now owns 2,237,129 shares in the company, valued at $2,729,297.38. The trade was a 2.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 122,719 shares of company stock worth $146,099. 41.75% of the stock is currently owned by company insiders.

Institutional Trading of FiscalNote

An institutional investor recently raised its position in FiscalNote stock. Bank of America Corp DE lifted its stake in shares of FiscalNote Holdings, Inc. (NYSE:NOTE) by 51.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,042 shares of the company’s stock after acquiring an additional 16,675 shares during the period. Bank of America Corp DE’s holdings in FiscalNote were worth $52,000 at the end of the most recent quarter. 54.31% of the stock is 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.