LADENBURG THALM/SH SH Lowers FiscalNote (NYSE:NOTE) Price Target to $9.75

FiscalNote (NYSE:NOTE) had its price objective dropped by investment analysts at LADENBURG THALM/SH SH from $11.00 to $9.75 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of FiscalNote in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.38.

FiscalNote Stock Down 62.3%

NOTE stock traded down $0.33 during trading on Thursday, reaching $0.20. 540,743 shares of the stock were exchanged, compared to its average volume of 664,723. The firm’s 50 day moving average is $1.14 and its 200 day moving average is $2.46. FiscalNote has a twelve month low of $0.11 and a twelve month high of $11.04. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.66. The firm has a market cap of $3.14 million, a P/E ratio of -0.04 and a beta of 0.62.

FiscalNote (NYSE:NOTE) last announced its quarterly earnings results on Thursday, March 19th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.67) by $0.01. The business had revenue of $22.20 million for the quarter, compared to analyst estimates of $22.40 million. FiscalNote had a negative return on equity of 74.45% and a negative net margin of 68.39%. As a group, research analysts forecast that FiscalNote will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in FiscalNote by 51.5% during the fourth quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock valued at $52,000 after purchasing an additional 16,675 shares during the period. Goldman Sachs Group Inc. raised its holdings in FiscalNote by 8.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company’s stock valued at $384,000 after acquiring an additional 35,984 shares during the period. Focus Partners Wealth lifted its position in shares of FiscalNote by 830.9% during the first quarter. Focus Partners Wealth now owns 800,033 shares of the company’s stock worth $647,000 after acquiring an additional 714,091 shares in the last quarter. Marshall Wace LLP bought a new position in shares of FiscalNote in the second quarter worth $232,000. Finally, NewEdge Advisors LLC grew its holdings in FiscalNote by 617.6% during the 2nd quarter. NewEdge Advisors LLC now owns 268,094 shares of the company’s stock valued at $144,000 after buying an additional 230,733 shares in the last quarter. 54.31% of the stock is owned by institutional investors.

About FiscalNote

FiscalNote is a technology and data services company specializing in government and regulatory intelligence. Founded in 2013 by Timothy Hwang, Gerald Yao and Jonathan Chen, the company is headquartered in Washington, DC, with additional offices in New York, Brussels, London, Singapore and Hong Kong. FiscalNote went public in March 2021 through a special-purpose acquisition company (SPAC) merger and is listed on the New York Stock Exchange under the ticker NOTE.

The company’s flagship software-as-a-service platform aggregates legislative and regulatory data from jurisdictions around the world, combining that information with AI-driven analytics and expert commentary.