Key Points
- Tim Hwang sold 5,590 shares of FiscalNote at an average price of $1.91 on Dec. 2, reducing his position by 2.7% to 201,205 shares worth about $384,300.
- FiscalNote shares are trading around $2.03 (below their 50- and 200-day moving averages) after the company reported a miss with ($1.73) EPS
- Analyst and institutional views are mixed: the consensus rating is a “Moderate Buy” with an average target of $29.25, though several firms have issued sell/downgrade notes and institutional investors own about 54% of the stock.
FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) Director Tim Hwang sold 5,590 shares of the firm's stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $1.91, for a total value of $10,676.90. Following the sale, the director directly owned 201,205 shares of the company's stock, valued at approximately $384,301.55. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Tim Hwang also recently made the following trade(s):
- On Thursday, November 6th, Tim Hwang sold 7,695 shares of FiscalNote stock. The shares were sold at an average price of $2.59, for a total value of $19,930.05.
- On Wednesday, October 1st, Tim Hwang sold 4,766 shares of FiscalNote stock. The stock was sold at an average price of $4.80, for a total value of $22,876.80.
FiscalNote Trading Down 3.6%
NYSE NOTE traded down $0.08 during trading hours on Friday, reaching $2.03. The company had a trading volume of 69,013 shares, compared to its average volume of 250,056. The stock has a 50-day moving average of $3.60 and a 200 day moving average of $5.66. The stock has a market capitalization of $31.81 million, a P/E ratio of -0.48 and a beta of 0.58. FiscalNote Holdings, Inc. has a 1-year low of $1.88 and a 1-year high of $24.36. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.66.
FiscalNote (NYSE:NOTE - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($1.73) earnings per share for the quarter, missing analysts' consensus estimates of ($0.84) by ($0.89). FiscalNote had a negative return on equity of 75.96% and a negative net margin of 54.31%.The company had revenue of $22.43 million for the quarter, compared to analysts' expectations of $22.83 million. As a group, research analysts anticipate that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on NOTE shares. D. Boral Capital reissued a "buy" rating and set a $45.00 target price on shares of FiscalNote in a research note on Tuesday, August 12th. Weiss Ratings reissued a "sell (e+)" rating on shares of FiscalNote in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of FiscalNote from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $29.25.
Check Out Our Latest Research Report on NOTE
Institutional Trading of FiscalNote
A number of large investors have recently made changes to their positions in the company. Two Sigma Investments LP purchased a new stake in FiscalNote during the 3rd quarter worth about $64,000. Raymond James Financial Inc. increased its stake in FiscalNote by 4,900.0% in the third quarter. Raymond James Financial Inc. now owns 15,000 shares of the company's stock valued at $69,000 after purchasing an additional 14,700 shares during the last quarter. Bank of America Corp DE raised 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 worth $52,000 after purchasing an additional 16,675 shares in the last quarter. R Squared Ltd purchased a new stake in shares of FiscalNote during the 2nd quarter worth approximately $27,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of FiscalNote in the 1st quarter valued at $40,000. 54.31% of the stock is currently owned by hedge funds and other institutional investors.
About FiscalNote
(
Get Free Report)
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.
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