FiscalNote (NOTE) Scheduled to Post Earnings on Tuesday

FiscalNote (NYSE:NOTE) is set to issue its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

FiscalNote (NYSE:NOTE) last announced its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The business had revenue of $29.25 million for the quarter, compared to analyst estimates of $29.05 million. FiscalNote had a negative return on equity of 115.06% and a negative net margin of 36.20%. During the same period in the prior year, the company 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

Shares of NYSE NOTE opened at $0.93 on Monday. The firm has a market capitalization of $130.26 million, a P/E ratio of -4.25 and a beta of 0.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36. The stock’s 50-day simple moving average is $1.15 and its two-hundred day simple moving average is $1.34. FiscalNote has a twelve month low of $0.65 and a twelve month high of $2.27.

Insider Transactions at FiscalNote

In other news, CEO Tim Hwang sold 22,186 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 2,471,867 shares of the company’s stock, valued at approximately $2,916,803.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 122,923 shares of company stock valued at $152,857. Corporate insiders own 47.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NOTE shares. EF Hutton Acquisition Co. I upgraded FiscalNote to a “strong-buy” rating in a research note on Monday, October 28th. DA Davidson cut their price objective on FiscalNote from $1.35 to $1.05 and set a “neutral” rating for the company in a report on Friday, August 9th. B. Riley cut their price objective on FiscalNote from $2.25 to $2.00 and set a “buy” rating for the company in a report on Monday, August 12th. Finally, Northland Securities cut their price objective on FiscalNote from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $2.68.

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.