FiscalNote (NYSE:NOTE) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

FiscalNote Holdings, Inc. (NYSE:NOTE) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.06 and traded as high as $1.59. FiscalNote shares last traded at $1.45, with a volume of 4,061,482 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have commented on NOTE shares. B. Riley dropped their target price on shares of FiscalNote from $2.00 to $1.75 and set a “buy” rating on the stock in a report on Wednesday, November 13th. EF Hutton Acquisition Co. I raised shares of FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th. Finally, D. Boral Capital reiterated a “buy” rating and set a $3.50 target price on shares of FiscalNote in a report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $2.83.

FiscalNote Stock Down 5.9 %

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $192.77 million, a P/E ratio of -6.20 and a beta of 0.38. The firm’s 50 day moving average price is $1.09 and its two-hundred day moving average price is $1.22.

Hedge Funds Weigh In On FiscalNote

A number of large investors have recently modified their holdings of NOTE. Marshall Wace LLP bought a new stake in FiscalNote during the second quarter worth $608,000. Squarepoint Ops LLC increased its stake in shares of FiscalNote by 181.9% during the 2nd quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock worth $218,000 after purchasing an additional 96,457 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of FiscalNote in the 2nd quarter valued at about $26,000. International Assets Investment Management LLC lifted its stake in FiscalNote by 35.1% in the 3rd quarter. International Assets Investment Management LLC now owns 134,656 shares of the company’s stock valued at $172,000 after purchasing an additional 34,956 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in FiscalNote by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock worth $725,000 after purchasing an additional 21,811 shares during the period. 54.31% of the stock is currently owned by institutional investors and hedge funds.

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.