FiscalNote Holdings Inc. (NOTE) rating initates by B. Riley Securities


FiscalNote Holdings Inc.’s recently made public that its insider Hwang Tim unloaded Company’s shares for reported $0.14 million on Aug 31. In the deal valued at $2.19 per share,65,504 shares were sold. As a result of this transaction, Hwang Tim now holds 3,080,453 shares worth roughly $ 6.9 million.

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Then, Nilsson Keith sold 6,579 shares, generating $14,102 in total proceeds. Upon selling the shares at $2.14, the Director now owns 0 shares.

Before that, Hwang Tim sold 112,348 shares. FiscalNote Holdings Inc. shares valued at $258,221 were divested by the insider at a price of $2.30 per share. As a result of the transaction, Hwang Tim now holds 3,145,957 shares, worth roughly $7.05 million.

B. Riley Securities initiated its FiscalNote Holdings Inc. [NOTE] rating to a Buy in a research note published on Friday, July 26, 2023; the price target was $5. PT values the company’s stock at a premium of 55.2 to its Friday closing price.

Price Performance Review of NOTE

On Friday, FiscalNote Holdings Inc. [NYSE:NOTE] saw its stock jump 1.36% to $2.24. On the same session, the stock had its day’s lowest price of $2.10, but rose to a high of $2.31. Over the last five days, the stock has lost -6.67%. FiscalNote Holdings Inc. shares have fallen nearly -64.61% since the year began. Nevertheless, the stocks have fallen -71.50% over the past one year. While a 52-week high of $8.58 was reached on 01/10/23, a 52-week low of $1.31 was recorded on 03/23/23. SMA at 50 days reached $3.20, while 200 days put it at $3.43. A total of 0.44 million shares were traded, compared to the trading of 0.85 million shares in the previous session.

Levels Of Support And Resistance For NOTE Stock

The 24-hour chart illustrates a support level at 2.12, which if violated will result in even more drops to 2.01. On the upside, there is a resistance level at 2.33. A further resistance level may holdings at 2.43. The Relative Strength Index (RSI) on the 14-day chart is 33.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.62%. Stochastics %K at 13.93% indicates the stock is a buying.

How much short interest is there in FiscalNote Holdings Inc.?

A steep rise in short interest was recorded in FiscalNote Holdings Inc. stocks on Aug 14, 2023, growing by 100000.0 shares to a total of 6.01 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.91 million shares. There was a rise of 1.66%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 35.79% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.35.

FiscalNote Holdings Inc. [NOTE] – Who Are The Largest Shareholders?

In filings from Maso Capital Partners Ltd., it is revealed that the company now owns 28,913,731 shares, or roughly 23.01% of the outstanding NOTE shares.. Over the last quarter, BlackRock Fund Advisors purchased 3,097,670 shares of FiscalNote Holdings Inc., while Millennium Management LLC bought 993,296 shares. At present, Brown Advisory LLC is holding 1,495,803 shares valued at $4.91 million. Geode Capital Management LLC owned 1,334,217 shares of the company at the time of its most recent 13F filing, worth $4.38 million.

According to FactSet, FiscalNote Holdings Inc.’s share price will average $5.83 in the next year, based on opinions of analysts polled by the firm. This is up nearly 120.81 percent from its previous closing price of $2.21. Analysts expect FiscalNote Holdings Inc. stock to reach the higher price of $9.00, while the lowest price estimate is $2.75. However, 6 analysts have rated NOTE stock as a Buy in their predictions for 2023.


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