Maso Capital Partners Ltd. has recently announced that it has increased stake in FiscalNote Holdings Inc. (NYSE:NOTE) by 622.84%. After grabbing 28.91 million shares, the institutional investor is now in possession of 24.91 million shares of the Technology Company. The new investment brought the stake of investor firm to 23.53% having worth around $183.02 million. Moreover, Stonehill Capital Management LLC increased its share by 7.7 million to have a control over 7.7 million shares. And Comprehensive Financial Managemen raised its holdings to 1.01 million shares by acquiring 1.01 million shares or 0.82% of the stake.
FiscalNote Holdings Inc. (NOTE) concluded trading on 01/18/23 at a closing price of $5.07, with 0.22 million shares of worth about $1.13 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -49.15% during that period and on Wednesday the price saw a loss of about -11.21%. Currently the company’s common shares owned by public are about 131.19M shares, out of which, 98.96M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the NOTE stock and their offered price forecasts bring an average price target of $8.63. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $11.00 and could fall to a lowest price of $5.50. The stock’s current price level is 41.18% above of average price target set by the analysts, while a rise to estimated low would result in gain of 7.82% for the stock. However, touching the estimated high of $11.00 would mean a gain of 53.91% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 68 times over the past 12 months. They bought 46,011,175 shares in 49 of the transactions. In 19 selling transactions, insiders dumped 2,421,630 shares.
Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Schwab US Small Cap ETF are the top 3 mutual funds which are holding stakes in FiscalNote Holdings Inc. Vanguard Extended Market Index Fu is currently holding 0.93 million shares of worth totaling $5.9 million. The company recently came buying 13514.0 shares which brought its stake up to 0.76% of the company’s outstanding shares. Schwab US Small Cap ETF, after selling 0.31 million shares, have now control over 0.25% of the stake in the company. It holds 184.0 shares of worth $1.94 million.
FiscalNote Holdings Inc. (NYSE: NOTE) started trading at $5.70, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 5.93, or with a loss of -11.21%. Stock saw a price change of -8.15% in past 5 days and over the past one month there was a price change of -16.20%. Year-to-date (YTD), NOTE shares are showing a performance of -19.91% which decreased to -48.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.42 but also hit the highest price of $12.30 during that period. The average intraday trading volume for FiscalNote Holdings Inc. shares is 143.00K. The stock is currently trading -13.94% below its 20-day simple moving average (SMA20), while that difference is down -14.15% for SMA50 and it goes to -36.87% lower than SMA200.
Maso Capital Partners Ltd. acquired 28.91 million shares of FiscalNote Holdings Inc. having value of about $183.02 million. Data submitted at the U.S SEC by Maso Capital Partners Ltd. revealed that the firm now holds 24.91 million shares in the company valued at close to $126312616.17, or have control over 622.84% stake in the company. FiscalNote Holdings Inc. (NYSE: NOTE) currently have 131.19M outstanding shares and institutions hold larger chunk of about 40.30% of that. Holding of mutual funds in the company is about 15.72% while other institutional holders and individual stake holders have control over 31.63% and 1.64% of the stake respectively.
The stock has a current market capitalization of $666.30M. It has Quick Ratio of 1.70 while making debt-to-equity ratio of 0.88. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NOTE, volatility over the week remained 9.12% while standing at 12.27% over the month.
Analysts are in expectations that FiscalNote Holdings Inc. (NOTE) stock would likely to be making an EPS of -$0.13 in the current quarter, while forecast for next quarter EPS is -$0.09 and it is -$0.29 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.17 which is -$0.09 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -266.50% while it is estimated to increase by 74.50% in next year.
Analysts at 4 brokerage firms have issued recommendations for the FiscalNote Holdings Inc. (NOTE)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 4 Wall Street analysts, 3 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Coverage by BTIG Research stated FiscalNote Holdings Inc. (NOTE) stock as a Buy in their note to investors on August 30, 2022, suggesting a price target of $14 for the stock.