FiscalNote Holdings (NYSE:NOTE) Stock

FiscalNote Holdings

FiscalNote Holdings Inc is a provider of global policy and market intelligence solutions. Leveraging AI and analytics, it delivers actionable legal and policy insights for businesses, government institutions, and nonprofits. Its suite of products includes FiscalNote Core, CQ Federal, and EU Issue Tracker, facilitating effective policy management and risk mitigation. With expert analysis from FrontierView, Oxford Analytica, and Dragonfly Eye, it offers geopolitical and market intelligence services. Operating as one segment, it generates revenue by integrating policy intelligence into daily operations. Geographically the company generates the majority of its revenue from North America, Europe, Australia, and Asia, with the majority generated from North America.

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FiscalNote Holdings Inc (NYSE:NOTE) shares are trading higher Monday after the company announced a deal to divest two non-core assets for $40 million.

What&#39;s Going On With FiscalNote Holdings Stock Monday?

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FiscalNote Inks $40 Million Deal To Divest Two Non-Core Assets, Reducing Debt And Sharpening Core Focus

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FiscalNote Holdings, Inc. Class A common stock

FiscalNote Holdings Inc

FiscalNote Holdings, Inc. Warrants to purchase one share of Class A common stock, each at an exercise price of $11.50 per share

FiscalNote Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) shares are trading higher Monday after the company announced a deal to divest two non-core assets <a href="https://www.benzinga.com/news/asset-sales/25/02/43910981/fiscalnote-inks-40-million-deal-to-divest-two-non-core-assets-reducing-debt-and-sharpening-core-focus">for $40 million</a>.
What Happened: FiscalNote entered into a definitive agreement to divest two portfolio companies within its Global Intelligence business, Oxford Analytica and Dragonfly, to&nbsp;Dow Jones for a total consideration of $40 million. 
The deal will help FiscalNote reduce its senior term loan and strengthen its balance sheet while further simplifying the company&#8217;s business. The transaction is expected to close in the first quarter of 2025.
&#8220;This divestiture enables us to pay down a significant portion of our senior term loan, resulting in a cumulative paydown of more than&nbsp;60 percent&nbsp;in the past year,&#8221; said Josh Resnik, president and CEO of FiscalNote.
&#8220;Beyond strengthening our financial position, this move will streamline operations, expand Adjusted EBITDA margins, and accelerate our path to positive free cash flow. It also will further sharpen our focus on our core Policy solutions – including PolicyNote, our cutting-edge AI-powered policy management solution – to drive growth.&#8221;
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FiscalNote also announced that it engaged former head of contracts for Palantir&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) U.S. government vertical John Lee as a senior strategic advisor.
Lee is expected to help support FiscalNote&#8217;s mission to provide the public sector with AI and data-driven solutions that enhance operational efficiency, responsiveness and decision-making.
&#8220;FiscalNote empowers government entities to operate more efficiently by driving cost savings, improved transparency, and better outcomes for taxpayers,&#8221; Resnik said.
&#8220;John&#8217;s expertise in bringing next-generation technology to the federal government aligns perfectly with FiscalNote&#8217;s ongoing efforts to empower decision-makers with efficient, AI-powered insights that streamline and optimize complex government operations.&#8221;&nbsp;
NOTE Price Action: <a href="http://benzinga.com/quote/note">FiscalNote shares</a> were up 1.79% at $1.42 at the time of publication Monday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
This illustration was generated using artificial intelligence via Midjourney.

What's Going On With FiscalNote Holdings Stock Monday?

FiscalNote Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) shares are trading higher premarket on Monday after the company disclosed a deal to divest two portfolio companies, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b43908745/fiscalnote-announces-definitive-agreement-to-divest-additional-non-core-assets-to-fuel-policy-focu" rel="noreferrer noopener">Oxford Analytica and Dragonfly</a>, from its Global Intelligence division to Dow Jones, a division of News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>) for $40 million.
The sale reflects FiscalNote's ongoing strategy to concentrate on its core Policy platform.
The net proceeds from the sale will allow FiscalNote to return capital, reducing its senior term loan<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> and enhancing its balance sheet</a>.
This move simplifies the business, minimizing complexity while boosting productivity, efficiency, and profitability.
News Corp anticipates receiving a $4 million tax <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43908747/dow-jones-to-acquire-dragonfly-intelligence-and-oxford-analytica-from-fiscalnote" rel="noreferrer noopener">benefit as part of the transaction</a>.
The transaction is expected to close in the first quarter of 2025, pending antitrust clearance in Austria and other customary conditions.
Josh Resnik, FiscalNote&#8217;s CEO &amp; President, said, &#8220;This divestiture enables us to pay down a significant portion of our senior term loan, resulting in a cumulative paydown of more than 60 percent in the past year. Beyond strengthening our financial position, this move will streamline operations, expand Adjusted EBITDA margins, and accelerate our path to positive free cash flow.&#8221;
Almar Latour, CEO of Dow Jones and Publisher of The Wall Street Journal added, &#8220;The additions of Dragonfly and Oxford&nbsp;Analytica to our business will allow us to further support our customers in assessing geopolitical risks, building on the news, data, analysis and&nbsp;convening&nbsp;power we already provide through our Dow Jones Risk &amp; Compliance service and our daily news coverage.&#8221;
As of December end, News Corp held cash and <a target="_blank" href="https://www.benzinga.com//node/43509948" rel="noreferrer noopener">equivalents of $1.75 billion</a>.
Also, FiscalNote announced the engagement of John Lee, former Head of Contracts for Palantir&#8216;s U.S. Government Vertical, <a target="_blank" href="https://www.benzinga.com//node/43908843" rel="noreferrer noopener">as a Senior Strategic Advisor.</a>
Price Action: NOTE shares are up 13.3% at $1.585 premarket at the last check Monday.
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Image sourced from Shutterstock.

The acquisition is expected to close in the first quarter of 2025 and is subject to regulatory approval in Austria and customary closing conditions. Dow Jones's parent company, News Corp, expects to receive a $4 million tax benefit in connection with the transaction.

NWSA

Dow Jones Agrees To Acquire Dragonfly Intelligence And Oxford Analytica From FiscalNote For $40M

<h3>Gainers</h3>
<ul>
<li>Dnow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) shares moved upwards by 25.7% to $17.77 during Thursday's pre-market session. The market value of their outstanding shares is at $1.8 billion. As per the press release, Q4 earnings came out today. </li>
<li>Turbo Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TURB#NASDAQ">TURB</a>) shares rose 16.51% to $2.54. The market value of their outstanding shares is at $27.9 million. </li>
<li>Professional Diversity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPDN#NASDAQ">IPDN</a>) shares moved upwards by 13.37% to $0.43. The market value of their outstanding shares is at $6.7 million. </li>
<li>Eshallgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHGO#NASDAQ">EHGO</a>) shares rose 11.8% to $1.21. The company's market cap stands at $30.7 million. </li>
<li>ConnectM Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTM#NASDAQ">CNTM</a>) shares rose 9.17% to $1.07. The market value of their outstanding shares is at $31.1 million. </li>
<li>FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) stock rose 8.58% to $2.02. The company's market cap stands at $292.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>GXO Logistics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXO#NYSE">GXO</a>) stock decreased by 18.1% to $35.02 during Thursday's pre-market session. The market value of their outstanding shares is at $4.1 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Li Bang International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBGJ#NASDAQ">LBGJ</a>) shares decreased by 16.67% to $1.75. The market value of their outstanding shares is at $32.8 million. </li>
<li>GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) stock fell 16.52% to $70.0. The market value of their outstanding shares is at $2.7 billion. </li>
<li>Mynaric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYNA#NASDAQ">MYNA</a>) shares decreased by 16.13% to $0.52. The market value of their outstanding shares is at $13.1 million. </li>
<li>Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) shares fell 13.77% to $79.45. The company's market cap stands at $3.9 billion. The company's, Q4 earnings came out today. </li>
<li>Antelope Ent Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) stock declined by 13.11% to $0.13. The company's market cap stands at $4.2 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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General

FiscalNote Regains Compliance With NYSE Continued Listing Standard For Minimum Share Price

Analysts' ratings for FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) over the last quarter vary from bullish to bearish, as provided by 5 analysts.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $3.15, a high estimate of $3.50, and a low estimate of $1.75. Highlighting a 1.56% decrease, the current average has fallen from the previous average price target of $3.20. 
<img src="https://www.benzinga.com/files/images/story/2025/1737032469_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of FiscalNote Holdings among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jesse Sobelson</td>
<td>D. Boral Capital</td>
<td>Maintains</td>
<td>Buy</td>
<td>$3.50</td>
<td>$3.50</td>
</tr>
<tr>
<td>Jesse Sobelson</td>
<td>D. Boral Capital</td>
<td>Maintains</td>
<td>Buy</td>
<td>$3.50</td>
<td>$3.50</td>
</tr>
<tr>
<td>Zach Cummings</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$1.75</td>
<td>$2.00</td>
</tr>
<tr>
<td>Jesse Sobelson</td>
<td>EF Hutton</td>
<td>Maintains</td>
<td>Buy</td>
<td>$3.50</td>
<td>$3.50</td>
</tr>
<tr>
<td>Jesse Sobelson</td>
<td>EF Hutton</td>
<td>Maintains</td>
<td>Buy</td>
<td>$3.50</td>
<td>$3.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to FiscalNote Holdings. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of FiscalNote Holdings compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of FiscalNote Holdings's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of FiscalNote Holdings's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/NOTE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on FiscalNote Holdings analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know FiscalNote Holdings Better</h2>
FiscalNote Holdings Inc is a provider of global policy and market intelligence solutions. Leveraging AI and analytics, it delivers actionable legal and policy insights for businesses, government institutions, and nonprofits. Its suite of products includes FiscalNote Core, CQ Federal, and EU Issue Tracker, facilitating effective policy management and risk mitigation. With expert analysis from FrontierView, Oxford Analytica, and Dragonfly Eye, it offers geopolitical and market intelligence services. Operating as one segment, it generates revenue by integrating policy intelligence into daily operations. Geographically the company generates the majority of its revenue from North America, Europe, Australia, and Asia, with the majority generated from North America.
<h3>A Deep Dive into FiscalNote Holdings's Financials</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: FiscalNote Holdings's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -13.44%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: FiscalNote Holdings's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -50.73%, the company may face hurdles in effective cost management.
Return on Equity (ROE): FiscalNote Holdings's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -14.54%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): FiscalNote Holdings's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -4.37%, the company may face hurdles in achieving optimal financial returns.
Debt Management: FiscalNote Holdings's debt-to-equity ratio surpasses industry norms, standing at 1.83. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Where FiscalNote Holdings Stands With Analysts

D. Boral Capital analyst Jesse Sobelson maintains FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) with a Buy and maintains $3.5 price target.

Price Target

D. Boral Capital Maintains Buy on FiscalNote Holdings, Maintains $3.5 Price Target

FiscalNote Launches AI-Driven PolicyNote, A Policy Management Solution For Global Organizations

<h3>Gainers</h3>
<ul>
<li>New Horizon Aircraft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOVR#NASDAQ">HOVR</a>) stock increased by 22.3% to $0.75 during Monday's pre-market session. The market value of their outstanding shares is at $18.4 million. </li>
<li>Palladyne AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDYN#NASDAQ">PDYN</a>) stock increased by 18.98% to $4.2. The company's market cap stands at $126.4 million. </li>
<li>Sidus Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) stock increased by 15.15% to $4.56. The market value of their outstanding shares is at $39.6 million. </li>
<li>Turbo Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TURB#NASDAQ">TURB</a>) shares increased by 15.06% to $1.93. The company's market cap stands at $21.2 million. </li>
<li>FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) shares rose 11.7% to $1.24. The company's market cap stands at $179.4 million. </li>
<li>Samfine Creation Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFHG#NASDAQ">SFHG</a>) stock rose 11.59% to $0.77. The company's market cap stands at $17.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Wilhelmina International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLM#NASDAQ">WHLM</a>) stock fell 17.2% to $3.42 during Monday's pre-market session. The market value of their outstanding shares is at $17.6 million. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares declined by 8.63% to $0.44. The company's market cap stands at $8.5 million. </li>
<li>Timken (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKR#NYSE">TKR</a>) shares decreased by 8.62% to $65.46. The market value of their outstanding shares is at $4.5 billion. </li>
<li>Azul (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZUL#NYSE">AZUL</a>) shares declined by 8.39% to $1.64. The company's market cap stands at $190.1 million. </li>
<li>Dnow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) shares fell 7.61% to $11.91. The company's market cap stands at $1.2 billion. </li>
<li>Shimmick (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIM#NASDAQ">SHIM</a>) stock fell 6.92% to $2.29. The market value of their outstanding shares is at $77.3 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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FiscalNote Holdings shares are trading higher after the company announced new customer wins, renewals and expansion in the U.S. public sector.

<h2>FiscalNote Announces New Customer Wins, Renewals, and Expansions in the U.S. Public Sector</h2>
Business Wire
Diversity, Breadth, and Scope of U.S. Federal Customer Base - Covering Major Departments, Agencies, and Commissions Across All Three Government Branches - Continues to Serve as a Core, Strong and Stable Component of Company's Business
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.fiscalnote.com&amp;esheet=54159663&amp;newsitemid=20241202432581&amp;lan=en-US&amp;anchor=FiscalNote+Holdings%2C+Inc.&amp;index=1&amp;md5=b81a5edfa1dcf1a9cf54f1472406a542">FiscalNote Holdings, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, today announced a broad series of customer agreements across the U.S. public sector to include all three branches of the federal government, demonstrating the extent to which the Company's suite of award-winning products and services is relied upon by key government decision makers for monitoring, tracking, and analysis of federal policymaking and regulatory activity.
FiscalNote's latest customer momentum announcement includes new customer wins, significant renewals of existing accounts, as well as the expansion of agreements - which provide additional products and services to current customers who are leveraging the company's growing portfolio of offerings.
"Our broad and diverse base of public sector customers across all branches of the U.S. Federal government continues to rely on FiscalNote to be their trusted and essential partner," said Josh Resnik, President and Chief Operating Officer, FiscalNote. "By leveraging our AI-powered suite of products and services, as well as our expert advisory and news analysis, U.S. government decision makers - including lawmakers and their legislative staff, agency and department officials, regulators, and the judicial branch - are positioned to better understand and successfully navigate the complex and evolving policymaking domain to advance their policy objectives and become even more productive and efficient. FiscalNote's U.S. public sector customer base continues to be strong and diversified, and we take great pride in being a critical component in making government more effective, more responsive, and better informed."
Recent U.S. public sector contract wins, expansions, and renewals include, but are not limited to&#x2A;, the following:
<ul>
<li>Major Executive Branch Customers, including:</li>
</ul>
- The White House: Executive Office of the President, National Security Council, Office of Management &amp; Budget (OMB), Office of National Drug Control Policy. - Major Federal Departments: U.S. Department of the Treasury, U.S. Department of Health &amp; Human Services, U.S. Department of Justice, U.S. Department of Labor, U.S. Department of State, U.S. Department of Energy, U.S. Department of the Interior, U.S. Department of Agriculture, U.S. Department of Transportation, U.S. Department of Defense, U.S. Department of Homeland Security, Environmental Protection Agency, U.S. Department of Housing &amp; Urban Development, U.S. Department of Veterans Affairs. - Major Federal Agencies/Administrations: National Aeronautics and Space Administration (NASA), The Federal Reserve Board, U.S. Social Security Administration (SSA), Internal Revenue Service (IRS), Federal Bureau of Investigations (FBI), Federal Emergency Management Agency (FEMA), Food and Drug Administration (FDA), Drug Enforcement Administration (DEA), Federal Aviation Administration (FAA), U.S. Agency for International Development (USAID), Centers for Disease Control (CDC), National Institutes of Health (NIH), Consumer Financial Protection Bureau, Immigration &amp; Customs Enforcement (ICE), U.S. Secret Service, National Oceanic &amp; Atmospheric Administration (NOAA), U.S. Census Bureau. - Major Federal Commissions: Federal Communications Commission (FCC), Federal Election Commission (FEC), Nuclear Regulatory Commission, Federal Deposit Insurance Commission (FDIC), Commodity Futures Trading Commission (CFTC). - Other Major Federal: U.S. Postal Service, Peace Corps, Amtrak, Office of Personnel Management.
<ul>
<li>Major Legislative Branch Customers, including:</li>
</ul>
Congressional Research Service Congressional Budget Office (CBO) Architect of the U.S. Capitol Library of Congress U.S. Capitol Police Office of the Clerk, U.S. House of Representatives
<ul>
<li>Major Judicial Branch Customers, including:</li>
</ul>
U.S. Supreme Court U.S. Court of Appeals
In addition, FiscalNote continues to serve its significant global public sector customer base outside the U.S. - including the key markets of North America, South America, Europe, the Middle East, and the Asia-Pacific region - where the company and its products provide support and services to governments, diplomatic entities and embassies, agencies and organizations for international cooperation and defense, parliaments and councils, government-owned or funded finance and banking institutions, and various prominent ministries and cabinet offices in capitals around the world.
&#x2A; Today's announcement of U.S. public sector customer agreements is a sample of contracts secured by the Company, and not a complete list.

FiscalNote Secures New Wins, Renewals, And Expansions Across All U.S. Federal Government Branches, Strengthening Its Role As A Partner For Policymaking And Regulatory Intelligence

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Ffiscalnote.com&amp;esheet=54159256&amp;newsitemid=20241129439801&amp;lan=en-US&amp;anchor=FiscalNote+Holdings%2C+Inc.&amp;index=1&amp;md5=1f6817162c7559ba6bb6bb350103f512">FiscalNote Holdings, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) ("FiscalNote" or the "Company"), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, announced today that it received notification from the New York Stock Exchange ("NYSE") on November 25, 2024 that FiscalNote is no longer in compliance with the NYSE continued listing standard that requires listed companies to maintain an average closing share price of at least USD $1.00 over a consecutive 30 trading-day period. FiscalNote is in compliance with all other NYSE continued listing standards.

FiscalNote Receives Non-Compliance Listing Standard Notice From NYSE

B. Riley Securities analyst Zach Cummings maintains FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) with a Buy and lowers the price target from $2 to $1.75.

B. Riley Securities Maintains Buy on FiscalNote Holdings, Lowers Price Target to $1.75

FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) lowers FY2024 sales outlook from $121.00 million to $120.00 million.

Guidance

FiscalNote Holdings Lowers FY2024 Sales Guidance from $121.00M to $120.00M

FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) sees Q4 sales of $29.000 million vs $30.59 million estimate.

FiscalNote Holdings Sees Q4 Sales $29.000M vs $30.59M Est

Tim Hwang to Transition to Executive Chairman and Josh Resnik, Current President &amp; COO, to Become Chief Executive Officer Effective January 1, 2025
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Ffiscalnote.com&amp;esheet=54151355&amp;newsitemid=20241112425708&amp;lan=en-US&amp;anchor=FiscalNote+Holdings%2C+Inc.&amp;index=1&amp;md5=eef08e5ccd9c09f494af58f6173a9f26">FiscalNote Holdings, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) ("FiscalNote"), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, today announced a leadership succession whereby Tim Hwang, the company's current Chairman, Chief Executive Officer, and Co-founder, will transition to Executive Chairman after nearly 12 years as Chief Executive Officer. The Board of Directors has appointed Hwang as Executive Chairman and appointed Josh Resnik, the company's current President and Chief Operating Officer, as Chief Executive Officer, each effective January 1, 2025.
Hwang will continue his commitment to the company's vision and success in his new role as Executive Chairman, where he will focus on strategic initiatives and the continuity of FiscalNote's mission as it enters its next phase of growth. As President and Chief Operating Officer, Resnik has been instrumental in advancing FiscalNote's product strategy and operational effectiveness, and he brings years of proven experience and results to his new role as CEO; he will retain his position as President of the Company as well.

Management

FiscalNote Announces Tim Hwang To Transition To Executive Chairman And Josh Resnik, Current President & COO, To Become Chief Executive Officer Effective January 1, 2025

FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) reported quarterly losses of $(0.11) per share which missed the analyst consensus estimate of $(0.10) by 10 percent. This is unchanged from the same period last year. The company reported quarterly sales of $29.44 million which beat the analyst consensus estimate of $29.00 million by 1.51 percent. This is a 13.44 percent decrease over sales of $34.01 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

FiscalNote Holdings Q3 EPS $(0.11) Misses $(0.10) Estimate, Sales $29.44M Beat $29.00M Estimate

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Earnings Scheduled For November 12, 2024

FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for FiscalNote Holdings, presenting an average target of $3.01, a high estimate of $5.00, and a low estimate of $1.05. This current average represents a 9.34% decrease from the previous average price target of $3.32. 
<img src="https://www.benzinga.com/files/images/story/2024/1730480409_0_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of FiscalNote Holdings by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jesse Sobelson</td>
<td>EF Hutton</td>
<td>Maintains</td>
<td>Buy</td>
<td>$3.50</td>
<td>$3.50</td>
</tr>
<tr>
<td>Jesse Sobelson</td>
<td>EF Hutton</td>
<td>Maintains</td>
<td>Buy</td>
<td>$3.50</td>
<td>$3.50</td>
</tr>
<tr>
<td>Zach Cummings</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$2.00</td>
<td>$2.25</td>
</tr>
<tr>
<td>Michael Latimore</td>
<td>Northland Capital Markets</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$5.00</td>
<td>$6.00</td>
</tr>
<tr>
<td>Rudy Kessinger</td>
<td>DA Davidson</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$1.05</td>
<td>$1.35</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to FiscalNote Holdings. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of FiscalNote Holdings compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of FiscalNote Holdings's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of FiscalNote Holdings's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/NOTE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on FiscalNote Holdings analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into FiscalNote Holdings's Background</h2>
FiscalNote Holdings Inc is a provider of global policy and market intelligence solutions. Leveraging AI and analytics, it delivers actionable legal and policy insights for businesses, government institutions, and nonprofits. Its suite of products includes FiscalNote Core, CQ Federal, and EU Issue Tracker, facilitating effective policy management and risk mitigation. With expert analysis from FrontierView, Oxford Analytica, and Dragonfly Eye, it offers geopolitical and market intelligence services. Operating as one segment, it generates revenue by integrating policy intelligence into daily operations. Geographically the company generates the majority of its revenue from North America, Europe, Australia, and Asia, with the majority generated from North America.
<h3>FiscalNote Holdings: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: FiscalNote Holdings's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -10.95%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: FiscalNote Holdings's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -43.64%, the company may face hurdles in effective cost management.
Return on Equity (ROE): FiscalNote Holdings's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -11.99%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): FiscalNote Holdings's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -3.63%, the company may face hurdles in achieving optimal financial returns.
Debt Management: FiscalNote Holdings's debt-to-equity ratio stands notably higher than the industry average, reaching 1.63. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About FiscalNote Holdings Stock

EF Hutton analyst Jesse Sobelson maintains FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) with a Buy and maintains $3.5 price target.

EF Hutton Maintains Buy on FiscalNote Holdings, Maintains $3.5 Price Target

Press Releases

FiscalNote Announces Essential Post-Election Toolkit for Government Relations and Corporate Affairs

FiscalNote to Participate at Upcoming Investor Conferences

FiscalNote's AI-Powered Local Legal and Regulatory Coverage Hits New Milestones: Now Exceeds 5 Million Policy Documents in Its Proprietary Database and the Highest Number of Tracked Localities in the U.S.

Global Fintech and Financial Industry Enterprises Choose FiscalNote as Their Essential Partner to Navigate Complex Policy and Regulatory Challenges

FiscalNote Announces Update to Board of Directors

FiscalNote Unveils PolicyNote: The Future of AI-Powered Policy Solutions

FiscalNote Regains Compliance With NYSE Continued Listing Standard

FiscalNote Announces Definitive Agreement to Divest Additional Non-Core Assets to Fuel Policy-Focused Growth, Boost Profitability, and Strengthen Balance Sheet

Dow Jones to Acquire Dragonfly Intelligence and Oxford Analytica from FiscalNote

FiscalNote Engages Palantir's Former Head of Federal Contracting John Lee to Support the Implementation of the Company's Market-Leading AI & Tech Solutions to Accelerate Government Efficiencies

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