ON24 (NYSE:ONTF) Releases FY 2025 Earnings Guidance

Key Points

• ON24 has provided updated FY 2025 earnings guidance, projecting earnings per share (EPS) between 0.020-0.050 and revenue between $137.7 million-$138.7 million, slightly above analysts' consensus estimates.
• The company's shares traded down 3.7% to $4.75 following the announcement, with a market capitalization of $201.76 million.
• Several analysts lowered their price targets on ON24 shares, with Canaccord Genuity now setting a target of $5.00, indicating a consensus rating of "Hold" with an average price target of $5.33.

ON24 (NYSE:ONTF - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.020-0.050 for the period, compared to the consensus estimate of 0.028. The company issued revenue guidance of $137.7 million-$138.7 million, compared to the consensus revenue estimate of $137.3 million. ON24 also updated its Q3 2025 guidance to 0.000-0.020 EPS.

Analyst Ratings Changes

Several analysts have issued reports on ONTF shares. Canaccord Genuity Group decreased their price target on shares of ON24 from $9.00 to $5.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Robert W. Baird decreased their target price on shares of ON24 from $7.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $5.33.

ON24 Trading Down 3.7%

Shares of ONTF traded down $0.18 on Thursday, reaching $4.75. 145,950 shares of the company's stock were exchanged, compared to its average volume of 156,916. The stock has a market capitalization of $201.76 million, a P/E ratio of -4.95 and a beta of 0.65. The business has a 50 day moving average price of $5.32 and a two-hundred day moving average price of $5.50. ON24 has a 12 month low of $4.35 and a 12 month high of $7.03.

ON24 (NYSE:ONTF - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.16). ON24 had a negative net margin of 27.68% and a negative return on equity of 22.90%. Equities research analysts predict that ON24 will post -0.81 EPS for the current year.

ON24 declared that its board has authorized a stock buyback plan on Monday, May 12th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 22.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Insider Activity at ON24

In related news, insider Sharat Sharan sold 61,467 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $5.47, for a total transaction of $336,224.49. Following the completion of the transaction, the insider owned 3,550,917 shares in the company, valued at approximately $19,423,515.99. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Lake Lp Lynrock bought 47,692 shares of ON24 stock in a transaction that occurred on Monday, June 9th. The shares were acquired at an average price of $5.57 per share, with a total value of $265,644.44. Following the acquisition, the insider directly owned 8,212,732 shares of the company's stock, valued at $45,744,917.24. The trade was a 0.58% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 461,546 shares of company stock valued at $2,547,766 and sold 247,848 shares valued at $1,347,116. 33.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ON24 stock. Goldman Sachs Group Inc. increased its holdings in shares of ON24, Inc. (NYSE:ONTF - Free Report) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 188,836 shares of the company's stock after acquiring an additional 7,139 shares during the quarter. Goldman Sachs Group Inc. owned about 0.44% of ON24 worth $982,000 as of its most recent filing with the SEC. 83.93% of the stock is owned by institutional investors.

ON24 Company Profile

ON24, Inc provides a cloud-based intelligent engagement platform that enables businesses to convert customer engagement into revenue through interactive webinar, virtual event, and multimedia content experiences worldwide. The company provides ON24 Elite, for live and interactive webinar experience; ON24 Breakouts, for live breakout room experience that facilitates networking, collaboration, and interactivity between users; ON24 Forums, for live and interactive experience, which facilitates video-to-video interaction between presenters and audiences; ON24 Go Live, for live and interactive video event experience that enables presenters and attendees to engage face-to-face in real-time; and ON24 Virtual Confrence, for live and large scale managed virtual event experience.

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