ON24 (NYSE:ONTF) Updates 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) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.020-0.050 for the period, compared to the consensus earnings per share 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.

ON24 Stock Down 0.4%

Shares of ONTF traded down $0.02 during mid-day trading on Monday, hitting $4.91. 56,001 shares of the company's stock were exchanged, compared to its average volume of 156,644. The firm has a market cap of $208.59 million, a price-to-earnings ratio of -5.72 and a beta of 0.65. The stock's 50-day simple moving average is $5.29 and its 200-day simple moving average is $5.47. ON24 has a 52 week low of $4.35 and a 52 week high of $7.03.

ON24 declared that its Board of Directors has approved a share repurchase program on Monday, May 12th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 22.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

ONTF has been the topic of a number of research analyst reports. Robert W. Baird cut their price target 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. Canaccord Genuity Group cut their price target on shares of ON24 from $9.00 to $5.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of ON24 from a "hold" rating to a "buy" rating in a report on Saturday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.33.

Insider Activity at ON24

In related news, insider Sharat Sharan sold 61,467 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $5.47, for a total value of $336,224.49. Following the completion of the transaction, the insider directly owned 3,550,917 shares of the company's stock, valued at approximately $19,423,515.99. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Lake Lp Lynrock acquired 47,692 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average cost of $5.57 per share, with a total value of $265,644.44. Following the completion of the acquisition, the insider owned 8,212,732 shares in the company, valued at $45,744,917.24. This trade represents a 0.58% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 436,970 shares of company stock valued at $2,420,954 and sold 247,848 shares valued at $1,347,116. 33.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ON24

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of ON24 by 13.7% in the 2nd quarter. Geode Capital Management LLC now owns 852,320 shares of the company's stock worth $4,629,000 after purchasing an additional 102,396 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of ON24 by 3.9% in the first quarter. Goldman Sachs Group Inc. now owns 188,836 shares of the company's stock worth $982,000 after purchasing an additional 7,139 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of ON24 by 15.9% in the first quarter. AQR Capital Management LLC now owns 21,741 shares of the company's stock worth $113,000 after buying an additional 2,989 shares in the last quarter. Institutional investors own 83.93% of the company's stock.

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.