ON24 (ONTF) Projected to Post Earnings on Thursday

Key Points

• ON24 is set to release its Q2 2025 earnings results on Thursday, August 7th, with analysts expecting earnings of $0.01 per share and revenue of $34.76 million.
• The company's Board of Directors approved a $50 million share buyback plan, indicating management's belief that the stock is undervalued.
• Insider trading activity includes a major shareholder acquiring 47,692 shares at an average cost of $5.57, while another insider sold 61,467 shares for approximately $336,224.

ON24 (NYSE:ONTF - Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data after the market closes on Thursday, August 7th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $34.76 million for the quarter.

ON24 Price Performance

NYSE ONTF traded down $0.25 during mid-day trading on Friday, hitting $4.71. The company's stock had a trading volume of 206,023 shares, compared to its average volume of 155,225. The firm has a market capitalization of $200.03 million, a P/E ratio of -4.91 and a beta of 0.65. ON24 has a 52-week low of $4.35 and a 52-week high of $7.03. The stock's fifty day simple moving average is $5.36 and its two-hundred day simple moving average is $5.53.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in 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 for the company in a research report on Thursday, May 8th. Robert W. Baird decreased their target price on ON24 from $7.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $5.33.

Insider Activity

In other ON24 news, insider Jayesh Sahasi sold 6,700 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $5.60, for a total value of $37,520.00. Following the transaction, the insider owned 763,503 shares in the company, valued at $4,275,616.80. The trade was a 0.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Steven Vattuone sold 22,048 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $5.55, for a total transaction of $122,366.40. Following the completion of the transaction, the chief financial officer directly owned 634,532 shares of the company's stock, valued at approximately $3,521,652.60. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 461,546 shares of company stock valued at $2,547,766 and sold 247,848 shares valued at $1,347,116. Corporate insiders own 33.00% of the company's stock.

Institutional Investors Weigh In On ON24

A hedge fund recently raised its stake in ON24 stock. Goldman Sachs Group Inc. lifted its stake in shares of ON24, Inc. (NYSE:ONTF - Free Report) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,836 shares of the company's stock after buying an additional 7,139 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.44% of ON24 worth $982,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.