ON24 (ONTF) Expected to Announce Earnings on Wednesday

ON24 (NYSE:ONTF - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Wednesday, May 7th. Analysts expect ON24 to post earnings of ($0.03) per share and revenue of $34.23 million for the quarter.

ON24 Trading Up 0.4 %

NYSE:ONTF traded up $0.02 during trading hours on Monday, hitting $4.76. 12,426 shares of the company were exchanged, compared to its average volume of 138,637. The stock has a market capitalization of $202.18 million, a price-to-earnings ratio of -4.58 and a beta of 0.56. The company has a fifty day simple moving average of $5.14 and a 200 day simple moving average of $6.06. ON24 has a one year low of $4.35 and a one year high of $7.04.

Analysts Set New Price Targets

A number of research firms have recently commented on ONTF. JPMorgan Chase & Co. reduced their price objective on shares of ON24 from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a "hold" rating on shares of ON24 in a report on Wednesday, February 26th. Finally, William Blair restated a "market perform" rating on shares of ON24 in a report on Wednesday, February 26th.

Insider Activity

In related news, insider Sharat Sharan sold 39,196 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $5.23, for a total transaction of $204,995.08. Following the completion of the sale, the insider now owns 3,164,092 shares in the company, valued at approximately $16,548,201.16. This represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Steven Vattuone sold 6,146 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $6.68, for a total transaction of $41,055.28. Following the completion of the sale, the chief financial officer now owns 534,386 shares of the company's stock, valued at approximately $3,569,698.48. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 206,529 shares of company stock worth $1,174,541 and sold 155,384 shares worth $873,019. Corporate insiders own 32.30% of the company's stock.

About ON24

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.