ON24 (ONTF) to Release Quarterly 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 the company to announce earnings of ($0.03) per share and revenue of $34.23 million for the quarter.

ON24 Stock Performance

Shares of NYSE ONTF opened at $4.74 on Wednesday. The stock has a fifty day moving average price of $5.22 and a two-hundred day moving average price of $6.09. The firm has a market cap of $200.41 million, a P/E ratio of -4.55 and a beta of 0.55. ON24 has a 1 year low of $4.35 and a 1 year high of $7.04.

Wall Street Analysts Forecast Growth

ONTF has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on ON24 from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Needham & Company LLC reissued a "hold" rating on shares of ON24 in a research note on Wednesday, February 26th. Finally, William Blair reissued a "market perform" rating on shares of ON24 in a research note on Wednesday, February 26th.

Insider Transactions at ON24

In other news, insider Sharat Sharan sold 39,196 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $5.23, for a total value of $204,995.08. Following the completion of the sale, the insider now owns 3,164,092 shares of the company's stock, valued at $16,548,201.16. This trade represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dominique Trempont sold 4,250 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $6.94, for a total value of $29,495.00. Following the completion of the sale, the director now directly owns 254,600 shares of the company's stock, valued at approximately $1,766,924. This trade represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders purchased 206,529 shares of company stock valued at $1,174,541 and sold 155,384 shares valued at $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.

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