ON24 (ONTF) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ON24 in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ONTF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ONTF, but not buy additional shares or sell existing shares.
View ONTF analyst ratings or view top-rated stocks.

4 analysts have issued 12-month target prices for ON24's shares. Their ONTF share price forecasts range from $8.00 to $14.00. On average, they predict the company's stock price to reach $10.00 in the next year. This suggests a possible upside of 25.2% from the stock's current price.
View analysts price targets for ONTF or view top-rated stocks among Wall Street analysts.

ON24's stock was trading at $8.63 at the start of the year. Since then, ONTF shares have decreased by 7.4% and is now trading at $7.99.
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ON24 saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,190,000 shares, an increase of 19.0% from the April 15th total of 1,000,000 shares. Based on an average daily trading volume, of 301,600 shares, the days-to-cover ratio is presently 3.9 days. Approximately 3.1% of the shares of the stock are short sold.
View ON24's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our ONTF earnings forecast.

ON24, Inc. (NYSE:ONTF) issued its earnings results on Tuesday, November, 9th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.17. The company had revenue of $49.36 million for the quarter, compared to analyst estimates of $48.07 million. ON24 had a negative trailing twelve-month return on equity of 17.04% and a negative net margin of 32.53%.

ON24 declared a dividend on Wednesday, May 17th. Stockholders of record on Monday, May 22nd will be given a dividend of $1.09 per share on Thursday, June 15th. This represents a dividend yield of 12.67%. The ex-dividend date of this dividend is Friday, May 19th.
Read our dividend analysis for ONTF.

SPDR S&P Software & Services ETF holds 155,197 shares of ONTF stock, representing 0.60% of its portfolio.

ON24 issued an update on its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of 0-0 for the period, compared to the consensus estimate of 0. The company issued revenue guidance of $41.10 million-$42.10 million, compared to the consensus revenue estimate of $41.33 million.

(ONTF) raised $408 million in an IPO on Wednesday, February 3rd 2021. The company issued 8,600,000 shares at $45.00-$50.00 per share. Goldman Sachs, J.P. Morgan and KeyBanc Capital Markets served as the underwriters for the IPO and Baird, Canaccord Genuity, Needham & Co., Piper Sandler and William Blair were co-managers.

ON24 trades on the New York Stock Exchange (NYSE) under the ticker symbol "ONTF."

ON24's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.69%), Greenhouse Funds LLLP (5.89%), Hawk Ridge Capital Management LP (3.33%), Federated Hermes Inc. (2.71%), Russell Investments Group Ltd. (2.63%) and State Street Corp (2.01%). Insiders that own company stock include Barry Zwarenstein, Dominique Trempont, Goldman Sachs Group Inc, Irwin Federman, James Blackie, Jayesh Sahasi, Presidio Management Group Vii, Sharat Sharan and Steven Vattuone.
View institutional ownership trends.

Shares of ONTF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ONTF stock can currently be purchased for approximately $7.99.

ON24 (NYSE:ONTF) has a market capitalization of $366.45 million and generates $185.44 million in revenue each year. The company earns $-58,210,000.00 in net income (profit) each year or ($1.26) on an earnings per share basis.

The company employs 717 workers across the globe.

ON24's mailing address is 50 BEALE STREET 8TH FLOOR, SAN FRANCISCO CA, 94105. The official website for the company is www.on24.com. The company can be reached via phone at 415-369-8000 or via email at investorrelations@on24.com.