ON24 (ONTF) Stock Price, News & Analysis

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ON24 in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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.

2 brokerages have issued 12 month price targets for ON24's stock. Their ONTF share price targets range from $7.00 to $9.00. On average, they expect the company's stock price to reach $8.00 in the next year. This suggests a possible upside of 20.7% 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 $7.88 at the beginning of the year. Since then, ONTF stock has decreased by 15.9% and is now trading at $6.63.
View the best growth stocks for 2024 here.

ON24 saw a increase in short interest in March. As of March 15th, there was short interest totaling 787,100 shares, an increase of 23.9% from the February 29th total of 635,300 shares. Based on an average daily volume of 271,000 shares, the short-interest ratio is currently 2.9 days. Approximately 2.1% of the company's stock are sold short.
View ON24's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our ONTF earnings forecast.

ON24 will be holding an earnings conference call on Tuesday, May 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

ON24, Inc. (NYSE:ONTF) announced its quarterly earnings data on Thursday, February, 22nd. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.02 by $0.25. The business earned $39.34 million during the quarter, compared to analysts' expectations of $37.29 million. ON24 had a negative net margin of 31.63% and a negative trailing twelve-month return on equity of 18.49%. During the same quarter last year, the company earned ($0.23) earnings per share.

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

ON24 updated its first quarter 2024 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of -0.020-0.000 for the period, compared to the consensus earnings per share estimate of -0.020. The company issued revenue guidance of $36.5 million-$37.5 million, compared to the consensus revenue estimate of $36.2 million.

ON24 (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 acted as the underwriters for the IPO and Baird, Canaccord Genuity, Needham & Co., Piper Sandler and William Blair were co-managers.

ON24's stock is owned by a number of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.59%). 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.
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Shares of ONTF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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