ON24 (ONTF) to Release Quarterly Earnings on Wednesday

ON24 (NYSE:ONTF) is expected to announce its Q1 2025 earnings results 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 Price Performance

NYSE ONTF opened at $4.69 on Tuesday. ON24 has a 12 month low of $4.35 and a 12 month high of $7.04. The company has a market capitalization of $199.20 million, a P/E ratio of -4.51 and a beta of 0.56. The company’s 50 day simple moving average is $5.12 and its 200 day simple moving average is $6.05.

Insider Activity

In other ON24 news, CFO Steven Vattuone sold 6,146 shares of the firm’s stock in a transaction dated 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 directly owns 534,386 shares in the company, valued at approximately $3,569,698.48. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sharat Sharan sold 39,196 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $5.23, for a total value of $204,995.08. Following the completion of the transaction, the insider now owns 3,164,092 shares in the company, valued at $16,548,201.16. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 206,529 shares of company stock worth $1,174,541 and have sold 155,384 shares worth $873,019. 32.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on ONTF. William Blair reaffirmed a “market perform” rating on shares of ON24 in a report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their target price on ON24 from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research note on Wednesday, February 26th.

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.