ON24 (NYSE:ONTF) Stock Price Up 0.2% – Should You Buy?

ON24, Inc. (NYSE:ONTF)’s stock price rose 0.2% during trading on Tuesday . The company traded as high as $8.00 and last traded at $7.9850. Approximately 257,123 shares were traded during trading, a decline of 55% from the average daily volume of 565,675 shares. The stock had previously closed at $7.97.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised ON24 from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ON24 in a research report on Thursday, January 22nd. Robert W. Baird increased their price target on ON24 from $6.00 to $8.10 and gave the company a “neutral” rating in a research note on Friday, January 2nd. Finally, Canaccord Genuity Group boosted their price target on ON24 from $6.00 to $8.10 and gave the stock a “hold” rating in a research note on Wednesday, December 31st. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $7.40.

ON24 Trading Up 0.2%

The stock has a 50-day simple moving average of $6.68 and a 200 day simple moving average of $5.86. The company has a market cap of $337.62 million, a price-to-earnings ratio of -10.79 and a beta of 0.61.

ON24 (NYSE:ONTF) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. ON24 had a negative return on equity of 18.61% and a negative net margin of 22.09%.The business had revenue of $34.60 million for the quarter, compared to analyst estimates of $33.87 million. ON24 has set its FY 2025 guidance at 0.050-0.060 EPS and its Q4 2025 guidance at 0.010-0.020 EPS. As a group, research analysts forecast that ON24, Inc. will post -0.81 EPS for the current fiscal year.

Insider Buying and Selling at ON24

In other ON24 news, insider Jayesh Sahasi sold 34,753 shares of ON24 stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $7.98, for a total transaction of $277,328.94. Following the completion of the transaction, the insider owned 672,527 shares in the company, valued at approximately $5,366,765.46. This trade represents a 4.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sharat Sharan sold 50,332 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $7.97, for a total value of $401,146.04. Following the completion of the transaction, the insider directly owned 3,622,559 shares of the company’s stock, valued at approximately $28,871,795.23. This trade represents a 1.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 338,716 shares of company stock worth $2,327,474 over the last ninety days. 33.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Federated Hermes Inc. boosted its position in ON24 by 0.5% in the 3rd quarter. Federated Hermes Inc. now owns 1,177,588 shares of the company’s stock worth $6,736,000 after purchasing an additional 5,347 shares in the last quarter. Geode Capital Management LLC boosted its holdings in ON24 by 13.7% during the second quarter. Geode Capital Management LLC now owns 852,320 shares of the company’s stock worth $4,629,000 after buying an additional 102,396 shares in the last quarter. Acadian Asset Management LLC grew its position in ON24 by 1.8% during the second quarter. Acadian Asset Management LLC now owns 845,702 shares of the company’s stock valued at $4,590,000 after buying an additional 14,851 shares during the period. Arrowstreet Capital Limited Partnership grew its position in ON24 by 19.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 710,354 shares of the company’s stock valued at $4,063,000 after buying an additional 116,400 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of ON24 by 4.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 305,720 shares of the company’s stock worth $1,749,000 after acquiring an additional 13,600 shares during the period. 83.93% of the stock is owned by institutional investors and hedge funds.

About ON24

ON24, Inc (NYSE: ONTF) is a cloud-based digital experience platform that enables organizations to create, manage and optimize virtual events, webinars and multimedia content. The company’s technology is designed to facilitate interactive, data-driven engagement between enterprises and their audiences, supporting demand generation, lead nurturing, corporate communications and training initiatives.

At the core of ON24’s offering is its webinar and virtual event solution, which provides live and on-demand webcasting, attendee interaction tools and real-time analytics.