ON24 (NYSE:ONTF) Releases Earnings Results, Misses Estimates By $0.22 EPS

ON24 (NYSE:ONTF - Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.22), Zacks reports. The company had revenue of $36.68 million for the quarter, compared to the consensus estimate of $35.87 million. ON24 had a negative return on equity of 23.10% and a negative net margin of 28.63%. ON24 updated its Q1 2025 guidance to -0.030--0.010 EPS and its FY 2025 guidance to 0.020-0.050 EPS.

ON24 Price Performance

Shares of NYSE ONTF traded up $0.03 during trading hours on Friday, hitting $5.59. 288,825 shares of the company's stock were exchanged, compared to its average volume of 105,378. ON24 has a 1-year low of $5.37 and a 1-year high of $7.38. The stock has a market capitalization of $232.83 million, a price-to-earnings ratio of -5.38 and a beta of 0.52. The company's 50-day moving average price is $6.55 and its 200-day moving average price is $6.41.

Insider Buying and Selling

In other ON24 news, CFO Steven Vattuone sold 3,830 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $6.96, for a total value of $26,656.80. Following the completion of the transaction, the chief financial officer now owns 560,885 shares of the company's stock, valued at $3,903,759.60. This represents a 0.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jayesh Sahasi sold 6,457 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $6.69, for a total value of $43,197.33. Following the completion of the transaction, the insider now directly owns 700,479 shares of the company's stock, valued at approximately $4,686,204.51. This trade represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 168,637 shares of company stock valued at $1,110,727. Insiders own 32.30% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on ONTF shares. Needham & Company LLC reiterated a "hold" rating on shares of ON24 in a research note on Wednesday. William Blair reiterated a "market perform" rating on shares of ON24 in a research note on Wednesday. Finally, 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.

ON24 Company Profile

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.