ON24 (NYSE:ONTF) Releases Q1 2025 Earnings Guidance

ON24 (NYSE:ONTF - Get Free Report) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of -0.030--0.010 for the period, compared to the consensus earnings per share estimate of 0.010. The company issued revenue guidance of $34.0 million-$34.5 million, compared to the consensus revenue estimate of $34.3 million. ON24 also updated its FY 2025 guidance to 0.020-0.050 EPS.

ON24 Stock Performance

NYSE:ONTF traded up $0.03 during trading hours on Friday, reaching $5.59. The company's stock had a trading volume of 288,825 shares, compared to its average volume of 105,378. The company has a market capitalization of $232.83 million, a P/E ratio of -5.38 and a beta of 0.52. ON24 has a 12 month low of $5.37 and a 12 month high of $7.38. The stock has a 50 day moving average price of $6.55 and a two-hundred day moving average price of $6.41.

Analysts Set New Price Targets

ONTF has been the subject of a number of recent research reports. Needham & Company LLC reissued a "hold" rating on shares of ON24 in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of ON24 from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, William Blair reissued a "market perform" rating on shares of ON24 in a research note on Wednesday.

Insider Transactions at ON24

In other news, insider Sharat Sharan sold 36,189 shares of the company's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $6.20, for a total transaction of $224,371.80. Following the transaction, the insider now directly owns 3,113,728 shares of the company's stock, valued at approximately $19,305,113.60. This represents a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steven Vattuone sold 4,269 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.63, for a total value of $28,303.47. Following the transaction, the chief financial officer now directly owns 579,322 shares in the company, valued at approximately $3,840,904.86. The trade was a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,637 shares of company stock valued at $1,110,727. Corporate insiders own 32.30% of the company's stock.

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.