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NYSE:ONTF

ON24 (ONTF) Stock Price, News & Analysis

ON24 logo
$6.25 -0.11 (-1.73%)
(As of 11/20/2024 ET)

About ON24 Stock (NYSE:ONTF)

Key Stats

Today's Range
$6.24
$6.37
50-Day Range
$5.90
$6.65
52-Week Range
$5.37
$8.35
Volume
117,835 shs
Average Volume
173,621 shs
Market Capitalization
$260.32 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.00
Consensus Rating
Hold

Company Overview

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. It also offers ON24 Engagement Hub, for always-on multimedia content experience; ON24 Target, for personalized and curated landing page experience; ON24 Intelligence, for analytics backbone that captures first-person data to power the insights, benchmarking, reporting, and artificial intelligence and machine learning engine; ON24 AI-powered ACE, for enabling hyper-personalization at scale across ON24 experiences; ON24 Connect, for ecosystem of third-party application integrations; and ON24 Services and Platform Support, which provides a portfolio of professional services that provide consulting and support for product and platform adoption. In addition, the company offers consulting services, such as experience management, monitoring and production, implementation, and other support services. It sells its products through direct sales. The company serves technology, financial services, healthcare, industrial and manufacturing, professional services, and business-to-business information service companies. The company was formerly known as NewsDirect, Inc. and changed its name to ON24, Inc. in December 1998. ON24, Inc. was incorporated in 1998 and is headquartered in San Francisco, California.

ON24 Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
53rd Percentile Overall Score

ONTF MarketRank™: 

ON24 scored higher than 53% of companies evaluated by MarketBeat, and ranked 378th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    ON24 has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    ON24 has only been the subject of 1 research reports in the past 90 days.

  • Read more about ON24's stock forecast and price target.
  • Earnings Growth

    Earnings for ON24 are expected to grow in the coming year, from ($0.73) to ($0.38) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of ON24 is -6.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of ON24 is -6.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    ON24 has a P/B Ratio of 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about ON24's valuation and earnings.
  • Percentage of Shares Shorted

    1.01% of the float of ON24 has been sold short.
  • Short Interest Ratio / Days to Cover

    ON24 has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ON24 has recently increased by 4.29%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    ON24 does not currently pay a dividend.

  • Dividend Growth

    ON24 does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.01% of the float of ON24 has been sold short.
  • Short Interest Ratio / Days to Cover

    ON24 has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ON24 has recently increased by 4.29%, indicating that investor sentiment is decreasing.
  • News Sentiment

    ON24 has a news sentiment score of 0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for ON24 this week, compared to 2 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, ON24 insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $574,920.00 in company stock.

  • Percentage Held by Insiders

    32.30% of the stock of ON24 is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    83.93% of the stock of ON24 is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about ON24's insider trading history.
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ONTF Stock News Headlines

“This Changes Everything” - Trump Hands Millions Massive IRS Gift
Now it's your time to return the favor by taking advantage of this tax "revenge loophole." Because even as we wait for Trump's agenda to kick in…
ON24, Inc (ONTF) Q3 2024 Earnings Call Transcript
See More Headlines

ONTF Stock Analysis - Frequently Asked Questions

ON24's stock was trading at $7.88 at the beginning of 2024. Since then, ONTF shares have decreased by 20.7% and is now trading at $6.25.
View the best growth stocks for 2024 here
.

ON24, Inc. (NYSE:ONTF) issued its quarterly earnings results on Thursday, February, 22nd. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by $0.25. The firm earned $39.34 million during the quarter, compared to analysts' expectations of $37.29 million. ON24 had a negative trailing twelve-month return on equity of 23.10% and a negative net margin of 28.63%.

ON24 (ONTF) raised $408 million in an initial public offering (IPO) on Wednesday, February 3rd 2021. The company issued 8,600,000 shares at a price of $45.00-$50.00 per share. Goldman Sachs, J.P. Morgan and KeyBanc Capital Markets served as the underwriters for the IPO and Baird, Canaccord Genuity, Needham & Co., Piper Sandler and William Blair were co-managers.

Top institutional shareholders of ON24 include Geode Capital Management LLC (1.79%), Jacobs Levy Equity Management Inc. (0.90%), Charles Schwab Investment Management Inc. (0.68%) and Los Angeles Capital Management LLC (0.46%). Insiders that own company stock include Sharat Sharan, Jayesh Sahasi, Steven Vattuone, James Blackie, Dominique Trempont and Goldman Sachs Group Inc.
View institutional ownership trends
.

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.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that ON24 investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Meta Platforms (META), Netflix (NFLX), PayPal (PYPL), Salesforce (CRM) and Broadcom (AVGO).

Company Calendar

Last Earnings
2/22/2024
Today
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/27/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Fax
N/A
Employees
720
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.00
High Stock Price Target
$9.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+28.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$-51,790,000.00
Pretax Margin
-27.60%

Debt

Sales & Book Value

Annual Sales
$150.74 million
Book Value
$4.34 per share

Miscellaneous

Free Float
28,198,000
Market Cap
$260.32 million
Optionable
Optionable
Beta
0.46
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This page (NYSE:ONTF) was last updated on 11/21/2024 by MarketBeat.com Staff
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