ON24 (ONTF) to Release Quarterly Earnings on Thursday

ON24 (NYSE:ONTF) will likely be issuing its Q2 2025 quarterly earnings data after the market closes on Thursday, August 7th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $34.76 million for the quarter.

ON24 Price Performance

Shares of ONTF stock opened at $5.02 on Thursday. ON24 has a fifty-two week low of $4.35 and a fifty-two week high of $7.03. The stock’s 50-day moving average is $5.38 and its two-hundred day moving average is $5.55. The firm has a market cap of $213.20 million, a P/E ratio of -5.23 and a beta of 0.65.

ON24 declared that its Board of Directors has authorized a stock repurchase program on Monday, May 12th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 22.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

ONTF has been the topic of several research reports. Robert W. Baird dropped their target price on ON24 from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Canaccord Genuity Group dropped their target price on ON24 from $9.00 to $5.00 and set a “hold” rating on the stock in a research report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.33.

Insider Buying and Selling

In other news, CFO Steven Vattuone sold 22,048 shares of the company’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $5.55, for a total transaction of $122,366.40. Following the completion of the sale, the chief financial officer owned 634,532 shares in the company, valued at approximately $3,521,652.60. This represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jayesh Sahasi sold 6,700 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $5.60, for a total value of $37,520.00. Following the sale, the insider owned 763,503 shares of the company’s stock, valued at approximately $4,275,616.80. This trade represents a 0.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 461,546 shares of company stock worth $2,547,766 and have sold 247,848 shares worth $1,347,116. 33.00% of the stock is owned by corporate insiders.

Institutional Trading of ON24

An institutional investor recently raised its position in ON24 stock. AQR Capital Management LLC raised its position in ON24, Inc. (NYSE:ONTF) by 15.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,741 shares of the company’s stock after acquiring an additional 2,989 shares during the period. AQR Capital Management LLC owned about 0.05% of ON24 worth $113,000 as of its most recent SEC filing. Institutional investors own 83.93% of the company’s stock.

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.