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

ON24 (NYSE:ONTF) released its earnings results on Tuesday. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.22), Zacks reports. 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 down $0.01 during mid-day trading on Tuesday, reaching $6.09. 135,459 shares of the company’s stock were exchanged, compared to its average volume of 95,166. The firm has a market capitalization of $253.45 million, a price-to-earnings ratio of -5.85 and a beta of 0.52. ON24 has a 52 week low of $5.37 and a 52 week high of $7.48. The firm has a 50-day moving average price of $6.62 and a two-hundred day moving average price of $6.42.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research note on Wednesday, January 15th.

Insider Buying and Selling at ON24

In related news, insider Jayesh Sahasi sold 5,047 shares of ON24 stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $7.00, for a total value of $35,329.00. Following the completion of the sale, the insider now owns 692,045 shares of the company’s stock, valued at approximately $4,844,315. This trade represents a 0.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sharat Sharan sold 36,189 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $6.20, for a total value of $224,371.80. Following the completion of the sale, the insider now owns 3,113,728 shares in the company, valued at $19,305,113.60. This represents a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 168,637 shares of company stock worth $1,110,727 over the last three months. 32.30% of the stock is currently owned by insiders.

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.