ON24 (NYSE:ONTF) Releases FY 2025 Earnings Guidance

ON24 (NYSE:ONTF) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 0.050-0.060 for the period, compared to the consensus EPS estimate of -0.240. The company issued revenue guidance of $138.6 million-$139.2 million, compared to the consensus revenue estimate of $138.0 million. ON24 also updated its Q4 2025 guidance to 0.010-0.020 EPS.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Robert W. Baird boosted their target price on shares of ON24 from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of ON24 in a research report on Wednesday, October 8th. Canaccord Genuity Group upped their price objective on shares of ON24 from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Wall Street Zen cut shares of ON24 from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $6.00.

ON24 Stock Performance

ONTF opened at $5.67 on Wednesday. ON24 has a 1 year low of $4.35 and a 1 year high of $7.03. The company’s 50 day simple moving average is $5.55 and its 200 day simple moving average is $5.37. The stock has a market capitalization of $239.90 million, a PE ratio of -7.66 and a beta of 0.66.

Insider Transactions at ON24

In other news, CFO Steven Vattuone sold 20,116 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $5.54, for a total value of $111,442.64. Following the transaction, the chief financial officer directly owned 583,594 shares in the company, valued at $3,233,110.76. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jayesh Sahasi sold 4,608 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $5.52, for a total transaction of $25,436.16. Following the sale, the insider directly owned 737,913 shares of the company’s stock, valued at approximately $4,073,279.76. This trade represents a 0.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 157,441 shares of company stock valued at $864,434. Insiders own 33.00% of the company’s stock.

Institutional Investors Weigh In On ON24

Several hedge funds have recently modified their holdings of ONTF. Brevan Howard Capital Management LP purchased a new position in ON24 in the 2nd quarter worth approximately $78,000. Ameriprise Financial Inc. increased its stake in ON24 by 91.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 39,869 shares of the company’s stock worth $216,000 after buying an additional 19,086 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in ON24 by 24.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,487 shares of the company’s stock worth $111,000 after buying an additional 4,004 shares in the last quarter. Federated Hermes Inc. boosted its position in ON24 by 0.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,172,241 shares of the company’s stock valued at $6,365,000 after buying an additional 4,578 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of ON24 by 14.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 593,954 shares of the company’s stock valued at $3,225,000 after acquiring an additional 74,010 shares in the last quarter. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

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.