ON24 (ONTF) Set to Announce Earnings on Thursday

ON24 (NYSE:ONTF) will release its earnings data after the market closes on Thursday, November 7th. Analysts expect ON24 to post earnings of $0.01 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

ON24 (NYSE:ONTF) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.10). The firm had revenue of $37.35 million during the quarter, compared to the consensus estimate of $36.31 million. ON24 had a negative net margin of 28.14% and a negative return on equity of 21.81%. On average, analysts expect ON24 to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ON24 Stock Performance

Shares of ONTF opened at $6.12 on Wednesday. The firm has a market cap of $254.16 million, a PE ratio of -5.94 and a beta of 0.46. The firm’s 50 day moving average price is $6.17 and its 200 day moving average price is $6.18. ON24 has a twelve month low of $5.37 and a twelve month high of $8.35.

Analyst Ratings Changes

ONTF has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on ON24 from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Needham & Company LLC reissued a “hold” rating on shares of ON24 in a research note on Wednesday, August 7th.

Insider Activity at ON24

In other news, insider Jayesh Sahasi sold 4,468 shares of ON24 stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $6.35, for a total value of $28,371.80. Following the transaction, the insider now directly owns 727,913 shares in the company, valued at approximately $4,622,247.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Jayesh Sahasi sold 4,468 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $6.35, for a total transaction of $28,371.80. Following the completion of the transaction, the insider now directly owns 727,913 shares in the company, valued at $4,622,247.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sharat Sharan sold 17,750 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $6.13, for a total transaction of $108,807.50. Following the completion of the sale, the insider now directly owns 3,069,728 shares of the company’s stock, valued at approximately $18,817,432.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,887 shares of company stock worth $772,313. 32.30% of the stock is owned by insiders.

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.