The price of ON24 Inc. (NYSE:ONTF) shares last traded on Wall Street fell -2.19% to $7.59.
Based on available information, 7 analysts follow ON24 Inc. (NYSE:ONTF). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $8.00, we find $9.50. Given the previous closing price of $7.76, this indicates a potential upside of 22.42 percent. ONTF stock price is now -15.46% away from the 50-day moving average and -16.78% away from the 200-day moving average. The market capitalization of the company currently stands at $367.96M.
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Among analysts, 7 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $9.50 as their price target over the next twelve months.
, while ‘William Blair’ rates the stock as ‘Mkt Perform’.
In other news, Blackie James, Chief Revenue Officer sold 17,823 shares of the company’s stock on Mar 15. The stock was sold for $135,592 at an average price of $7.61. Upon completion of the transaction, the Chief Revenue Officer now directly owns 194,178 shares in the company, valued at $1.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15, Chief Financial Officer Vattuone Steven sold 11,229 shares of the business’s stock. A total of $85,403 was realized by selling the stock at an average price of $7.61. This leaves the insider owning 249,092 shares of the company worth $1.89 million. Insiders disposed of 87,082 shares of company stock worth roughly $0.66 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ONTF stock. A new stake in ON24 Inc. shares was purchased by INVENOMIC CAPITAL MANAGEMENT LP during the first quarter worth $2,586,000. POTRERO CAPITAL RESEARCH LLC invested $2,109,000 in shares of ONTF during the first quarter. In the first quarter, BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC acquired a new stake in ON24 Inc. valued at approximately $1,948,000. NORGES BANK acquired a new stake in ONTF for approximately $1,638,000. NUMERAI GP LLC purchased a new stake in ONTF valued at around $1,075,000 in the second quarter. In total, there are 151 active investors with 75.90% ownership of the company’s stock.
A candlestick chart of ON24 Inc. (NYSE: ONTF) showed a price of $7.68 on Monday morning. During the past 12 months, ON24 Inc. has had a low of $6.95 and a high of $14.65. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 3.50, and a quick ratio of 3.50. The fifty day moving average price for ONTF is $8.96 and a two-hundred day moving average price translates $9.09 for the stock.
The latest earnings results from ON24 Inc. (NYSE: ONTF) was released for Sep, 2022. According to the Software – Application Company, earnings per share came in at -$0.07, beating analysts’ expectations of -$0.16 by 0.09. This compares to -$0.22 EPS in the same period last year. The net profit margin was -30.50% and return on equity was -18.30% for ONTF. The company reported revenue of $46.57 million for the quarter, compared to $52.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.51 percent. For the current quarter, analysts expect ONTF to generate $46.15M in revenue.
ON24 Inc.(ONTF) Company Profile
ON24, Inc. provides a cloud-based digital experience platform that enables businesses to convert customer engagement into revenue through interactive webinar, virtual event, and multimedia content experiences worldwide. The company provides ON24 Experience products, such as ON24 Elite, a live and interactive webinar experience; ON24 Breakouts, a live breakout room experience that facilitates networking, collaboration and interactivity between users; ON24 Go Live, a live, interactive video event experience that enables presenters and attendees to engage face-to-face in real-time; ON24 Virtual Confrence, a live and large scale virtual event experience; ON24 Engagement Hub, a rich multimedia content experience; and ON24 Target, a personalized and curated rich multimedia content experience, as well as solutions; ON24 Intelligence, an analytics backbone that captures first-person data to power the insights, benchmarking, reporting, and artificial intelligence and machine learning engine; and ON24 Connect, an ecosystem of third-party application integrations. It also offers professional services, such as experience management, monitoring, premium support, and implementation and other services. The company sells its products through direct sales. It serves technology, financial services, healthcare, industrial and manufacturing, professional services, and business-to-business information service industries. The company was formerly known as NewsDirect, Inc. and changed its name to ON24, Inc. in December 1998. The company was incorporated in 1998 and is headquartered in San Francisco, California.
