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ON24, Inc. (NYSE:ONTF – Get Rating) has been assigned a median score of “Maintain” from the seven scores corporations which can be presently protecting the corporate, Marketbeat experiences. Six analysis analysts have rated the inventory with a maintain suggestion and one has assigned a purchase suggestion to the corporate. The typical 12-month worth goal amongst brokerages which have up to date their protection on the inventory within the final yr is $23.40.
A variety of equities analysts have weighed in on the inventory. William Blair downgraded shares of ON24 from an “outperform” score to a “market carry out” score in a analysis notice on Tuesday, March 1st. KeyCorp decreased their worth goal on shares of ON24 from $24.00 to $20.00 and set an “obese” score for the corporate in a report on Tuesday, March 1st. Robert W. Baird lower shares of ON24 from an “outperform” score to a “impartial” score and set a $18.00 worth goal for the corporate. in a report on Tuesday, March 1st. Needham & Firm LLC lower shares of ON24 from a “purchase” score to a “maintain” score in a report on Wednesday, Could eleventh. Lastly, Piper Sandler lower shares of ON24 from an “obese” score to a “impartial” score and lowered their worth goal for the corporate from $25.00 to $17.00 in a report on Tuesday, March 1st.
NYSE ONTF opened at $11.00 on Friday. The agency has a market capitalization of $515.35 million, a price-to-earnings ratio of -14.29 and a beta of -0.07. The corporate’s fifty day transferring common is $12.22 and its two-hundred day transferring common is $14.27. ON24 has a 52-week low of $8.54 and a 52-week excessive of $41.33.
ON24 (NYSE:ONTF – Get Rating) final launched its quarterly earnings information on Tuesday, Could tenth. The corporate reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.02. The corporate had income of $48.49 million through the quarter, in comparison with the consensus estimate of $47.44 million. ON24 had a detrimental web margin of 18.27% and a detrimental return on fairness of 10.44%. Promote-side analysts forecast that ON24 will submit -1.39 earnings per share for the present yr.
In different ON24 information, CFO Steven Vattuone bought 2,551 shares of the agency’s inventory in a transaction that occurred on Friday, Could twentieth. The shares have been bought at a median worth of $11.25, for a complete transaction of $28,698.75. Following the completion of the transaction, the chief monetary officer now owns 230,330 shares within the firm, valued at roughly $2,591,212.50. The transaction was disclosed in a doc filed with the SEC, which could be accessed by the SEC website. Additionally, CRO James Blackie bought 30,364 shares of the agency’s inventory in a transaction that occurred on Friday, Could twenty seventh. The inventory was bought at a median worth of $12.69, for a complete transaction of $385,319.16. Following the transaction, the manager now owns 214,817 shares of the corporate’s inventory, valued at roughly $2,726,027.73. The disclosure for this sale could be discovered here. Insiders bought 35,621 shares of firm inventory valued at $444,460 within the final three months. Firm insiders personal 12.40% of the corporate’s inventory.
A variety of institutional buyers have just lately added to or lowered their stakes in ONTF. FNY Funding Advisers LLC purchased a brand new place in ON24 through the 1st quarter price roughly $26,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a brand new stake in shares of ON24 through the 4th quarter price roughly $49,000. Ensign Peak Advisors Inc grew its place in shares of ON24 by 4,250.0% through the 1st quarter. Ensign Peak Advisors Inc now owns 4,350 shares of the corporate’s inventory price $57,000 after shopping for a further 4,250 shares through the interval. Citigroup Inc. grew its place in shares of ON24 by 453.7% through the third quarter. Citigroup Inc. now owns 3,311 shares of the corporate’s inventory price $66,000 after shopping for a further 2,713 shares through the interval. Lastly, Royal Financial institution of Canada grew its place in shares of ON24 by 237.3% through the third quarter. Royal Financial institution of Canada now owns 3,559 shares of the corporate’s inventory price $71,000 after shopping for a further 2,504 shares through the interval. Hedge funds and different institutional buyers personal 70.24% of the corporate’s inventory.
ON24 Firm Profile (Get Rating)
ON24, Inc gives a cloud-based digital expertise platform that permits companies to transform buyer engagement into income by interactive webinar, digital occasion, and multimedia content material experiences worldwide. The corporate gives ON24 Expertise merchandise, reminiscent of ON24 Elite, a stay and interactive webinar expertise; ON24 Breakouts, a stay breakout room expertise that facilitates networking, collaboration and interactivity between customers; ON24 Go Dwell, a stay, interactive video occasion expertise that permits presenters and attendees to interact face-to-face in real-time; ON24 Digital Confrence, a stay and huge scale digital occasion expertise; ON24 Engagement Hub, a wealthy multimedia content material expertise; and ON24 Goal, a customized and curated wealthy multimedia content material expertise, in addition to options; ON24 Intelligence, an analytics spine that captures first-person information to energy the insights, benchmarking, reporting, and synthetic intelligence and machine studying engine; and ON24 Join, an ecosystem of third-party software integrations.
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