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ON24, Inc. (NYSE:ONTF – Get Rating) has obtained a median advice of “Maintain” from the seven analysis corporations which can be masking the corporate, MarketBeat.com reviews. Six analysis analysts have rated the inventory with a maintain advice and one has assigned a purchase advice to the corporate. The typical 1-year goal value amongst brokers which have issued a report on the inventory within the final 12 months is $23.40.
ONTF has been the topic of a variety of analysis reviews. William Blair reduce shares of ON24 from an “outperform” ranking to a “market carry out” ranking in a report on Tuesday, March 1st. Robert W. Baird lowered shares of ON24 from an “outperform” ranking to a “impartial” ranking and set a $18.00 value goal for the corporate. in a report on Tuesday, March 1st. KeyCorp lowered their value goal on shares of ON24 from $24.00 to $20.00 and set an “obese” ranking for the corporate in a report on Tuesday, March 1st. Piper Sandler downgraded shares of ON24 from an “obese” ranking to a “impartial” ranking and diminished their value goal for the inventory from $25.00 to $17.00 in a analysis report on Tuesday, March 1st. Lastly, Needham & Firm LLC downgraded shares of ON24 from a “purchase” ranking to a “maintain” ranking in a analysis report on Wednesday, Could eleventh.
Shares of ONTF stock opened at $11.00 on Friday. The corporate’s fifty day easy transferring common is $12.22 and its 200-day easy transferring common is $14.27. ON24 has a 12 month low of $8.54 and a 12 month excessive of $41.33. The agency has a market cap of $515.35 million, a PE ratio of -14.29 and a beta of -0.07.
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ON24 (NYSE:ONTF – Get Rating) final launched its quarterly earnings knowledge on Tuesday, Could tenth. The corporate reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.02. ON24 had a unfavourable web margin of 18.27% and a unfavourable return on fairness of 10.44%. The agency had income of $48.49 million for the quarter, in comparison with the consensus estimate of $47.44 million. As a gaggle, equities analysts predict that ON24 will put up -1.39 EPS for the present 12 months.
In associated information, CRO James Blackie offered 2,706 shares of the corporate’s inventory in a transaction on Friday, Could twentieth. The inventory was offered at a median value of $11.25, for a complete worth of $30,442.50. Following the sale, the chief now immediately owns 214,817 shares of the corporate’s inventory, valued at $2,416,691.25. The sale was disclosed in a authorized submitting with the SEC, which is offered by means of the SEC website. Additionally, CFO Steven Vattuone offered 2,551 shares of the inventory in a transaction on Friday, Could twentieth. The inventory was offered at a median value of $11.25, for a complete worth of $28,698.75. Following the completion of the sale, the chief monetary officer now immediately owns 230,330 shares within the firm, valued at $2,591,212.50. The disclosure for this sale might be discovered here. Insiders have offered 35,621 shares of firm inventory valued at $444,460 within the final three months. 12.40% of the inventory is owned by insiders.
A lot of hedge funds have not too long ago purchased and offered shares of the enterprise. Lynrock Lake LP raised its stake in ON24 by 152.9% in the course of the 4th quarter. Lynrock Lake LP now owns 4,577,167 shares of the corporate’s inventory valued at $79,414,000 after buying an extra 2,767,001 shares in the course of the interval. Hawk Ridge Capital Administration LP bought a brand new place in shares of ON24 within the 4th quarter price roughly $35,929,000. Russell Investments Group Ltd. lifted its stake in shares of ON24 by 724.0% in the course of the 1st quarter. Russell Investments Group Ltd. now owns 1,415,519 shares of the corporate’s inventory price $18,612,000 after buying an extra 1,243,742 shares over the last quarter. Schroder Funding Administration Group purchased a brand new stake in shares of ON24 in the course of the 4th quarter price roughly $15,524,000. Lastly, Two Sigma Investments LP purchased a brand new stake in shares of ON24 in the course of the third quarter price roughly $13,724,000. 70.24% of the inventory is at the moment owned by institutional traders.
About ON24 (Get Rating)
ON24, Inc gives a cloud-based digital expertise platform that permits companies to transform buyer engagement into income by means of interactive webinar, digital occasion, and multimedia content material experiences worldwide. The corporate gives ON24 Expertise merchandise, comparable to ON24 Elite, a dwell and interactive webinar expertise; ON24 Breakouts, a dwell breakout room expertise that facilitates networking, collaboration and interactivity between customers; ON24 Go Stay, a dwell, interactive video occasion expertise that permits presenters and attendees to have interaction face-to-face in real-time; ON24 Digital Confrence, a dwell 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 knowledge to energy the insights, benchmarking, reporting, and synthetic intelligence and machine studying engine; and ON24 Join, an ecosystem of third-party utility integrations.
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