ON24 (NYSE:ONTF) Posts Quarterly Earnings Results, Misses Estimates By $0.22 EPS

ON24 (NYSE:ONTF) issued its quarterly earnings data on Tuesday. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.22), Zacks reports. ON24 had a negative return on equity of 23.10% and a negative net margin of 28.63%. ON24 updated its Q1 2025 guidance to -0.030–0.010 EPS and its FY 2025 guidance to 0.020-0.050 EPS.

ON24 Stock Down 0.1 %

Shares of ON24 stock traded down $0.01 during trading on Tuesday, hitting $6.09. 135,459 shares of the stock traded hands, compared to its average volume of 95,166. The stock has a market cap of $253.45 million, a price-to-earnings ratio of -5.85 and a beta of 0.52. ON24 has a 52 week low of $5.37 and a 52 week high of $7.48. The firm’s fifty day moving average is $6.62 and its 200-day moving average is $6.42.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “hold” rating on shares of ON24 in a research note on Wednesday, January 15th.

Insider Buying and Selling

In other news, insider Jayesh Sahasi sold 6,457 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $6.69, for a total value of $43,197.33. Following the transaction, the insider now owns 700,479 shares in the company, valued at approximately $4,686,204.51. This trade represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dominique Trempont sold 4,250 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $6.94, for a total transaction of $29,495.00. Following the sale, the director now directly owns 254,600 shares of the company’s stock, valued at $1,766,924. The trade was a 1.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 168,637 shares of company stock worth $1,110,727 in the last quarter. 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.