ON24 (ONTF) Set to Announce Earnings on Tuesday

ON24 (NYSE:ONTF) is scheduled to be releasing its earnings data after the market closes on Tuesday, August 6th. Analysts expect ON24 to post earnings of $0.01 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

ON24 (NYSE:ONTF) last posted its earnings results on Tuesday, May 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). ON24 had a negative net margin of 28.35% and a negative return on equity of 19.97%. The firm had revenue of $37.73 million during the quarter, compared to the consensus estimate of $37.00 million. On average, analysts expect ON24 to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ON24 Trading Down 3.2 %

NYSE:ONTF opened at $5.99 on Monday. ON24 has a 1 year low of $5.37 and a 1 year high of $8.70. The firm has a 50 day moving average of $6.00 and a 200-day moving average of $6.68. The stock has a market capitalization of $250.77 million, a P/E ratio of -5.76 and a beta of 0.47.

Insider Buying and Selling

In related news, insider Jayesh Sahasi sold 17,731 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $6.03, for a total value of $106,917.93. Following the completion of the transaction, the insider now owns 736,516 shares in the company, valued at approximately $4,441,191.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ON24 news, CRO James Blackie sold 15,000 shares of ON24 stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $6.33, for a total transaction of $94,950.00. Following the completion of the sale, the executive now owns 457,443 shares of the company’s stock, valued at approximately $2,895,614.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jayesh Sahasi sold 17,731 shares of ON24 stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $6.03, for a total transaction of $106,917.93. Following the sale, the insider now directly owns 736,516 shares of the company’s stock, valued at approximately $4,441,191.48. The disclosure for this sale can be found here. Insiders sold 57,679 shares of company stock worth $348,674 in the last quarter. Insiders own 32.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “hold” rating on shares of ON24 in a research note on Friday, May 17th.

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.