ON24, Inc. (NYSE:ONTF) Receives $7.40 Average Target Price from Brokerages

Shares of ON24, Inc. (NYSE:ONTF) have been given a consensus rating of “Reduce” by the three research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and two have given a hold rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $8.10.

A number of analysts have issued reports on the company. Wall Street Zen raised ON24 from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Robert W. Baird lifted their price objective on ON24 from $6.00 to $8.10 and gave the stock a “neutral” rating in a report on Friday, January 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of ON24 in a research note on Thursday, January 22nd. Finally, Canaccord Genuity Group increased their target price on shares of ON24 from $6.00 to $8.10 and gave the stock a “hold” rating in a research report on Wednesday, December 31st.

ON24 Stock Up 0.4%

ON24 stock opened at $8.04 on Wednesday. The firm has a 50 day moving average price of $7.80 and a 200-day moving average price of $6.37. ON24 has a twelve month low of $4.35 and a twelve month high of $8.10. The company has a market capitalization of $342.91 million, a P/E ratio of -11.82 and a beta of 0.60.

Key Headlines Impacting ON24

Here are the key news stories impacting ON24 this week:

• Positive Sentiment: Institutional buying and growing ownership — several funds (Nisa Investment Advisors, PNC and others) added or established positions in Q4 and institutional ownership is high (~83.9%), which can support the stock at current levels. Read More.
• Neutral Sentiment: Analyst coverage is mixed but target prices were nudged higher by some brokers (Canaccord Genuity and Robert W. Baird raised targets to $8.10), while the consensus rating remains cautious — the average view is a “Reduce.” This creates a neutral/ambiguous catalyst near the current price band. Read More.
• Neutral Sentiment: Technical setup is modestly constructive: the 50-day MA (~$7.75) is above the 200-day (~$6.35) and the stock is trading close to its 52-week high, which can attract momentum buyers but leaves limited upside vs. near-term resistance. Read More.
• Negative Sentiment: Multiple insider sales by senior executives — CRO James Blackie, CFO Steven Vattuone, Sharat Sharan and Jayesh Sahasi sold shares on March 2 (individual sales in the ~$125k–$183k range; combined sales materially reduced their holdings by a few percent). While not large enough to indicate loss of control, clustered executive selling often raises short-term investor concern about near-term upside. Read More.

Insider Buying and Selling at ON24

In other ON24 news, CRO James Blackie sold 20,277 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $8.01, for a total transaction of $162,418.77. Following the sale, the executive owned 484,052 shares of the company’s stock, valued at $3,877,256.52. The trade was a 4.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jayesh Sahasi sold 34,753 shares of the stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $7.98, for a total value of $277,328.94. Following the sale, the insider owned 672,527 shares in the company, valued at approximately $5,366,765.46. This represents a 4.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 291,218 shares of company stock valued at $2,270,432 in the last quarter. Corporate insiders own 33.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its position in shares of ON24 by 139.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,852 shares of the company’s stock valued at $39,000 after buying an additional 2,825 shares during the period. Meteora Capital LLC bought a new position in shares of ON24 in the fourth quarter valued at approximately $48,000. Mercer Global Advisors Inc. ADV purchased a new position in ON24 during the third quarter valued at approximately $60,000. PNC Financial Services Group Inc. increased its holdings in ON24 by 132.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,614 shares of the company’s stock worth $61,000 after acquiring an additional 4,334 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in ON24 during the 3rd quarter worth approximately $61,000. Institutional investors own 83.93% of the company’s stock.

ON24 Company Profile

ON24, Inc (NYSE: ONTF) is a cloud-based digital experience platform that enables organizations to create, manage and optimize virtual events, webinars and multimedia content. The company’s technology is designed to facilitate interactive, data-driven engagement between enterprises and their audiences, supporting demand generation, lead nurturing, corporate communications and training initiatives.

At the core of ON24’s offering is its webinar and virtual event solution, which provides live and on-demand webcasting, attendee interaction tools and real-time analytics.