ON24: Turning Neutral Considering Guidance And Capital Allocation (Rating Downgrade) [Seeking Alpha]
ON24, Inc. (ONTF)
Company Research
Source: Seeking Alpha
But the company is expecting a decline in its revenue and earnings this year, and ONTF might possibly prioritize capital investment over capital return in 2024. My rating for ON24 stock is downgraded to a Hold, after taking into account both the positive and negative read-throughs from its recent disclosures. Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More » Elevator Pitch I have a Hold investment rating for ON24, Inc. NYSE: ONTF ) shares. Previously, I highlighted that ON24's valuations were undemanding based on the price-to-revenue metric in my earlier article written on October 12, 2023. The focus of the current write-up is the review of ONTF's recently announced results for the final quarter of the prior year. I don't think that ON24 warrants a Buy rating anymore, considering its lackluster FY 2024 guidance and the risk relating to lower shareholder capital returns for the short term. But there are also posi
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ONTF
News
- ON24 Earnings: What To Look For From ONTF [Yahoo! Finance]Yahoo! Finance
- Companies Like ON24 (NYSE:ONTF) Can Afford To Invest In Growth [Yahoo! Finance]Yahoo! Finance
- New ON24 Report Reveals Significant Increase in Engagement as Digital Transformation Accelerates in the Financial Services Industry [Yahoo! Finance]Yahoo! Finance
- New ON24 Report Reveals Significant Increase in Engagement as Digital Transformation Accelerates in the Financial Services IndustryBusiness Wire
- ON24 Announces Date for First Quarter 2024 Earnings Release and Conference CallBusiness Wire
ONTF
Earnings
- 2/22/24 - Beat
ONTF
Analyst Actions
- 2/23/24 - Canaccord Genuity
ONTF
Sec Filings
- 5/1/24 - Form 4
- 4/29/24 - Form 144
- 4/26/24 - Form 4
- ONTF's page on the SEC website