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ON24, Inc.
ON24, Inc. (NYSE: ONTF) is a cloud-based digital experience platform that helps businesses turn consumer interaction into revenue by hosting interactive webinars, virtual events, and multimedia content experiences. The company makes money through subscription agreements to access the platform and other linked services. ONTF was listed on the NYSE on February 03, 2021, at an IPO price of USD 50.00 per share.
Why Should Investors Exit?
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's FY1 trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
ONTF's share price has declined 29.92% in the past six months and mostly tilted towards its 52W low, indicates bearishness in the stock. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 13.83.
Considering the company’s declining financials, weak margins, current valuation, technical weakness and associated risks. we recommend a "Sell" rating on the stock at the closing price of USD 15.60, up 3.17% as of February 28, 2022.
One-Year Technical Price Chart (as of February 28, 2022). Source: REFINITIV, Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.