Halper Sadeh Investigates ON24, Ventyx, and Sun Country for Potential Violations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- ON24 Acquisition Investigation: Halper Sadeh LLC is investigating ON24, Inc. (NYSE: ONTF) for its sale to Cvent at $8.10 per share in cash, potentially violating fiduciary duties to shareholders, aiming to ensure fair compensation for investors.
- Ventyx Transaction Scrutiny: The firm is also examining Ventyx Biosciences, Inc. (NASDAQ: VTYX) for its sale to Eli Lilly at $14.00 per share, which may impact shareholder rights, with Halper Sadeh potentially seeking increased compensation for shareholders.
- Sun Country Deal Analysis: The investigation extends to Sun Country Airlines Holdings, Inc. (NASDAQ: SNCY), which is selling to Allegiant Travel Company for 0.1557 shares of Allegiant common stock and $4.10 in cash per share, where Halper Sadeh may advocate for enhanced shareholder rights.
- Legal Service Commitment: Halper Sadeh LLC offers legal services on a contingency fee basis, encouraging affected shareholders to reach out to discuss their rights and options, demonstrating the firm's strong commitment to protecting investor interests.
Analyst Views on ONTF
Wall Street analysts forecast ONTF stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ONTF is 5.00 USD with a low forecast of 5.00 USD and a high forecast of 5.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
0 Buy
4 Hold
0 Sell
Hold
Current: 7.970
Low
5.00
Averages
5.00
High
5.00
Current: 7.970
Low
5.00
Averages
5.00
High
5.00
About ONTF
ON24, Inc. provides a cloud-based intelligent engagement platform that combines experiences with personalization and content, to enable sales and marketing organizations to capture and act on connected insights at scale. The Company's platform’s portfolio of interactive and personalized digital experience products creates and captures actionable, real-time data from professionals to provide businesses with buying signals and behavioral insights to convert prospects into customers. Its portfolio of ON24 Experience products include ON24 Elite, a live, interactive webinar experience; ON24 Forums, a live, interactive experience that facilitates video-to-video interaction between presenters and audiences; ON24 Engagement Hub, an always-on, rich multimedia content experience; ON24 Target, a personalized and curated, rich landing page experience; ON24 Breakouts, and ON24 Go Live. Its ON24 Experience products are backed by its solutions, including ON24 Intelligence, ON24 Connect, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
