The price of On Holding AG (NYSE:ONON) shares last traded on Wall Street fell -9.72% to $30.19.
Based on available information, 12 analysts follow On Holding AG (NYSE:ONON). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $36.74 and a low of $17.74, we find $31.81. Given the previous closing price of $33.44, this indicates a potential downside of -4.87 percent. ONON stock price is now 3.13% away from the 50-day moving average and 37.53% away from the 200-day moving average. The market capitalization of the company currently stands at $8.58B.
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Among analysts, 1 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $30.53 as their price target over the next twelve months.
With the price target maintained at $33, Robert W. Baird recently Downgraded its rating from Outperform to Neutral for On Holding AG (NYSE: ONON). On March 16, 2023, Wedbush Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $20 to quote $25, while ‘Goldman’ rates the stock as ‘Buy’.
A total of 33.16% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ONON stock. A new stake in On Holding AG shares was purchased by JERICHO CAPITAL ASSET MANAGEMENT L.P. during the first quarter worth $83,255,000. D. E. SHAW & CO., INC. invested $57,702,000 in shares of ONON during the first quarter. In the first quarter, ANOMALY CAPITAL MANAGEMENT, LP acquired a new stake in On Holding AG valued at approximately $48,248,000. MANCHESTER GLOBAL MANAGEMENT (UK) LTD acquired a new stake in ONON for approximately $11,228,000. SPX GESTAO DE RECURSOS LTDA purchased a new stake in ONON valued at around $10,271,000 in the second quarter. In total, there are 255 active investors with 39.60% ownership of the company’s stock.
A candlestick chart of On Holding AG (NYSE: ONON) showed a price of $31.32 on Tuesday morning. During the past 12 months, On Holding AG has had a low of $15.44 and a high of $34.88. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 4.30, and a quick ratio of 2.70. The fifty day moving average price for ONON is $29.43 and a two-hundred day moving average price translates $21.99 for the stock.
The latest earnings results from On Holding AG (NYSE: ONON) was released for Dec, 2022. The net profit margin was 4.70% and return on equity was 6.20% for ONON. The company reported revenue of $383.85 million for the quarter, compared to $237.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 61.59 percent.
On Holding AG(ONON) Company Profile
On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. The company was founded in 2010 and is headquartered in Zurich, Switzerland.
