Stocks of On Holding AG (NYSE:ONON) traded higher last session on Wall Street, down -4.61% to $26.06.
According to the data, On Holding AG (NYSE:ONON) has 17 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $42.14 and a low of $17.93, we find $31.75. Given the previous closing price of $27.32, this indicates a potential upside of 16.22 percent. ONON stock price is now -18.26% away from the 50-day moving average and -4.65% away from the 200-day moving average. The market capitalization of the company currently stands at $8.29B.
A total of 2 analysts have issued a hold rating and 12 have given it a buy rating. Brokers who have rated the stock have averaged $31.64 as their price target over the next twelve months.
With the price target of $40, Needham recently initiated with Buy rating for On Holding AG (NYSE: ONON).
A total of 41.59% 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 HOOD RIVER CAPITAL MANAGEMENT LLC during the first quarter worth $55,027,000. BALYASNY ASSET MANAGEMENT L.P. invested $21,317,000 in shares of ONON during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in On Holding AG valued at approximately $20,750,000. NEUBERGER BERMAN GROUP LLC acquired a new stake in ONON for approximately $15,739,000. LANDSCAPE CAPITAL MANAGEMENT, L.L.C. purchased a new stake in ONON valued at around $12,368,000 in the second quarter. In total, there are 293 active investors with 36.37% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $27.00 for On Holding AG (NYSE: ONON). During the past 12 months, On Holding AG has had a low of $15.44 and a high of $37.08. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 3.51, and a quick ratio of 2.19. The fifty day moving average price for ONON is $31.70 and a two-hundred day moving average price translates $27.37 for the stock.
The latest earnings results from On Holding AG (NYSE: ONON) was released for Jun, 2023. The net profit margin was 2.73% and return on equity was 4.29% for ONON. The company reported revenue of $494.24 million for the quarter, compared to $302.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 63.63 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.
