On Holding AG (NYSE:ONON) Receives $59.48 Consensus Target Price from Brokerages

On Holding AG (NYSE:ONON) has earned an average rating of “Moderate Buy” from the twenty-four ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $59.2381.

Several equities analysts have recently weighed in on ONON shares. Zacks Research lowered shares of ON from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Barclays dropped their target price on shares of ON from $60.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, March 4th. KeyCorp reissued an “overweight” rating on shares of ON in a research note on Wednesday, March 4th. Weiss Ratings restated a “sell (d+)” rating on shares of ON in a research report on Thursday, January 22nd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of ON in a report on Wednesday, March 4th.

ON News Roundup

Here are the key news stories impacting ON this week:

• Positive Sentiment: Telsey Advisory Group trimmed its price target to $60 but kept an Outperform rating, signaling the firm still sees medium‑term upside despite near‑term concern. Telsey lowers PT
• Positive Sentiment: Management transition includes co‑CEO arrangements and a new CFO, which management frames as a planned succession that could preserve strategy and brand continuity — a stabilizing message for long‑term investors. Yahoo Finance valuation piece
• Neutral Sentiment: Unusual options activity: traders bought a large volume of put options (about 19,421 contracts), indicating elevated short‑term hedging or bearish bets that can increase volatility. (No article link provided)
• Negative Sentiment: Two law firms (Pomerantz LLP and Johnson Fistel) launched investigations into On on behalf of shareholders, raising legal overhang risk and potential litigation costs. Pomerantz alert Johnson Fistel notice
• Negative Sentiment: CEO Martin Hoffmann sold ~4,150 shares (disclosed SEC Form 4). While small relative to his stake, the sale timed near the leadership announcement likely amplified investor unease. InsiderTrades alert
• Negative Sentiment: Market reaction: coverage and headlines (e.g., Schaeffers/Zacks) show the stock has experienced sharp intraday selling and a steep recent decline as investors price in execution risk and uncertainty around growth. Schaeffers story Zacks market note

ON Trading Up 1.0%

Shares of ONON stock opened at $32.44 on Tuesday. The stock has a 50-day simple moving average of $43.23 and a 200 day simple moving average of $43.63. The stock has a market capitalization of $20.70 billion, a P/E ratio of 45.05, a P/E/G ratio of 0.65 and a beta of 2.14. ON has a fifty-two week low of $31.41 and a fifty-two week high of $61.29. The company has a quick ratio of 2.13, a current ratio of 2.71 and a debt-to-equity ratio of 0.27.

Insider Activity

In related news, CEO Martin Hoffmann sold 4,150 shares of ON stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $39.79, for a total value of $165,128.50. Following the transaction, the chief executive officer directly owned 1,357,020 shares in the company, valued at $53,995,825.80. The trade was a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 68.57% of the stock is owned by insiders.

Hedge Funds Weigh In On ON

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley raised its holdings in ON by 40.9% during the 4th quarter. Morgan Stanley now owns 24,119,871 shares of the company’s stock worth $1,121,092,000 after buying an additional 6,997,455 shares during the period. Platinum Paramount Investment LTD. acquired a new position in shares of ON in the fourth quarter worth about $525,784,000. Sinvest Investments II Ltd. acquired a new position in shares of ON in the fourth quarter worth about $390,432,000. Sands Capital Management LLC increased its position in shares of ON by 46.7% in the third quarter. Sands Capital Management LLC now owns 6,769,430 shares of the company’s stock worth $286,685,000 after acquiring an additional 2,155,083 shares in the last quarter. Finally, Bamco Inc. NY increased its position in shares of ON by 13.9% in the fourth quarter. Bamco Inc. NY now owns 5,405,486 shares of the company’s stock worth $251,247,000 after acquiring an additional 658,933 shares in the last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Company Profile

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.