On Holding AG (NYSE:ONON – Get Free Report)’s stock price reached a new 52-week low on Thursday after an insider sold shares in the company. The stock traded as low as $34.14 and last traded at $33.9570, with a volume of 708539 shares trading hands. The stock had previously closed at $35.16.
Specifically, CEO Martin Hoffmann sold 4,150 shares of the 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 completion of the sale, the chief executive officer owned 1,357,020 shares in the company, valued at $53,995,825.80. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Wall Street Analyst Weigh In
Several analysts have recently commented on ONON shares. Truist Financial decreased their target price on ON from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Telsey Advisory Group reduced their price objective on ON from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday. Barclays decreased their price objective on ON from $60.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, March 4th. KeyCorp reaffirmed an “overweight” rating on shares of ON in a research note on Wednesday, March 4th. Finally, UBS Group reiterated a “buy” rating on shares of ON in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $59.24.
ON News Roundup
Here are the key news stories impacting ON this week:
- Positive Sentiment: Co‑founders David Allemann and Caspar Coppetti were named co‑CEOs — preserves founder control and signals continuity of brand/strategy, which may calm longer‑term investors. Read More.
- Positive Sentiment: Sell‑side support remains: Telsey cut its price target from $65 to $60 but kept an Outperform rating, indicating analysts still see material upside despite the near‑term shock. Read More.
- Neutral Sentiment: Analyst consensus stays roughly a “moderate buy” with many Buy/Outperform ratings—mixed signals that can limit a sustained rout if fundamentals hold. Read More.
- Neutral Sentiment: ON is a trending/closely watched ticker; heightened attention can amplify volatility and makes intraday moves less predictive of long‑term value. Read More.
- Negative Sentiment: CEO Martin Hoffmann stepped down to an advisor role — a leadership shakeup amid slowing growth unnerved investors and raised short‑term execution concerns. Read More.
- Negative Sentiment: Insider sale by Hoffmann (4,150 shares) was disclosed; although small relative to his stake, the timing near the leadership announcement likely amplified negative sentiment. Read More.
- Negative Sentiment: Market reaction: heavy selling pushed the stock sharply lower (large intraday decline and increased volume), reflecting short‑term risk aversion around leadership and growth outlook. Read More.
ON Trading Down 4.2%
The company has a fifty day simple moving average of $43.76 and a two-hundred day simple moving average of $43.81. The company has a market capitalization of $21.50 billion, a P/E ratio of 46.96, a price-to-earnings-growth ratio of 0.79 and a beta of 2.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.71 and a quick ratio of 2.13.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in ONON. Jacobi Capital Management LLC lifted its holdings in ON by 3.6% in the 4th quarter. Jacobi Capital Management LLC now owns 6,875 shares of the company’s stock worth $320,000 after purchasing an additional 240 shares during the last quarter. Lido Advisors LLC grew its holdings in ON by 1.2% during the second quarter. Lido Advisors LLC now owns 23,754 shares of the company’s stock valued at $1,236,000 after purchasing an additional 285 shares during the last quarter. Parallel Advisors LLC grew its holdings in ON by 2.8% during the fourth quarter. Parallel Advisors LLC now owns 10,455 shares of the company’s stock valued at $486,000 after purchasing an additional 285 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in shares of ON by 2.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 12,283 shares of the company’s stock valued at $571,000 after purchasing an additional 285 shares during the period. Finally, Parsons Capital Management Inc. RI raised its position in shares of ON by 4.3% in the third quarter. Parsons Capital Management Inc. RI now owns 7,238 shares of the company’s stock valued at $307,000 after purchasing an additional 300 shares during the period. 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.
See Also
Receive News & Ratings for ON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON and related companies with MarketBeat.com's FREE daily email newsletter.
