Duality Advisers LP Takes $1.16 Million Position in On Holding AG (NYSE:ONON)

Duality Advisers LP bought a new position in shares of On Holding AG (NYSE:ONON) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 42,986 shares of the company’s stock, valued at approximately $1,159,000.

Other institutional investors have also bought and sold shares of the company. Spire Wealth Management increased its holdings in shares of ON by 91.0% during the third quarter. Spire Wealth Management now owns 972 shares of the company’s stock worth $27,000 after buying an additional 463 shares in the last quarter. Asset Dedication LLC acquired a new stake in ON during the 3rd quarter valued at $35,000. Signaturefd LLC raised its position in ON by 816.7% in the 3rd quarter. Signaturefd LLC now owns 1,375 shares of the company’s stock valued at $38,000 after purchasing an additional 1,225 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in ON by 63.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,521 shares of the company’s stock worth $42,000 after purchasing an additional 592 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its holdings in shares of ON by 34.8% during the third quarter. Pittenger & Anderson Inc. now owns 1,550 shares of the company’s stock worth $43,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 33.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ONON shares. Redburn Atlantic reaffirmed a “neutral” rating and issued a $34.00 price target on shares of ON in a report on Thursday, March 7th. Piper Sandler boosted their target price on shares of ON from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. William Blair assumed coverage on shares of ON in a research note on Tuesday, April 16th. They set an “outperform” rating on the stock. Truist Financial boosted their price objective on shares of ON from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, March 13th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $37.00 price objective on shares of ON in a report on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.13.

ON Stock Performance

ON stock opened at $32.54 on Wednesday. The stock has a 50-day simple moving average of $33.12 and a 200 day simple moving average of $29.45. The stock has a market capitalization of $20.49 billion, a P/E ratio of 120.52, a PEG ratio of 1.12 and a beta of 2.16. On Holding AG has a 52 week low of $23.41 and a 52 week high of $37.08.

ON (NYSE:ONON) last issued its earnings results on Tuesday, March 12th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.18). ON had a return on equity of 6.85% and a net margin of 4.04%. The business had revenue of $504.69 million for the quarter, compared to the consensus estimate of $515.30 million. Research analysts forecast that On Holding AG will post 0.65 earnings per share for the current year.

ON Company Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.