Telsey Advisory Group Lowers ON (NYSE:ONON) Price Target to $60.00

ON (NYSE:ONON) had its target price dropped by stock analysts at Telsey Advisory Group from $65.00 to $60.00 in a note issued to investors on Wednesday, Marketbeat.com reports. The firm currently has an “outperform” rating on the stock. Telsey Advisory Group’s price target indicates a potential upside of 86.89% from the stock’s previous close.

A number of other equities research analysts have also recently commented on ONON. Weiss Ratings restated a “sell (d+)” rating on shares of ON in a report on Thursday, January 22nd. Guggenheim cut their price objective on shares of ON from $59.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. UBS Group reaffirmed a “buy” rating on shares of ON in a research report on Thursday, February 19th. BTIG Research reaffirmed a “buy” rating and set a $70.00 price target on shares of ON in a research note on Tuesday, March 3rd. Finally, Williams Trading lowered ON from a “buy” rating to a “hold” rating and cut their price target for the stock from $55.00 to $47.00 in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, ON has an average rating of “Moderate Buy” and a consensus price target of $59.24.

ON Stock Performance

Shares of ONON stock opened at $32.10 on Wednesday. The firm has a 50 day moving average of $43.48 and a 200-day moving average of $43.73. The company has a market cap of $20.49 billion, a price-to-earnings ratio of 44.59, a price-to-earnings-growth ratio of 0.70 and a beta of 2.14. The company has a quick ratio of 2.13, a current ratio of 2.71 and a debt-to-equity ratio of 0.27. ON has a 52 week low of $32.05 and a 52 week high of $61.29.

Insiders Place Their Bets

In related news, CEO Martin Hoffmann sold 4,150 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $39.79, for a total value of $165,128.50. Following the transaction, the chief executive officer owned 1,357,020 shares of the company’s stock, valued at approximately $53,995,825.80. This trade represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 68.57% of the company’s stock.

Institutional Trading of ON

Several institutional investors and hedge funds have recently modified their holdings of ONON. Bison Wealth LLC boosted its position in shares of ON by 35.7% during the fourth quarter. Bison Wealth LLC now owns 9,291 shares of the company’s stock valued at $509,000 after buying an additional 2,442 shares during the last quarter. Cetera Investment Advisers raised its position in ON by 3.6% in the 2nd quarter. Cetera Investment Advisers now owns 50,046 shares of the company’s stock valued at $2,605,000 after buying an additional 1,742 shares during the last quarter. Legal & General Group Plc raised its position in ON by 53.7% in the 2nd quarter. Legal & General Group Plc now owns 93,256 shares of the company’s stock valued at $4,854,000 after buying an additional 32,578 shares during the last quarter. Franklin Resources Inc. lifted its stake in ON by 5.0% during the 2nd quarter. Franklin Resources Inc. now owns 1,022,424 shares of the company’s stock valued at $53,217,000 after acquiring an additional 48,942 shares in the last quarter. Finally, Rhumbline Advisers bought a new position in ON during the 2nd quarter valued at $11,846,000. 36.39% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting ON

Here are the key news stories impacting ON this week:

• Positive Sentiment: Co‑founders David Allemann and Caspar Coppetti named co‑CEOs, which may preserve strategy and brand continuity and reduce disruption risk from the leadership change. BusinessWire announcement
• Positive Sentiment: Some sell‑side support remains: Telsey trimmed its target but kept an Outperform rating, signaling analysts still see medium‑term upside despite near‑term noise. Benzinga
• Neutral Sentiment: Investors are reassessing valuation after the co‑CEO move and a new CFO announcement; several pieces note this is a valuation/strategy reset rather than a fundamental collapse. Yahoo Finance valuation check
• Neutral Sentiment: ON is a trending, closely watched name with elevated volume and institutional interest — that attention amplifies intraday swings in either direction. Zacks trending note
• Negative Sentiment: Longtime CEO Martin Hoffmann stepped down (to an advisor role), a change that spooked investors concerned about near‑term execution amid slowing growth. CNBC
• Negative Sentiment: Johnson Fistel has opened an investigation into potential securities claims against On and its executives, introducing legal risk and added headline volatility. GlobeNewsWire
• Negative Sentiment: Bearish flows and insider timing: unusual put buying was reported and CEO Martin Hoffmann sold ~4,150 shares last week — both factors have likely amplified negative sentiment and intraday selling pressure. InsiderTrades / SEC filing

About ON

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.