<div id="readability-page-1"><p><span>ON (NYSE:ONON - Get Free Report)</span> had its price objective dropped by Needham &amp; Company LLC  from $52.00 to $45.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a &#34;buy&#34; rating on the stock. Needham &amp; Company LLC's price target points to a potential upside of 34.91% from the company's previous close.</p><ul><li>On Holdings Sets Up for Marathon Rally: New Highs Are Coming</li></ul><p>ONON has been the subject of several other reports. Telsey Advisory Group decreased their price target on shares of ON from $65.00 to $60.00 and set an &#34;outperform&#34; rating for the company in a research report on Wednesday, March 25th. Weiss Ratings  reissued a &#34;sell (d+)&#34; rating on shares of ON in a research report on Tuesday, April 21st. Stifel Nicolaus  set a $58.00 price target on shares of ON in a research report on Tuesday, March 3rd. Raymond James Financial raised shares of ON from an &#34;outperform&#34; rating to a &#34;strong-buy&#34; rating and set a $52.00 price target for the company in a research report on Thursday, April 23rd. Finally, KeyCorp  reissued an &#34;overweight&#34; rating on shares of ON in a research report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued  a Hold rating and two have assigned  a Sell rating to the stock. According to MarketBeat.com, the stock  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $58.05.</p><p><b>Check Out Our Latest Stock Analysis on ONON</b></p><h2>ON Stock Down 2.0%</h2><ul><li>Down 75% From Its High, How Much Lower Can Nike Get?</li></ul><p>NYSE:ONON traded down $0.68 during mid-day trading on Tuesday, reaching $33.36. The company's stock had a trading volume of 10,311,371 shares, compared to its average volume of 6,101,777. ON has a 1 year low of $31.41 and a 1 year high of $61.29. The stock has a fifty day moving average of $36.98 and a 200-day moving average of $41.97. The firm has a market capitalization of $21.28 billion, a PE ratio of 46.33, a price-to-earnings-growth ratio of 0.71 and a beta of 2.09. The company has a quick ratio of 2.13, a current ratio of 2.71 and a debt-to-equity ratio of 0.27. </p><h2>Insider Activity</h2><p>In other news, CEO Martin Hoffmann sold 4,150 shares of the company's stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $35.84, for a total transaction of $148,736.00. Following the transaction, the chief executive officer owned 1,385,099 shares in the company, valued at $49,641,948.16. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,750 shares of company stock worth $745,838 in the last 90 days. Corporate insiders own  68.57% of the company's stock. </p><h2>Hedge Funds Weigh In On ON</h2><ul><li>After Cooling Off, On Holding May Be Ready to Sprint Higher</li></ul><p>Several hedge funds have recently modified their holdings of the stock. Jacobi Capital Management LLC increased its holdings in shares of  ON by 3.6% during the fourth quarter. Jacobi Capital Management LLC now owns 6,875 shares of the company's stock valued at $320,000 after acquiring an additional 240 shares in the last quarter.  Parallel Advisors LLC increased its holdings in shares of  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 acquiring an additional 285 shares in the last quarter.  J.W. Cole Advisors Inc. increased its holdings in shares of  ON by 2.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 12,283 shares of the company's stock valued at $571,000 after acquiring an additional 285 shares in the last quarter.  Parsons Capital Management Inc. RI increased its holdings in shares of  ON by 4.3% during the third quarter. Parsons Capital Management Inc. RI now owns 7,238 shares of the company's stock valued at $307,000 after acquiring an additional 300 shares in the last quarter.  Finally, MetLife Investment Management LLC increased its holdings in shares of  ON by 2.2% during the fourth quarter. MetLife Investment Management LLC now owns 14,411 shares of the company's stock valued at $670,000 after acquiring an additional 308 shares in the last quarter. Institutional investors and hedge funds own  36.39% of the company's stock. </p><h2>ON News Roundup</h2><p>Here are the key news stories impacting ON this week:</p><ul>   <li><span>Positive Sentiment: </span>On Holding beat Q1 earnings and revenue expectations, reporting $0.46-$0.47 per share versus estimates around $0.35, while revenue rose about 14.5% year over year to roughly $1.04 billion. <i></i><span>Article Title</span></li>   <li><span>Positive Sentiment: </span>The company raised its full-year profitability outlook, signaling improving leverage and management confidence in continued growth. <i></i><span>Article Title</span></li>   <li><span>Positive Sentiment: </span>Investor enthusiasm is being supported by market-share gains in core categories and strong growth in China, which offset some pressure from softer direct-to-consumer sales. <i></i><span>Article Title</span></li>   <li><span>Neutral Sentiment: </span>Q1 results were also broadly in line with Reuters/AP snapshot coverage, reinforcing the earnings beat but adding little new information for investors. <i></i><span>Article Title</span></li>   <li><span>Negative Sentiment: </span>Some traders had already priced in a strong quarter ahead of earnings, and analyst commentary noted the stock had slipped before the report due to earnings-event uncertainty. <i></i><span>Article Title</span></li> </ul><h2>About ON</h2> (Get Free Report)<p>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. </p><p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than ON</li><li>The Event That Could Redefine Apple’s Summer Rally</li><li>Hims &amp; Hers Stock Plunges After Q1 Miss: Is the GLP-1 Pivot Enough to Fuel a Recovery?</li><li>Rocket Lab Just Hit a New All-Time High—Time to Buy or Let It Breathe?</li><li>Shake Shack Stock Gets Shaken After Earnings Miss</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9OT04?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9OT04"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in ON Right Now?</h2><p>Before you consider ON, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ON wasn't on the list.</p><p>While ON currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ONON

<p>Needham & Company LLC has lowered its price target for ON (NYSE:ONON) from $52.00 to $45.00 while maintaining a "buy" rating. This adjustment suggests a potential upside of 34.91% from the previous close. Other analysts have also adjusted their ratings, with a consensus target price of $58.05. ON's stock is currently trading at $33.36, down 2.0%, with a market cap of $21.28 billion. Insider trading activity has been noted, with CEO Martin Hoffmann selling shares recently.</p>

Needham & Company LLC Lowers ON (NYSE:ONON) Price Target to $45.00