Market Sentiment – What Investors Are Saying

This afternoon we watched On rise 2.8% to a price of $33.48 per share. The Large-Cap Footwear & Accessories company is now trading -8.51% below its average target price of $36.6. Analysts have set target prices ranging from $20.95 to $53.0 per share for On, and have given the stock an average rating of buy.

On has an elevated short interest of 13.4%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 4.27. The company's insiders own 25.87% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. 58.1% of On shares are held by institutional investors, which indicates a high level of confidence in the stock.

Institutions Invested in On

Date Reported Holder Percentage Shares Value
2023-12-31 FMR, LLC 10% 28,358,626 $949,588,608
2023-12-31 Morgan Stanley 6% 17,763,007 $594,794,300
2023-12-31 American Century Companies Inc 4% 10,163,158 $340,313,351
2023-12-31 Select Equity Group, Inc. 3% 9,111,805 $305,108,795
2023-12-31 Macquarie Group Limited 2% 5,426,008 $181,689,881
2023-12-31 Blackrock Inc. 2% 5,175,464 $173,300,415
2023-12-31 Anomaly Capital Management, LP 2% 4,493,122 $150,452,192
2023-12-31 Nuveen Asset Management, LLC 1% 4,033,481 $135,061,113
2023-12-31 Marshall Wace LLP 1% 3,577,635 $119,797,110
2023-12-31 BAMCO Inc. 1% 3,524,993 $118,034,392

For these reasons, we consider that the On is the subject of mixed market sentiment.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.