After this morning's 3.0% surge to $45.9 per share, On might just keep moving past its target price of $45.79. With an average analyst rating of buy, and target prices from $21.11 to $58.83, the stock's next move is anyone's guess.
The stock has an above average percentage of its shares sold short at 13.7%, and a short ratio of 6.83. The company's insiders own 25.69% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 67.6% of On's shares being owned by this investor type.
Institutions Invested in On
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | FMR, LLC | 10% | 28,421,527 | $1,304,548,132 |
| 2024-06-30 | Morgan Stanley | 7% | 19,636,362 | $901,309,045 |
| 2024-06-30 | Alliancebernstein L.P. | 4% | 11,175,290 | $512,945,828 |
| 2024-06-30 | Select Equity Group, Inc. | 3% | 7,417,811 | $340,477,536 |
| 2024-06-30 | Blackrock Inc. | 2% | 6,283,938 | $288,432,763 |
| 2024-06-30 | Wellington Management Group, LLP | 2% | 6,049,602 | $277,676,741 |
| 2024-06-30 | American Century Companies Inc | 2% | 5,833,371 | $267,751,737 |
| 2024-06-30 | Macquarie Group Limited | 2% | 5,046,913 | $231,653,314 |
| 2024-06-30 | Nuveen Asset Management, LLC | 1% | 3,734,560 | $171,416,309 |
| 2024-06-30 | William Blair Investment Management, LLC | 1% | 3,215,444 | $147,588,884 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on On.
