Insider Buying: Oxford Nanopore Technologies (LON:ONT) Insider Acquires £150.72 in Stock

Key Points

• Insider buying: Nick Keher purchased 96 Oxford Nanopore shares for £150.72 on September 14, following several earlier purchases, including 15,325 shares bought for £24,826.50 on September 4.
• Stock performance and fundamentals: Shares traded around GBX 155.98, above their 50-day and 200-day moving averages, but the company remains unprofitable, reporting quarterly EPS of GBX (4.90), a negative net margin of 54.66%, and negative return on equity.
• Analyst outlook: Oxford Nanopore has a consensus “Moderate Buy” rating from six analysts, with five Buys and one Hold, and an average price target of GBX 198.60.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) insider Nick Keher bought 96 shares of the business's stock in a transaction dated Monday, September 14th. The shares were acquired at an average cost of GBX 157 per share, for a total transaction of £150.72.

Nick Keher also recently made the following trade(s):

• On Friday, September 4th, Nick Keher bought 15,325 shares of Oxford Nanopore Technologies stock. The stock was acquired at an average price of GBX 162 per share, for a total transaction of £24,826.50.
• On Wednesday, August 12th, Nick Keher bought 115 shares of Oxford Nanopore Technologies stock. The stock was bought at an average price of GBX 131 per share, for a total transaction of £150.65.
• On Tuesday, July 14th, Nick Keher purchased 123 shares of Oxford Nanopore Technologies stock. The stock was purchased at an average price of GBX 121 per share, with a total value of £148.83.

Oxford Nanopore Technologies Trading Down 0.0%

LON:ONT traded down GBX 0.05 during midday trading on Monday, hitting GBX 155.98. The stock had a trading volume of 1,072,999 shares, compared to its average volume of 10,261,299. The stock has a 50-day moving average of GBX 134.37 and a 200 day moving average of GBX 125.65. The company has a market capitalization of £1.52 billion, a price-to-earnings ratio of -12.48 and a beta of 0.96. Oxford Nanopore Technologies plc has a one year low of GBX 95.61 and a one year high of GBX 191.40. The company has a quick ratio of 6.01, a current ratio of 3.52 and a debt-to-equity ratio of 9.86.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last issued its earnings results on Wednesday, August 19th. The company reported GBX (4.90) earnings per share for the quarter. Oxford Nanopore Technologies had a negative return on equity of 35.45% and a negative net margin of 54.66%.

Analyst Ratings Changes

ONT has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the company an "overweight" rating in a report on Thursday, August 27th. Peel Hunt reiterated a "hold" rating and issued a GBX 153 price target on shares of Oxford Nanopore Technologies in a report on Monday, July 13th. Royal Bank Of Canada restated an "outperform" rating and set a GBX 225 price objective on shares of Oxford Nanopore Technologies in a research note on Tuesday, May 26th. Berenberg Bank reduced their target price on shares of Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a "buy" rating for the company in a report on Wednesday, August 19th. Finally, Citigroup lowered shares of Oxford Nanopore Technologies to a "buy" rating in a research report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 198.60.

About Oxford Nanopore Technologies

Oxford Nanopore Technologies' goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere. The Group has developed a new generation of nanopore-based sensing technology that is currently used for real-time, high-performance, accessible, and scalable analysis of DNA and RNA. The technology is used in more than 125 countries, to understand the biology of humans, plants, animals, bacteria, viruses and environments as well as to understand diseases such as cancer.

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.