Insider Buying: Oxford Nanopore Technologies (LON:ONT) Insider Acquires 89 Shares of Stock

Key Points

• Insider Nick Keher purchased 89 shares of Oxford Nanopore Technologies at an average price of GBX 169 per share, totaling £150.41.
• The company's stock has seen a 2.1% decline with a current trading price of GBX 166.51, compared to its one-year high of GBX 224.80.
• Analysts have a consensus buy rating for the stock, with target prices ranging from GBX 210 to GBX 280, indicating optimism about its future performance.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) insider Nick Keher purchased 89 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were purchased at an average price of GBX 169 per share, for a total transaction of £150.41.

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

• On Wednesday, August 13th, Nick Keher purchased 73 shares of Oxford Nanopore Technologies stock. The shares were acquired at an average cost of GBX 204 per share, for a total transaction of £148.92.
• On Monday, July 14th, Nick Keher purchased 101 shares of Oxford Nanopore Technologies stock. The stock was bought at an average price of GBX 149 per share, with a total value of £150.49.

Oxford Nanopore Technologies Price Performance

LON ONT traded up GBX 4.70 during trading on Wednesday, hitting GBX 162.30. 5,380,323 shares of the stock traded hands, compared to its average volume of 5,739,046. The company has a market capitalization of £1.56 billion, a P/E ratio of -1,096.62 and a beta of 0.80. The firm has a 50-day simple moving average of GBX 186.73 and a 200-day simple moving average of GBX 142.04. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07. Oxford Nanopore Technologies plc has a 12-month low of GBX 88.60 and a 12-month high of GBX 224.80.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported GBX (7.50) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank Of Canada boosted their target price on Oxford Nanopore Technologies from GBX 250 to GBX 280 and gave the stock an "outperform" rating in a research note on Monday, September 8th. Citigroup lifted their price target on Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 250 price target on shares of Oxford Nanopore Technologies in a research report on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Oxford Nanopore Technologies from GBX 190 to GBX 210 and gave the stock a "buy" rating in a research report on Thursday, September 11th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of GBX 245.

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.