Oxford Nanopore Technologies (LON:ONT) Insider Nick Keher Buys 115 Shares

Key Points

• Insider buying: Oxford Nanopore director Nick Keher purchased 115 shares at GBX 131 each, worth £150.65. This follows two additional purchases totaling 244 shares in June and July.
• Share performance: The stock fell GBX 2.80 to GBX 127.20 during Wednesday trading, with a market capitalization of approximately £1.24 billion.
• Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with four Buy ratings and one Hold rating; the average price target is GBX 205.75, substantially above the reported trading price.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) insider Nick Keher bought 115 shares of the business's stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average cost of GBX 131 per share, with a total value of £150.65.

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

• 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, for a total transaction of £148.83.
• On Friday, June 12th, Nick Keher bought 121 shares of Oxford Nanopore Technologies stock. The stock was purchased at an average cost of GBX 124 per share, for a total transaction of £150.04.

Oxford Nanopore Technologies Price Performance

Shares of LON:ONT traded down GBX 2.80 during midday trading on Wednesday, hitting GBX 127.20. 1,172,217 shares of the stock were exchanged, compared to its average volume of 9,880,152. Oxford Nanopore Technologies plc has a twelve month low of GBX 95.61 and a twelve month high of GBX 224.80. The company has a current ratio of 3.56, a quick ratio of 6.01 and a debt-to-equity ratio of 8.96. The company has a 50 day moving average price of GBX 118.88 and a 200-day moving average price of GBX 124.24. The stock has a market cap of £1.24 billion, a P/E ratio of -8.42 and a beta of 0.92.

Analysts Set New Price Targets

ONT has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 225 target price on shares of Oxford Nanopore Technologies in a report on Tuesday, May 26th. Berenberg Bank cut their price target on Oxford Nanopore Technologies from GBX 230 to GBX 220 and set a "buy" rating for the company in a report on Monday, July 13th. Peel Hunt reaffirmed a "hold" rating and set a GBX 153 price objective on shares of Oxford Nanopore Technologies in a research note on Monday, July 13th. Finally, Citigroup cut Oxford Nanopore Technologies to a "buy" rating in a research report on Monday, July 20th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 205.75.

Oxford Nanopore Technologies Company Profile

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.

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