Insider Buying: Oxford Nanopore Technologies (LON:ONT) Insider Acquires £148.35 in Stock

Oxford Nanopore Technologies plc (LON:ONT) insider Nick Keher acquired 69 shares of the business’s stock in a transaction on Wednesday, October 14th. The stock was acquired at an average price of GBX 215 per share, with a total value of £148.35.

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

• On Monday, September 14th, Nick Keher purchased 96 shares of Oxford Nanopore Technologies stock. The stock was bought at an average price of GBX 157 per share, with a total value of £150.72.
• On Friday, September 4th, Nick Keher acquired 15,325 shares of Oxford Nanopore Technologies stock. The shares were bought at an average price of GBX 162 per share, for a total transaction of £24,826.50.
• On Wednesday, August 12th, Nick Keher acquired 115 shares of Oxford Nanopore Technologies stock. The shares were bought at an average cost of GBX 131 per share, for a total transaction of £150.65.

Oxford Nanopore Technologies Trading Down 1.1%

LON:ONT traded down GBX 2.40 during trading hours on Wednesday, hitting GBX 208.60. The company had a trading volume of 1,681,754 shares, compared to its average volume of 9,552,693. Oxford Nanopore Technologies plc has a 1 year low of GBX 95.61 and a 1 year high of GBX 238.80. The company has a market cap of £2.04 billion, a P/E ratio of -16.69 and a beta of 0.87. The company has a 50-day moving average of GBX 169.50 and a 200 day moving average of GBX 136.77. The company has a current ratio of 3.52, a quick ratio of 6.01 and a debt-to-equity ratio of 9.86.

Oxford Nanopore Technologies (LON:ONT) last released its quarterly earnings data on Wednesday, August 19th. The company reported GBX (4.90) earnings per share (EPS) 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

Several brokerages have recently issued reports on ONT. JPMorgan Chase & Co. increased their price target on shares of Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Peel Hunt reaffirmed a “hold” rating and set a GBX 153 target price on shares of Oxford Nanopore Technologies in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 195 target price on shares of Oxford Nanopore Technologies in a report on Thursday, August 20th. Berenberg Bank reduced their target price on shares of Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Finally, Citigroup cut shares of Oxford Nanopore Technologies to a “buy” rating in a research report on Monday, July 20th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Oxford Nanopore Technologies presently has a consensus rating of “Moderate Buy” and an average 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.