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Ondo InsurTech Plc ( (GB:ONDO) ) has provided an announcement.
Ondo InsurTech Plc announced the purchase of 15,468 ordinary shares for its Share Incentive Plan (SIP), benefiting employees including CEO Craig Foster and CFO Kevin Withington. This initiative, approved by HM Revenue and Customs, allows employees to acquire shares using pre-tax salary contributions, promoting employee ownership and aligning interests with shareholders.
The most recent analyst rating on (GB:ONDO) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Ondo InsurTech Plc stock, see the GB:ONDO Stock Forecast page.
Spark’s Take on GB:ONDO Stock
According to Spark, TipRanks’ AI Analyst, GB:ONDO is a Neutral.
Ondo InsurTech Plc’s overall stock score is primarily impacted by its financial performance, which shows strong revenue growth but significant challenges in profitability and financial stability. The technical analysis provides some positive momentum, but the valuation is weak due to a negative P/E ratio and lack of dividends. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:ONDO stock, click here.
More about Ondo InsurTech Plc
Ondo InsurTech Plc is a leading provider of claims prevention technology for home insurers, focusing on the global expansion of LeakBot, a patented solution that detects and prevents water damage in homes. The company partners with 25 insurance carriers across Europe and the USA, and holds the London Stock Exchange Green Economy Mark for its green activities.
Average Trading Volume: 594,161
Technical Sentiment Signal: Strong Buy
Current Market Cap: £42.9M
For detailed information about ONDO stock, go to TipRanks’ Stock Analysis page.