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Ondo InsurTech Plc ( (GB:ONDO) ) just unveiled an update.
Ondo InsurTech PLC has announced that Indiana Farm Bureau Insurance is expanding its deployment of the LeakBot device following a successful pilot program. The pilot, which involved 10,000 devices, demonstrated significant claims savings and high customer satisfaction, prompting IFB to double the rollout to 20,000 devices. This expansion reflects LeakBot’s effectiveness in preventing costly water damage and enhancing customer satisfaction, strengthening Ondo’s position in the claims prevention technology market.
The most recent analyst rating on (GB:ONDO) stock is a Hold with a £31.00 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 is a major concern due to negative profitability and high leverage. Technical analysis provides a neutral outlook, while valuation metrics highlight ongoing financial challenges.
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 device designed to prevent water damage claims. The company partners with 26 insurance carriers across Europe and the USA and holds the London Stock Exchange Green Economy Mark for its green activities.
Average Trading Volume: 623,599
Technical Sentiment Signal: Strong Buy
Current Market Cap: £43.38M
Learn more about ONDO stock on TipRanks’ Stock Analysis page.