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Ondo InsurTech Plc ( (GB:ONDO) ) has provided an update.
Ondo InsurTech Plc has updated its agreement with If P&C Insurance to expand the distribution of its LeakBot technology in Denmark, following If’s acquisition and integration of Topdanmark. This strategic move allows If, now Denmark’s second-largest insurance provider, to offer LeakBot to a broader Danish customer base, enhancing proactive leak prevention services and potentially reducing water damage claims costs significantly.
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 technology designed to prevent water damage claims in homes. LeakBot is a patented, self-install solution that alerts customers to leaks via a mobile app and offers expert repair services. Ondo partners with 25 insurance carriers in Europe and the USA and has received the London Stock Exchange Green Economy Mark for its green activities.
Average Trading Volume: 574,186
Technical Sentiment Signal: Buy
Current Market Cap: £42.21M
Find detailed analytics on ONDO stock on TipRanks’ Stock Analysis page.