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The latest update is out from Ondo InsurTech Plc ( (GB:ONDO) ).
Ondo InsurTech Plc has announced an expansion of its partnership with Nationwide, extending the rollout of its LeakBot devices and services to 26 US states. This expansion follows the successful deployment of LeakBot in 16 states, where it has effectively reduced water damage claims and maintained high customer satisfaction. The move strengthens LeakBot’s position as a key component of Nationwide’s smart home program, aiming to provide homeowners with enhanced protection against water-related damages.
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 scale-up of LeakBot, a patented self-install solution that prevents water damage claims. The company partners with 26 insurance carriers across Europe and the USA and holds the London Stock Exchange Green Economy Mark.
Average Trading Volume: 641,302
Technical Sentiment Signal: Buy
Current Market Cap: £42.06M
For detailed information about ONDO stock, go to TipRanks’ Stock Analysis page.