Ondo InsurTech Partners with Bear River Mutual for LeakBot Pilot in Utah

The latest announcement is out from Ondo InsurTech Plc ( (GB:ONDO) ).

Ondo InsurTech Plc has announced a partnership with Bear River Mutual Insurance Company to pilot its LeakBot technology with 5,000 homeowners in Utah. This agreement marks Ondo’s continued expansion in the US market, aligning with its strategy to provide effective claims prevention solutions and strengthen its industry positioning.

Spark’s Take on GB:ONDO Stock

According to Spark, TipRanks’ AI Analyst, GB:ONDO is a Neutral.

Ondo InsurTech Plc’s overall score reflects significant financial challenges, including negative profitability and high leverage. Despite revenue growth and positive corporate events, technical indicators and valuation uncertainty weigh on the stock’s outlook.

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 scaling up its LeakBot technology globally. LeakBot is designed to prevent water damage claims, which are a major cause of home insurance claims, by detecting leaks and notifying homeowners through a mobile app. The company partners with 25 insurance carriers across Europe and the USA and holds the London Stock Exchange Green Economy Mark.

Average Trading Volume: 651,542

Technical Sentiment Signal: Sell

Current Market Cap: £30.19M

See more data about ONDO stock on TipRanks’ Stock Analysis page.