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The latest update is out from Ondo InsurTech Plc ( (GB:ONDO) ).
Ondo InsurTech Plc announced the purchase of 13,684 ordinary shares for its Share Incentive Plan, benefiting employees including key directors Craig Foster and Kevin Withington. This move underlines Ondo’s commitment to employee engagement and aligns with its strategic focus on expanding its claims prevention technology, LeakBot, which significantly reduces water damage claims.
The most recent analyst rating on (GB:ONDO) stock is a Hold with a £30.00 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 strong revenue growth but is significantly hampered by profitability and financial stability concerns. Technical indicators show some positive momentum, but valuation metrics are weak due to negative earnings. The lack of earnings call data and corporate events limits additional insights.
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 solution that prevents water damage claims. The company partners with 25 insurance carriers in Europe and the USA and holds the London Stock Exchange Green Economy Mark.
Average Trading Volume: 666,198
Technical Sentiment Signal: Strong Buy
Current Market Cap: £47.05M
Learn more about ONDO stock on TipRanks’ Stock Analysis page.