KORE Group’s (KORE) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of KORE Group (NYSE:KORE) in a research report released on Friday, Benzinga reports. Roth Mkm currently has a $3.50 price target on the stock.

KORE Group Price Performance

NYSE:KORE opened at $0.77 on Friday. The company has a 50-day moving average of $0.82 and a 200-day moving average of $0.73. The company has a market capitalization of $66.33 million, a price-to-earnings ratio of -0.31 and a beta of 2.81. KORE Group has a 52 week low of $0.32 and a 52 week high of $1.76. The company has a debt-to-equity ratio of 5.80, a quick ratio of 1.31 and a current ratio of 1.47.

Hedge Funds Weigh In On KORE Group

A number of hedge funds and other institutional investors have recently made changes to their positions in KORE. Vanguard Group Inc. lifted its holdings in KORE Group by 17.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,508,363 shares of the company’s stock valued at $913,000 after purchasing an additional 224,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in KORE Group by 9.3% during the 1st quarter. Geode Capital Management LLC now owns 592,639 shares of the company’s stock valued at $723,000 after purchasing an additional 50,641 shares during the last quarter. State Street Corp lifted its holdings in KORE Group by 21.9% during the 3rd quarter. State Street Corp now owns 438,982 shares of the company’s stock valued at $838,000 after purchasing an additional 78,826 shares during the last quarter. Northern Trust Corp lifted its holdings in KORE Group by 400.4% during the 2nd quarter. Northern Trust Corp now owns 282,716 shares of the company’s stock valued at $868,000 after purchasing an additional 226,219 shares during the last quarter. Finally, Cantor Fitzgerald L. P. bought a new position in KORE Group during the 2nd quarter valued at about $192,000. 57.45% of the stock is owned by institutional investors.

KORE Group Company Profile

KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology and applications for the Machine-to-Machine market.