KORE Group (NYSE:KORE) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of KORE Group (NYSE:KORE) to a hold rating in a research note issued to investors on Saturday morning.

A number of other analysts have also weighed in on KORE. Weiss Ratings restated a “sell (d-)” rating on shares of KORE Group in a research report on Monday, December 29th. TD Cowen increased their price target on KORE Group from $3.00 to $5.00 and gave the company a “hold” rating in a research note on Thursday, November 13th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $4.00.

KORE Group Trading Down 2.9%

KORE opened at $4.77 on Friday. The company has a market cap of $83.67 million, a P/E ratio of -1.33 and a beta of 1.72. The company’s 50 day moving average is $4.38 and its 200-day moving average is $3.27. KORE Group has a 1-year low of $1.95 and a 1-year high of $5.03.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in KORE Group stock. Citadel Advisors LLC purchased a new stake in KORE Group Holdings, Inc. (NYSE:KORE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,551 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned about 0.07% of KORE Group at the end of the most recent quarter. Hedge funds and other institutional investors own 57.45% of the company’s stock.

About KORE Group

KORE Group (NYSE: KORE) is a global provider of Internet of Things (IoT) connectivity and managed services, helping enterprises deploy, secure and scale their IoT applications. The company offers a comprehensive suite of solutions that includes cellular, satellite and Low-Power Wide-Area Network (LPWAN) connectivity, multi-network SIM management, eSIM provisioning and cloud-based IoT platforms. Through its unified approach, KORE enables businesses to streamline the complexities of device onboarding, monitoring and lifecycle management across diverse geographies.

Founded in 2002 and headquartered in Atlanta, Georgia, KORE has grown through a combination of organic innovation and strategic acquisitions to become one of the world’s largest independent IoT service providers.