KORE Group (KORE) Projected to Post Quarterly Earnings on Tuesday

KORE Group (NYSE:KORE) is expected to post its results after the market closes on Tuesday, March 31st. Analysts expect KORE Group to post earnings of ($0.53) per share and revenue of $70.50 million for the quarter.

KORE Group Price Performance

KORE Group stock opened at $9.00 on Friday. KORE Group has a 1-year low of $2.00 and a 1-year high of $9.02. The company has a market cap of $157.77 million, a PE ratio of -2.51 and a beta of 1.58. The stock’s 50 day moving average price is $6.57 and its 200 day moving average price is $4.69.

Institutional Investors Weigh In On KORE Group

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in KORE Group by 14.5% in the 4th quarter. Renaissance Technologies LLC now owns 35,441 shares of the company’s stock valued at $150,000 after purchasing an additional 4,500 shares in the last quarter. State Street Corp raised its holdings in KORE Group by 23.2% during the fourth quarter. State Street Corp now owns 29,217 shares of the company’s stock worth $123,000 after purchasing an additional 5,500 shares during the last quarter. One68 Global Capital LLC purchased a new stake in KORE Group during the fourth quarter worth $59,000. Finally, Citadel Advisors LLC purchased a new stake in KORE Group during the third quarter worth $30,000. Institutional investors and hedge funds own 57.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen raised KORE Group to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of KORE Group in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $4.00.

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.