Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes Position in KORE Group Holdings, Inc. $KORE

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in KORE Group Holdings, Inc. (NYSE:KORE) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 100,000 shares of the company’s stock, valued at approximately $902,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.57% of KORE Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. One68 Global Capital LLC bought a new position in shares of KORE Group in the 4th quarter valued at about $59,000. State Street Corp increased its position 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 buying an additional 5,500 shares during the last quarter. Renaissance Technologies LLC raised its stake in KORE Group by 14.5% in the fourth quarter. Renaissance Technologies LLC now owns 35,441 shares of the company’s stock valued at $150,000 after buying an additional 4,500 shares during the period. Finally, Citadel Advisors LLC bought a new stake in KORE Group in the third quarter valued at approximately $30,000. 57.45% of the stock is owned by institutional investors.

KORE Group Trading Up 0.1%

KORE stock opened at $9.26 on Friday. The firm has a 50-day moving average price of $9.21 and a 200-day moving average price of $7.82. KORE Group Holdings, Inc. has a 12 month low of $2.00 and a 12 month high of $9.79. The stock has a market capitalization of $162.80 million, a P/E ratio of -2.40 and a beta of 1.46.

KORE Group (NYSE:KORE) last issued its earnings results on Monday, May 11th. The company reported ($1.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($1.01). The business had revenue of $65.82 million for the quarter, compared to analysts’ expectations of $72.20 million. As a group, equities analysts predict that KORE Group Holdings, Inc. will post -1.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of KORE Group in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, KORE Group has a consensus rating of “Reduce” and a consensus price target of $5.00.

KORE Group Profile

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.