KORE Group (NYSE:KORE) Stock Rating Upgraded by Wall Street Zen

KORE Group (NYSE:KORE) was upgraded by analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

KORE has been the topic of several other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of KORE Group in a research report on Monday, December 29th. TD Cowen upped their target price on shares of KORE Group from $3.00 to $5.00 and gave the company a “hold” rating in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $4.00.

KORE Group Stock Down 2.9%

Shares of KORE Group stock opened at $4.77 on Friday. The stock has a market cap of $83.67 million, a P/E ratio of -1.33 and a beta of 1.72. KORE Group has a 12-month low of $1.95 and a 12-month high of $5.03. The business’s 50 day moving average is $4.38 and its 200-day moving average is $3.28.

Institutional Trading of KORE Group

A hedge fund recently bought a new stake in KORE Group stock. Diversified Trust Co purchased a new stake in KORE Group Holdings, Inc. (NYSE:KORE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $598,000. Diversified Trust Co owned about 1.46% of KORE Group as of its most recent filing with the Securities and Exchange Commission. 57.45% of the stock is currently owned by institutional investors.

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.