KORE Group (NYSE:KORE – Get Rating) had its target price reduced by Deutsche Bank Aktiengesellschaft from $7.50 to $6.00 in a research report issued on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 59.15% from the company’s current price.
Other equities research analysts have also recently issued reports about the company. Roth Capital began coverage on KORE Group in a report on Thursday, January 20th. They set a “buy” rating and a $13.00 price target on the stock. Zacks Investment Research cut KORE Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Morgan Stanley decreased their price target on KORE Group from $7.50 to $6.50 and set an “equal weight” rating on the stock in a report on Tuesday, April 12th. Finally, Cowen reduced their target price on KORE Group from $18.00 to $12.50 and set an “outperform” rating on the stock in a report on Thursday, March 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, KORE Group currently has an average rating of “Hold” and an average price target of $8.95.
NYSE KORE opened at $3.77 on Tuesday. The business’s fifty day moving average is $5.16 and its 200 day moving average is $5.99. KORE Group has a fifty-two week low of $3.26 and a fifty-two week high of $9.50.
Several hedge funds have recently modified their holdings of the company. Liberty Mutual Group Asset Management Inc. grew its position in KORE Group by 7.0% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 1,598,000 shares of the company’s stock worth $9,588,000 after acquiring an additional 104,289 shares in the last quarter. Northwestern Mutual Investment Management Company LLC purchased a new position in KORE Group in the fourth quarter worth about $8,153,000. Philosophy Capital Management LLC purchased a new position in KORE Group in the fourth quarter worth about $4,210,000. Owl Creek Asset Management L.P. purchased a new position in KORE Group in the fourth quarter worth about $3,033,000. Finally, Rubric Capital Management LP purchased a new position in KORE Group in the fourth quarter worth about $3,006,000. 65.83% of the stock is currently owned by hedge funds and other institutional investors.
KORE Group Company Profile (Get Rating)
KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity, location-based, device solutions, and managed and professional services that are used in the development and support of IoT technology for the Machine-to-Machine market. The company provides Connectivity-as-a-Service; IoT solutions and analytics to fleet tracking companies; and asset monitoring, communications, and industrial IoT services.
- Get a free copy of the StockNews.com research report on KORE Group (KORE)
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