$65.81 Million in Sales Expected for KORE Group Holdings, Inc. (NYSE:KORE) This Quarter

Analysts expect KORE Group Holdings, Inc. (NYSE:KOREGet Rating) to report $65.81 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for KORE Group’s earnings, with the lowest sales estimate coming in at $63.17 million and the highest estimate coming in at $68.67 million. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that KORE Group will report full year sales of $267.03 million for the current fiscal year, with estimates ranging from $264.21 million to $274.45 million. For the next fiscal year, analysts anticipate that the company will report sales of $293.42 million, with estimates ranging from $282.76 million to $310.90 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow KORE Group.

KORE Group (NYSE:KOREGet Rating) last released its quarterly earnings results on Tuesday, March 29th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.07). The business had revenue of $64.30 million during the quarter, compared to analyst estimates of $58.20 million.

A number of equities research analysts have weighed in on KORE shares. Deutsche Bank Aktiengesellschaft lowered their price target on KORE Group from $7.50 to $6.00 in a research report on Tuesday. Zacks Investment Research downgraded KORE Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Morgan Stanley decreased their price objective on KORE Group to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Cowen decreased their price objective 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, KORE Group has an average rating of “Hold” and an average price target of $8.65.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in KORE Group by 4.7% during the 1st quarter. BlackRock Inc. now owns 65,390 shares of the company’s stock valued at $392,000 after acquiring an additional 2,951 shares in the last quarter. Mirabella Financial Services LLP boosted its position in KORE Group by 32.5% during the 1st quarter. Mirabella Financial Services LLP now owns 13,308 shares of the company’s stock valued at $80,000 after acquiring an additional 3,265 shares in the last quarter. JPMorgan Chase & Co. boosted its position in KORE Group by 28.0% during the 1st quarter. JPMorgan Chase & Co. now owns 17,415 shares of the company’s stock valued at $104,000 after acquiring an additional 3,805 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in KORE Group during the 4th quarter valued at approximately $27,000. Finally, Penserra Capital Management LLC bought a new stake in KORE Group during the 4th quarter valued at approximately $31,000. Institutional investors own 65.83% of the company’s stock.

NYSE KORE opened at $4.28 on Friday. The stock’s 50-day simple moving average is $5.10 and its two-hundred day simple moving average is $5.92. KORE Group has a twelve month low of $3.26 and a twelve month high of $9.50.

About KORE Group (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.

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