KORE Group (KORE) Expected to Announce Quarterly Earnings on Tuesday

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

KORE Group Stock Performance

Shares of NYSE:KORE opened at $9.00 on Friday. KORE Group has a one year low of $2.00 and a one year high of $9.02. The stock has a market capitalization of $157.77 million, a price-to-earnings ratio of -2.51 and a beta of 1.58. The company has a 50-day simple moving average of $6.57 and a 200-day simple moving average of $4.69.

Institutional Trading of KORE Group

Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of KORE Group by 14.5% during the fourth quarter. Renaissance Technologies LLC now owns 35,441 shares of the company’s stock worth $150,000 after acquiring an additional 4,500 shares during the period. 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 in the last quarter. One68 Global Capital LLC acquired a new stake in KORE Group in the fourth quarter valued at about $59,000. Finally, Citadel Advisors LLC acquired a new stake in KORE Group in the third quarter valued at about $30,000. Institutional investors and hedge funds own 57.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KORE shares. Wall Street Zen upgraded KORE Group to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of KORE Group in a research note on Monday, December 29th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price 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.