100,000 Shares in KORE Group Holdings, Inc. $KORE Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in KORE Group Holdings, Inc. (NYSE:KORE) in the first quarter, Holdings Channel reports. The firm acquired 100,000 shares of the company’s stock, valued at approximately $902,000.

Several other large investors have also bought and sold shares of the stock. Citadel Advisors LLC acquired a new position in KORE Group during the 3rd quarter worth about $30,000. One68 Global Capital LLC acquired a new stake in shares of KORE Group in the fourth quarter valued at about $59,000. State Street Corp raised its position in shares of 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 acquiring an additional 5,500 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings 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 acquiring an additional 4,500 shares during the last quarter. 57.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of KORE Group in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $5.00.

KORE Group Stock Performance

Shares of KORE Group stock opened at $9.26 on Friday. The stock has a market capitalization of $162.80 million, a P/E ratio of -2.40 and a beta of 1.46. The stock’s 50-day simple moving average is $9.21 and its 200 day simple moving average is $7.82. KORE Group Holdings, Inc. has a 52-week low of $2.00 and a 52-week high of $9.79.

KORE Group (NYSE:KORE) last released its quarterly earnings data 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 company had revenue of $65.82 million for the quarter, compared to analyst estimates of $72.20 million. Equities research analysts forecast that KORE Group Holdings, Inc. will post -1.36 EPS for the current fiscal year.

KORE Group Company 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.