KORE stock icon

KORE Group Holdings
KORE

$0.42
6.45%
 

About: Kore Group Holdings Inc provides Internet of Things (IoT) solutions and services. In addition to providing critical services to customers globally, it enables them to manage, deploy, and scale their IoT applications and use cases. It offers connectivity services, location-based services, device solutions, and managed and professional services for the development and support of IoT technology for the Machine-to-Machine market. It derives revenue from IoT Connectivity services, IoT Solutions services, SIMs (IoT Connectivity), and IoT devices (IoT Solutions). Geographically, the company generates a majority of its revenue from the United States and the rest from other countries.

Employees: 600

0
Funds holding %
of 6,702 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

14% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 7

9% more funds holding

Funds holding: 34 [Q4 2023] → 37 (+3) [Q1 2024]

1.18% less ownership

Funds ownership: 24.44% [Q4 2023] → 23.26% (-1.18%) [Q1 2024]

23% less capital invested

Capital invested by funds: $19.6M [Q4 2023] → $15.1M (-$4.51M) [Q1 2024]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 1 (-1) [Q1 2024]

Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target
$3.50
730%
upside
Avg. target
$3.50
730%
upside
High target
$3.50
730%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
Roth MKM
Scott Searle
730%upside
$3.5
Buy
Maintained
12 Apr 2024

Financial journalist opinion