KORE Group Holdings (KORE)

• Market cap: $22.6M
• 1 day: 6.40%
• 5 days: -0.75%
• 1 month: -30.00%
• 3 months: -38.43%
• 6 months: -53.82%
• Year to date: -67.56%
• 1 year: -55.67%
• 5 years: -96.30%
• 10 years: -96.30%
• Sector: Communication Services
• Industry: Communications Services

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

23.37% more ownership

Funds ownership: 16.98% [Q2] → 40.35% (+23.37%) [Q3]

28% less funds holding

Funds holding: 29 [Q2] → 21 (-8) [Q3]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]

58% less capital invested

Capital invested by funds: $23M [Q2] → $9.56M (-$13.4M) [Q3]

67% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 12

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 16

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $2.50 88% upside
• Avg. target: $2.50 88% upside
• High target: $2.50 88% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

TD Cowen Colby Synesael 25% 1-year accuracy 1 / 4 met price target

88% upside $2.50

Hold Maintained

20 Nov 2024