Fintel reports that on September 21, 2023, Northland Capital Markets maintained coverage of Kore Group Holdings (NYSE:KORE) with a Outperform recommendation.
Analyst Price Forecast Suggests 637.35% Upside
As of August 31, 2023, the average one-year price target for Kore Group Holdings is 4.28. The forecasts range from a low of 1.52 to a high of $7.88. The average price target represents an increase of 637.35% from its latest reported closing price of 0.58.
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The projected annual revenue for Kore Group Holdings is 288MM, an increase of 8.92%. The projected annual non-GAAP EPS is -0.33.
What is the Fund Sentiment?
There are 90 funds or institutions reporting positions in Kore Group Holdings. This is a decrease of 34 owner(s) or 27.42% in the last quarter. Average portfolio weight of all funds dedicated to KORE is 0.04%, an increase of 13.83%. Total shares owned by institutions decreased in the last three months by 13.06% to 21,098K shares.
What are Other Shareholders Doing?
Kim holds 10,000K shares representing 11.55% ownership of the company. No change in the last quarter.
Liberty Mutual Group Asset Management holds 1,598K shares representing 1.85% ownership of the company. No change in the last quarter.
Northwestern Mutual Investment Management Company holds 1,344K shares representing 1.55% ownership of the company. No change in the last quarter.
Kent Lake Capital holds 1,120K shares representing 1.29% ownership of the company. In it's prior filing, the firm reported owning 1,526K shares, representing a decrease of 36.23%. The firm decreased its portfolio allocation in KORE by 50.14% over the last quarter.
Fortress Investment Group holds 1,111K shares representing 1.28% ownership of the company. No change in the last quarter.
Kore Group Holdings Background Information
(This description is provided by the company.)
KORE is a pioneer, leader, and trusted advisor delivering mission-critical IoT solutions and services. We empower organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers' business outcomes.
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This story originally appeared on Fintel.
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