Fintel reports that on August 15, 2023, TD Cowen maintained coverage of Kore Group Holdings (NYSE:KORE) with a Outperform recommendation.
Analyst Price Forecast Suggests 491.21% Upside
As of August 2, 2023, the average one-year price target for Kore Group Holdings is 4.64. The forecasts range from a low of 1.52 to a high of $7.88. The average price target represents an increase of 491.21% from its latest reported closing price of 0.78.
See our leaderboard of companies with the largest price target upside.
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 121 funds or institutions reporting positions in Kore Group Holdings. This is a decrease of 4 owner(s) or 3.20% in the last quarter. Average portfolio weight of all funds dedicated to KORE is 0.03%, an increase of 4.28%. Total shares owned by institutions increased in the last three months by 2.37% to 23,523K 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.
Kent Lake Capital holds 1,526K shares representing 1.76% ownership of the company.
Northwestern Mutual Investment Management Company holds 1,344K shares representing 1.55% ownership of the company. No change in 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.
Additional reading:
- KORE Group Holdings, Inc. Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (In thousands, except share and per share data)
- KORE Group Holdings, Inc. Omnibus Amendment to Restricted Stock Unit Award Agreements by and between KORE Group Holdings, Inc. and Romil Bahl, dated June 9, 2023
- KORE Group Holdings, Inc. 2021 Long Term Stock Incentive Plan Form of Employee Restricted Stock Unit Award Agreement
- KORE Group Holdings, Inc. 2021 Long Term Stock Incentive Plan Form of Director Restricted Stock Unit Award Agreement
- Employment Agreement by and between Jason Dietrich, the Company and KORE Wireless Group, Inc., dated June 12, 2023.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
