TD Cowen Issues Positive Forecast for KORE Group (NYSE:KORE) Stock Price

KORE Group (NYSE:KORE) had its price objective raised by investment analysts at TD Cowen from $2.00 to $2.50 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price objective suggests a potential upside of 28.21% from the stock’s current price.

KORE Group Stock Up 2.6 %

NYSE KORE opened at $1.95 on Wednesday. The stock’s 50-day moving average price is $2.08 and its 200-day moving average price is $2.52. The company has a market capitalization of $35.28 million, a P/E ratio of -0.28 and a beta of 2.47. KORE Group has a 52 week low of $1.30 and a 52 week high of $6.45. The company has a quick ratio of 1.24, a current ratio of 1.36 and a debt-to-equity ratio of 13.25.

Institutional Trading of KORE Group

A hedge fund recently bought a new stake in KORE Group stock. Courier Capital LLC purchased a new position in shares of KORE Group Holdings, Inc. (NYSE:KORE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 172,149 shares of the company’s stock, valued at approximately $73,000. Courier Capital LLC owned 1.03% of KORE Group as of its most recent SEC filing. Institutional investors own 57.45% of the company’s stock.

KORE Group Company Profile

KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology for the business market. The company’s products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security location based services.