KORE Group Holdings, Inc. (NYSE:KORE) Shares Sold by Courier Capital LLC

Courier Capital LLC lowered its holdings in KORE Group Holdings, Inc. (NYSE:KORE) by 80.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,430 shares of the company’s stock after selling 137,719 shares during the quarter. Courier Capital LLC owned 0.21% of KORE Group worth $78,000 as of its most recent filing with the SEC.

Separately, Renaissance Technologies LLC lifted its holdings in KORE Group by 7.2% in the second quarter. Renaissance Technologies LLC now owns 94,200 shares of the company’s stock valued at $40,000 after acquiring an additional 6,300 shares during the period. 57.45% of the stock is owned by institutional investors and hedge funds.

KORE Group Trading Up 5.2 %

NYSE:KORE opened at $2.19 on Friday. KORE Group Holdings, Inc. 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. The stock has a fifty day simple moving average of $2.25 and a 200-day simple moving average of $2.78. The company has a market capitalization of $36.42 million, a PE ratio of -0.23 and a beta of 2.47.

KORE Group (NYSE:KORE) last released its quarterly earnings data on Thursday, August 15th. The company reported ($0.99) EPS for the quarter, missing the consensus estimate of ($0.68) by ($0.31). KORE Group had a negative return on equity of 389.39% and a negative net margin of 74.03%. The business had revenue of $67.87 million during the quarter, compared to analysts’ expectations of $73.37 million. On average, equities research analysts expect that KORE Group Holdings, Inc. will post -5.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, TD Cowen downgraded KORE Group from a “buy” rating to a “hold” rating and set a $2.00 target price for the company. in a report on Friday, August 23rd.

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.