KORE Group Holdings, Inc. (NYSE:KORE) Shares Sold by State Street Corp

State Street Corp reduced its stake in KORE Group Holdings, Inc. (NYSE:KORE) by 80.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,717 shares of the company’s stock after selling 94,876 shares during the period. State Street Corp owned approximately 0.13% of KORE Group worth $54,000 at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC grew its holdings in KORE Group by 7.2% during the 2nd quarter. Renaissance Technologies LLC now owns 94,200 shares of the company’s stock worth $40,000 after acquiring an additional 6,300 shares in the last quarter. 57.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, TD Cowen lifted their price objective on shares of KORE Group from $2.00 to $2.50 and gave the stock a “hold” rating in a research report on Wednesday, November 20th.

KORE Group Stock Down 4.8 %

Shares of KORE Group stock opened at $2.56 on Friday. The company has a market cap of $43.54 million, a P/E ratio of -0.36 and a beta of 2.33. The firm has a fifty day moving average of $1.84 and a two-hundred day moving average of $2.14. The company has a debt-to-equity ratio of 13.25, a quick ratio of 1.18 and a current ratio of 1.30. KORE Group Holdings, Inc. has a one year low of $1.10 and a one year high of $6.45.

About KORE Group

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.