Rekor Systems (NASDAQ:REKR) Receives Outperform Rating from William Blair

Rekor Systems (NASDAQ:REKR)‘s stock had its “outperform” rating reissued by William Blair in a research report issued on Tuesday,RTT News reports.

Rekor Systems Trading Up 1.0 %

Shares of REKR stock traded up $0.01 during mid-day trading on Tuesday, hitting $0.90. The company’s stock had a trading volume of 2,627,635 shares, compared to its average volume of 3,059,629. The company has a market cap of $84.07 million, a PE ratio of -1.36 and a beta of 1.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.76. The company’s fifty day simple moving average is $1.55 and its 200-day simple moving average is $1.30. Rekor Systems has a 52 week low of $0.78 and a 52 week high of $2.67.

Rekor Systems (NASDAQ:REKR) last released its quarterly earnings data on Monday, March 31st. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.13). The company had revenue of $13.28 million during the quarter, compared to the consensus estimate of $12.91 million. Rekor Systems had a negative net margin of 119.54% and a negative return on equity of 119.85%. As a group, equities research analysts expect that Rekor Systems will post -0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rekor Systems

Several hedge funds and other institutional investors have recently modified their holdings of REKR. ProShare Advisors LLC grew its holdings in shares of Rekor Systems by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 20,752 shares of the company’s stock valued at $32,000 after buying an additional 6,829 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Rekor Systems by 38.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,262 shares of the company’s stock valued at $40,000 after purchasing an additional 9,494 shares during the last quarter. Virtu Financial LLC bought a new stake in Rekor Systems during the 3rd quarter worth approximately $41,000. PEAK6 LLC purchased a new stake in shares of Rekor Systems in the fourth quarter worth approximately $45,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Rekor Systems by 44.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,163 shares of the company’s stock valued at $52,000 after purchasing an additional 10,159 shares in the last quarter. Institutional investors own 45.71% of the company’s stock.

About Rekor Systems

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.