Parkside Financial Bank & Trust Purchases 10,000 Shares of Rekor Systems, Inc. (NASDAQ:REKR)

Parkside Financial Bank & Trust grew its stake in Rekor Systems, Inc. (NASDAQ:REKR) by 100.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Parkside Financial Bank & Trust’s holdings in Rekor Systems were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Rekor Systems during the 3rd quarter worth $71,000. Meridian Wealth Management LLC boosted its stake in shares of Rekor Systems by 100.0% in the 3rd quarter. Meridian Wealth Management LLC now owns 60,000 shares of the company’s stock valued at $169,000 after purchasing an additional 30,000 shares during the last quarter. Red Door Wealth Management LLC acquired a new position in shares of Rekor Systems in the 3rd quarter valued at about $45,000. Eudaimonia Partners LLC bought a new stake in shares of Rekor Systems during the 3rd quarter valued at about $33,000. Finally, Bank of New York Mellon Corp increased its holdings in Rekor Systems by 128.6% in the third quarter. Bank of New York Mellon Corp now owns 26,873 shares of the company’s stock worth $76,000 after purchasing an additional 15,118 shares in the last quarter. 45.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, William Blair reissued an “outperform” rating on shares of Rekor Systems in a research note on Tuesday, March 26th.

Rekor Systems Stock Performance

Shares of REKR stock opened at $1.75 on Friday. The company’s fifty day simple moving average is $2.17 and its two-hundred day simple moving average is $2.71. Rekor Systems, Inc. has a 1 year low of $1.05 and a 1 year high of $4.15. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.47 and a quick ratio of 1.29.

Rekor Systems (NASDAQ:REKR) last announced its quarterly earnings results on Monday, March 25th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $11.07 million during the quarter, compared to analysts’ expectations of $10.72 million. Rekor Systems had a negative return on equity of 106.96% and a negative net margin of 130.78%. As a group, equities research analysts anticipate that Rekor Systems, Inc. will post -0.28 earnings per share for the current year.

Rekor Systems Company Profile

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.