Rekor Systems’ (REKR) “Outperform” Rating Reiterated at William Blair

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

Separately, Wedbush restated an “outperform” rating on shares of Rekor Systems in a research report on Thursday, August 15th.

Rekor Systems Stock Performance

REKR opened at $1.08 on Friday. Rekor Systems has a 52-week low of $1.01 and a 52-week high of $3.92. The business’s fifty day moving average is $1.14 and its 200-day moving average is $1.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.67 and a current ratio of 0.84. The firm has a market cap of $95.58 million, a P/E ratio of -1.61 and a beta of 1.97.

Rekor Systems (NASDAQ:REKR) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. The company had revenue of $12.43 million during the quarter, compared to analysts’ expectations of $12.15 million. Rekor Systems had a negative return on equity of 112.99% and a negative net margin of 118.66%. Sell-side analysts expect that Rekor Systems will post -0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Rekor Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LexAurum Advisors LLC acquired a new stake in Rekor Systems in the third quarter valued at $39,000. BNP Paribas Financial Markets boosted its holdings in Rekor Systems by 38.3% in the third quarter. BNP Paribas Financial Markets now owns 34,262 shares of the company’s stock valued at $40,000 after acquiring an additional 9,494 shares during the last quarter. Pure Portfolios Holdings LLC acquired a new stake in Rekor Systems during the 3rd quarter valued at approximately $43,000. Rhumbline Advisers bought a new position in Rekor Systems during the 2nd quarter worth approximately $94,000. Finally, SG Americas Securities LLC lifted its position in shares of Rekor Systems by 76.2% in the 1st quarter. SG Americas Securities LLC now owns 62,746 shares of the company’s stock worth $144,000 after purchasing an additional 27,133 shares during the period. 45.71% of the stock is currently owned by institutional investors and hedge funds.

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.