Rekor Systems (NASDAQ:REKR) Given Outperform Rating at William Blair

Rekor Systems (NASDAQ:REKR - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at William Blair in a report released on Tuesday,RTT News reports. William Blair also issued estimates for Rekor Systems' Q1 2025 earnings at ($0.06) EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.22) EPS, FY2026 earnings at ($0.09) EPS and FY2026 earnings at ($0.09) EPS.

Rekor Systems Stock Performance

NASDAQ REKR traded down $0.08 on Tuesday, reaching $0.70. 6,961,445 shares of the stock were exchanged, compared to its average volume of 3,137,691. The firm has a market capitalization of $65.69 million, a PE ratio of -1.08 and a beta of 2.07. Rekor Systems has a one year low of $0.65 and a one year high of $2.67. The company's 50-day simple moving average is $1.46 and its two-hundred day simple moving average is $1.28. The company has a current ratio of 0.76, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37.

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

Institutional Trading of Rekor Systems

A number of large investors have recently made changes to their positions in REKR. Cantor Fitzgerald L. P. purchased a new position in shares of Rekor Systems in the 4th quarter worth approximately $5,340,000. Geode Capital Management LLC grew its position in Rekor Systems by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 1,942,624 shares of the company's stock valued at $3,031,000 after acquiring an additional 129,244 shares during the last quarter. State Street Corp increased its stake in Rekor Systems by 14.7% in the 3rd quarter. State Street Corp now owns 1,514,044 shares of the company's stock worth $1,787,000 after buying an additional 194,323 shares during the period. SG Americas Securities LLC grew its stake in Rekor Systems by 2.7% in the 4th quarter. SG Americas Securities LLC now owns 712,681 shares of the company's stock worth $1,112,000 after acquiring an additional 18,740 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Rekor Systems by 2.1% during the 4th quarter. Northern Trust Corp now owns 599,376 shares of the company's stock worth $935,000 after purchasing an additional 12,100 shares during the period. 45.71% of the stock is currently owned by institutional investors.

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.