Rekor Systems' (REKR) "Outperform" Rating Reiterated at William Blair

William Blair reiterated their outperform rating on shares of Rekor Systems (NASDAQ:REKR - Free Report) in a research note issued to investors on Friday,RTT News reports.

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

Rekor Systems Stock Down 17.1 %

Shares of Rekor Systems stock traded down $0.19 during trading hours on Friday, reaching $0.90. 2,965,203 shares of the company's stock were exchanged, compared to its average volume of 1,165,814. The stock has a market cap of $79.21 million, a P/E ratio of -1.36 and a beta of 1.97. The company has a 50 day moving average of $1.14 and a two-hundred day moving average of $1.43. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 0.32. Rekor Systems has a fifty-two week low of $0.89 and a fifty-two week high of $3.92.

Rekor Systems (NASDAQ:REKR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.01. The firm had revenue of $12.43 million during the quarter, compared to the consensus estimate of $12.15 million. Rekor Systems had a negative return on equity of 112.99% and a negative net margin of 118.66%. On average, sell-side analysts forecast 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 modified their holdings of the stock. BNP Paribas Financial Markets raised its position in shares of 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 purchasing an additional 9,494 shares during the period. Lake Hills Wealth Management LLC raised its holdings in Rekor Systems by 12.0% in the 3rd quarter. Lake Hills Wealth Management LLC now owns 113,654 shares of the company's stock valued at $134,000 after acquiring an additional 12,166 shares during the period. SG Americas Securities LLC lifted its position in Rekor Systems by 3.2% during the third quarter. SG Americas Securities LLC now owns 693,941 shares of the company's stock worth $819,000 after acquiring an additional 21,517 shares during the last quarter. LexAurum Advisors LLC bought a new stake in shares of Rekor Systems during the third quarter worth approximately $39,000. Finally, Pure Portfolios Holdings LLC acquired a new position in shares of Rekor Systems in the third quarter valued at approximately $43,000. 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.