Pure Portfolios Holdings LLC Buys Shares of 36,135 Rekor Systems, Inc. (NASDAQ:REKR)

Pure Portfolios Holdings LLC purchased a new position in Rekor Systems, Inc. (NASDAQ:REKR) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 36,135 shares of the company’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Rekor Systems by 31.7% in the 1st quarter. Vanguard Group Inc. now owns 3,453,249 shares of the company’s stock valued at $7,908,000 after acquiring an additional 830,761 shares during the last quarter. Hood River Capital Management LLC purchased a new stake in shares of Rekor Systems during the first quarter valued at $2,769,000. International Assets Investment Management LLC grew its holdings in shares of Rekor Systems by 257.1% in the first quarter. International Assets Investment Management LLC now owns 36,250 shares of the company’s stock worth $82,000 after purchasing an additional 26,100 shares during the last quarter. SG Americas Securities LLC increased its stake in 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 buying an additional 27,133 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in Rekor Systems in the 2nd quarter worth about $582,000. 45.71% of the stock is owned by institutional investors.

Rekor Systems Stock Up 4.4 %

Shares of NASDAQ:REKR opened at $1.18 on Friday. The business’s 50 day moving average is $1.21 and its 200 day moving average is $1.55. The stock has a market cap of $104.43 million, a P/E ratio of -1.76 and a beta of 1.96. Rekor Systems, Inc. has a 52-week low of $1.01 and a 52-week high of $3.92. The company has a quick ratio of 0.67, a current ratio of 0.84 and a debt-to-equity ratio of 0.32.

Rekor Systems (NASDAQ:REKR) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. The business had revenue of $12.43 million for 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%. Sell-side analysts predict that Rekor Systems, Inc. will post -0.49 EPS for the current year.

Analysts Set New Price Targets

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

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.