Rekor Systems (NASDAQ:REKR) Earns Outperform Rating from William Blair

Rekor Systems (NASDAQ:REKR)‘s stock had its “outperform” rating reaffirmed by equities researchers at William Blair in a report released on Friday,RTT News reports.

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

Rekor Systems Stock Down 17.1 %

Shares of REKR opened at $0.90 on Friday. Rekor Systems has a fifty-two week low of $0.89 and a fifty-two 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. The firm’s 50 day moving average price is $1.14 and its 200 day moving average price is $1.42.

Rekor Systems (NASDAQ:REKR) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.12) earnings per share 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 analyst estimates of $12.15 million. Rekor Systems had a negative return on equity of 116.84% and a negative net margin of 119.54%. As a group, analysts predict that Rekor Systems will post -0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in REKR. SG Americas Securities LLC raised its holdings 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 valued at $144,000 after purchasing an additional 27,133 shares in the last quarter. Sei Investments Co. purchased a new stake in Rekor Systems during the 1st quarter worth about $454,000. Vanguard Group Inc. lifted its holdings in Rekor Systems by 31.7% during the 1st quarter. Vanguard Group Inc. now owns 3,453,249 shares of the company’s stock worth $7,908,000 after buying an additional 830,761 shares during the last quarter. Hood River Capital Management LLC acquired a new position in shares of Rekor Systems during the 1st quarter worth about $2,769,000. Finally, AWM Investment Company Inc. purchased a new position in shares of Rekor Systems in the 1st quarter valued at about $3,323,000. Institutional investors and hedge funds own 45.71% of the company’s stock.

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.