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

William Blair reissued their outperform rating on shares of Rekor Systems (NASDAQ:REKR) in a research report report published on Tuesday,RTT News reports.

Rekor Systems Price Performance

REKR stock opened at $0.90 on Tuesday. Rekor Systems has a 52 week low of $0.78 and a 52 week high of $2.67. The firm has a market capitalization of $84.43 million, a P/E ratio of -1.38 and a beta of 1.80. The company has a fifty day simple moving average of $1.53 and a two-hundred day simple moving average of $1.29. The company has a quick ratio of 0.63, a current ratio of 0.76 and a debt-to-equity ratio of 0.37.

Rekor Systems (NASDAQ:REKR) last announced its quarterly earnings results on Monday, March 31st. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $13.28 million during the quarter, compared to the consensus estimate of $12.91 million. Analysts anticipate that Rekor Systems will post -0.57 earnings per share for the current fiscal year.

Institutional Trading of Rekor Systems

A number of institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake 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 acquiring an additional 9,494 shares during the period. State Street Corp grew its holdings in Rekor Systems by 14.7% during the 3rd quarter. State Street Corp now owns 1,514,044 shares of the company’s stock valued at $1,787,000 after purchasing an additional 194,323 shares during the last quarter. XTX Topco Ltd purchased a new stake in Rekor Systems in the 3rd quarter worth about $142,000. Barclays PLC lifted its stake in Rekor Systems by 332.0% in the third quarter. Barclays PLC now owns 104,427 shares of the company’s stock worth $123,000 after purchasing an additional 80,255 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Rekor Systems by 5.5% during the third quarter. Geode Capital Management LLC now owns 1,813,380 shares of the company’s stock valued at $2,140,000 after buying an additional 94,907 shares during the period. 45.71% of the stock is currently owned by institutional investors.

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.