Perritt Capital Management Inc Buys 90,000 Shares of Creative Realities, Inc. (NASDAQ:CREX)

Perritt Capital Management Inc increased its stake in shares of Creative Realities, Inc. (NASDAQ:CREX) by 180.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 140,000 shares of the company’s stock after buying an additional 90,000 shares during the period. Perritt Capital Management Inc owned about 1.34% of Creative Realities worth $343,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of Creative Realities during the 4th quarter worth approximately $39,000. Commonwealth Equity Services LLC bought a new position in Creative Realities during the fourth quarter valued at $37,000. Essex Investment Management Co. LLC grew its holdings in Creative Realities by 51.8% during the fourth quarter. Essex Investment Management Co. LLC now owns 38,920 shares of the company’s stock valued at $95,000 after purchasing an additional 13,289 shares during the period. Geode Capital Management LLC increased its position in Creative Realities by 21.5% in the third quarter. Geode Capital Management LLC now owns 70,871 shares of the company’s stock worth $325,000 after buying an additional 12,546 shares during the last quarter. Finally, Legato Capital Management LLC bought a new stake in shares of Creative Realities in the fourth quarter valued at $26,000. Institutional investors own 41.32% of the company’s stock.

Analysts Set New Price Targets

Separately, LADENBURG THALM/SH SH started coverage on Creative Realities in a research note on Monday, December 16th. They set a “buy” rating and a $6.00 price target for the company.

Creative Realities Stock Performance

Creative Realities stock opened at $1.95 on Wednesday. The firm has a 50 day simple moving average of $2.23 and a 200 day simple moving average of $3.12. Creative Realities, Inc. has a 1-year low of $1.67 and a 1-year high of $5.20. The firm has a market capitalization of $20.37 million, a price-to-earnings ratio of 13.00 and a beta of 3.39.

Creative Realities (NASDAQ:CREX) last announced its quarterly earnings results on Friday, March 14th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.16). The company had revenue of $11.01 million during the quarter, compared to analysts’ expectations of $10.36 million. Creative Realities had a net margin of 1.38% and a return on equity of 2.62%. During the same quarter last year, the firm posted $0.14 earnings per share. On average, equities research analysts forecast that Creative Realities, Inc. will post -0.17 EPS for the current year.

Creative Realities Profile

Creative Realities, Inc, together with its subsidiaries, provides digital marketing technology and solutions in the United States and internationally. It offers digital signage and media solutions to enhance communications in a wide-ranging variety of out-of-home environments. The company’s solutions include digital merchandising systems and omni-channel customer engagement systems; interactive digital shopping assistants; advisors and kiosks; and other interactive marketing technologies, such as mobile, social media, point-of-sale transactions, beaconing, and web-based media that enables its customers to engage with their consumers.