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

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

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

Rekor Systems Stock Down 17.1 %

Rekor Systems stock traded down $0.19 during midday trading on Friday, hitting $0.90. 2,968,641 shares of the stock were exchanged, compared to its average volume of 1,165,814. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.67. The company has a 50 day moving average price of $1.14 and a two-hundred day moving average price of $1.43. The firm has a market cap of $79.21 million, a P/E ratio of -1.34 and a beta of 1.97. Rekor Systems has a 1 year low of $0.89 and a 1 year high of $3.92.

Rekor Systems (NASDAQ:REKR) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01. Rekor Systems had a negative return on equity of 112.99% and a negative net margin of 118.66%. The business had revenue of $12.43 million for the quarter, compared to analysts’ expectations of $12.15 million. On average, sell-side analysts predict that Rekor Systems will post -0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of REKR. SG Americas Securities LLC lifted its stake in Rekor Systems by 76.2% during the first quarter. SG Americas Securities LLC now owns 62,746 shares of the company’s stock worth $144,000 after purchasing an additional 27,133 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Rekor Systems in the 1st quarter valued at about $454,000. Vanguard Group Inc. grew its position in shares of Rekor Systems by 31.7% during the 1st quarter. Vanguard Group Inc. now owns 3,453,249 shares of the company’s stock valued at $7,908,000 after buying an additional 830,761 shares during the last quarter. Hood River Capital Management LLC acquired a new stake in Rekor Systems during the first quarter worth about $2,769,000. Finally, AWM Investment Company Inc. bought a new position in Rekor Systems in the first quarter worth about $3,323,000. Institutional investors own 45.71% of the company’s stock.

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.