William Blair Reiterates “Outperform” Rating for Rekor Systems (NASDAQ:REKR)

Rekor Systems (NASDAQ:REKR)‘s stock had its “outperform” rating reaffirmed by research analysts at William Blair in a note issued to investors on Tuesday,RTT News reports.

Rekor Systems Stock Performance

Shares of NASDAQ REKR opened at $0.84 on Tuesday. Rekor Systems has a 12-month low of $0.78 and a 12-month high of $2.67. The company has a market cap of $78.35 million, a PE ratio of -1.28 and a beta of 1.80. The stock has a 50 day simple moving average of $1.51 and a 200-day simple moving average of $1.29. The company has a current ratio of 0.76, a quick ratio of 0.63 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). The business had revenue of $13.28 million for the quarter, compared to analyst estimates of $12.91 million. Rekor Systems had a negative return on equity of 119.85% and a negative net margin of 119.54%. On average, equities research analysts forecast that Rekor Systems will post -0.57 EPS for the current year.

Institutional Investors Weigh In On Rekor Systems

Several large investors have recently modified their holdings of REKR. BNP Paribas Financial Markets raised its holdings in shares of Rekor Systems by 38.3% during 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 raised its stake 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 period. XTX Topco Ltd purchased a new stake in shares of Rekor Systems in the third quarter valued at $142,000. Barclays PLC boosted its position in shares of 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 buying an additional 80,255 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Rekor Systems by 5.5% in the third quarter. Geode Capital Management LLC now owns 1,813,380 shares of the company’s stock worth $2,140,000 after buying an additional 94,907 shares during the period. 45.71% of the stock is owned by institutional investors.

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.