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

William Blair restated their outperform rating on shares of Rekor Systems (NASDAQ:REKR) in a research report released on Tuesday morning, Zacks.com reports. William Blair also issued estimates for Rekor Systems’ Q1 2024 earnings at ($0.11) EPS, Q2 2024 earnings at ($0.08) EPS, Q3 2024 earnings at ($0.07) EPS, Q4 2024 earnings at ($0.05) EPS, FY2024 earnings at ($0.31) EPS and FY2025 earnings at ($0.17) EPS.

Rekor Systems Stock Up 3.2 %

REKR stock opened at $2.29 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.01 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $195.38 million, a PE ratio of -3.14 and a beta of 2.13. Rekor Systems has a 1-year low of $1.00 and a 1-year high of $4.15. The business’s 50 day simple moving average is $2.57 and its 200 day simple moving average is $2.84.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in Rekor Systems in the 3rd quarter valued at $26,000. Parkside Financial Bank & Trust grew its holdings in Rekor Systems by 233.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 10,000 shares of the company’s stock valued at $28,000 after buying an additional 7,000 shares in the last quarter. Freedom Wealth Alliance LLC acquired a new position in Rekor Systems in the 3rd quarter valued at $32,000. Lake Hills Wealth Management LLC acquired a new position in Rekor Systems in the 4th quarter valued at $38,000. Finally, Eudaimonia Partners LLC acquired a new position in Rekor Systems in the 3rd quarter valued at $33,000. 45.71% of the stock is owned by institutional investors and hedge funds.

Rekor Systems Company Profile

Rekor Systems, Inc, a technology company, provides intelligent infrastructure solutions for transportation management, public safety, and urban mobility markets in the United States, Canada, and internationally. It leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.