Rekor Systems, Inc. (NASDAQ:REKR) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in shares of Rekor Systems, Inc. (NASDAQ:REKR) by 270.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,800 shares of the company’s stock after purchasing an additional 24,680 shares during the period. International Assets Investment Management LLC’s holdings in Rekor Systems were worth $113,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Armistice Capital LLC acquired a new stake in shares of Rekor Systems during the third quarter worth $14,562,000. D. Scott Neal Inc. increased its holdings in shares of Rekor Systems by 5.3% in the 4th quarter. D. Scott Neal Inc. now owns 1,700,650 shares of the company’s stock worth $5,663,000 after acquiring an additional 84,880 shares during the period. Tejara Capital Ltd increased its holdings in shares of Rekor Systems by 43.6% in the 3rd quarter. Tejara Capital Ltd now owns 745,581 shares of the company’s stock worth $2,103,000 after acquiring an additional 226,411 shares during the period. EAM Investors LLC acquired a new stake in shares of Rekor Systems in the 3rd quarter worth about $1,348,000. Finally, HighTower Advisors LLC increased its holdings in shares of Rekor Systems by 63.4% in the 3rd quarter. HighTower Advisors LLC now owns 133,727 shares of the company’s stock worth $373,000 after acquiring an additional 51,892 shares during the period. 45.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, William Blair reaffirmed an “outperform” rating on shares of Rekor Systems in a report on Tuesday, March 26th.

Rekor Systems Stock Up 2.5 %

REKR stock opened at $1.84 on Tuesday. The firm’s 50-day simple moving average is $2.14 and its 200 day simple moving average is $2.68. The stock has a market cap of $156.57 million, a PE ratio of -2.51 and a beta of 2.12. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.75. Rekor Systems, Inc. has a fifty-two week low of $1.06 and a fifty-two week high of $4.15.

Rekor Systems (NASDAQ:REKR) last announced its earnings results on Monday, March 25th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The company had revenue of $11.07 million during the quarter, compared to the consensus estimate of $10.72 million. Rekor Systems had a negative net margin of 130.78% and a negative return on equity of 106.96%. As a group, sell-side analysts predict that Rekor Systems, Inc. will post -0.28 EPS for the current year.

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.