2,125,777 Shares in Rekor Systems, Inc. $REKR Bought by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. purchased a new position in shares of Rekor Systems, Inc. (NASDAQ:REKR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,125,777 shares of the company’s stock, valued at approximately $2,934,000.

Other institutional investors also recently bought and sold shares of the company. Centiva Capital LP acquired a new position in Rekor Systems in the third quarter valued at $34,000. International Assets Investment Management LLC acquired a new position in Rekor Systems in the fourth quarter valued at $35,000. Bank of America Corp DE increased its stake in Rekor Systems by 513.9% in the third quarter. Bank of America Corp DE now owns 30,728 shares of the company’s stock valued at $48,000 after purchasing an additional 25,723 shares during the period. NewEdge Advisors LLC increased its stake in Rekor Systems by 74.6% in the second quarter. NewEdge Advisors LLC now owns 32,055 shares of the company’s stock valued at $37,000 after purchasing an additional 13,700 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in Rekor Systems in the third quarter valued at $52,000. 45.71% of the stock is currently owned by institutional investors and hedge funds.

Rekor Systems Stock Up 1.1%

Shares of NASDAQ:REKR opened at $0.74 on Thursday. The company has a market cap of $101.79 million, a price-to-earnings ratio of -3.22 and a beta of 1.83. The firm’s 50-day simple moving average is $0.85 and its 200-day simple moving average is $1.26. Rekor Systems, Inc. has a fifty-two week low of $0.71 and a fifty-two week high of $3.42.

Rekor Systems (NASDAQ:REKR) last issued its earnings results on Monday, May 11th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $10.26 million during the quarter, compared to analysts’ expectations of $12.32 million. Rekor Systems had a negative net margin of 60.48% and a negative return on equity of 80.28%. On average, research analysts forecast that Rekor Systems, Inc. will post -0.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on REKR. Weiss Ratings restated a “sell (d-)” rating on shares of Rekor Systems in a research note on Tuesday, April 21st. Wall Street Zen raised shares of Rekor Systems from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Rekor Systems has a consensus rating of “Sell”.

Rekor Systems Profile

Rekor Systems, Inc is a U.S.-based technology company specializing in real-time vehicle recognition solutions powered by artificial intelligence and machine learning. The company develops software and hardware systems that capture, analyze and store vehicle data—such as license plate images, make and model, color and vehicle characteristics—by leveraging advanced computer vision algorithms. Rekor’s platforms enable public safety agencies, transportation departments and private enterprises to automate vehicle identification, enhance situational awareness and improve operational efficiency.

The company’s flagship offering is a suite of intelligent camera and analytics products that include built-in license plate recognition (LPR) and vehicle attribute classification.