Rekor Systems, Inc. (NASDAQ:REKR) Shares Bought by Millennium Management LLC

Millennium Management LLC boosted its holdings in shares of Rekor Systems, Inc. (NASDAQ:REKR) by 61.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 368,915 shares of the company’s stock after buying an additional 139,902 shares during the quarter. Millennium Management LLC owned 0.39% of Rekor Systems worth $576,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers boosted its holdings in Rekor Systems by 13.5% during the fourth quarter. Rhumbline Advisers now owns 61,435 shares of the company’s stock worth $96,000 after buying an additional 7,315 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Rekor Systems by 44.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,163 shares of the company’s stock worth $52,000 after buying an additional 10,159 shares in the last quarter. Northern Trust Corp boosted its holdings in Rekor Systems by 2.1% during the fourth quarter. Northern Trust Corp now owns 599,376 shares of the company’s stock worth $935,000 after buying an additional 12,100 shares in the last quarter. Barclays PLC boosted its holdings in Rekor Systems by 11.7% during the fourth quarter. Barclays PLC now owns 116,615 shares of the company’s stock worth $182,000 after buying an additional 12,188 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in Rekor Systems by 33.4% during the fourth quarter. Stifel Financial Corp now owns 107,557 shares of the company’s stock worth $168,000 after buying an additional 26,920 shares in the last quarter. 45.71% of the stock is owned by hedge funds and other institutional investors.

Rekor Systems Stock Performance

NASDAQ:REKR opened at $1.42 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.76. The company has a fifty day moving average of $0.98 and a two-hundred day moving average of $1.25. The stock has a market capitalization of $167.08 million, a PE ratio of -2.18 and a beta of 2.26. Rekor Systems, Inc. has a fifty-two week low of $0.62 and a fifty-two week high of $2.67.

Rekor Systems (NASDAQ:REKR) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The company had revenue of $9.20 million for the quarter, compared to analyst estimates of $10.92 million. Rekor Systems had a negative return on equity of 119.85% and a negative net margin of 119.54%. As a group, research analysts forecast that Rekor Systems, Inc. will post -0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, William Blair restated an “outperform” rating on shares of Rekor Systems in a research report on Tuesday, April 1st.

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.