Shay Capital LLC Decreases Stake in Rekor Systems, Inc. (NASDAQ:REKR)

Shay Capital LLC cut its stake in shares of Rekor Systems, Inc. (NASDAQ:REKR) by 39.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,900,000 shares of the company’s stock after selling 1,250,000 shares during the quarter. Shay Capital LLC’s holdings in Rekor Systems were worth $2,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. ProShare Advisors LLC grew its stake in Rekor Systems by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 20,752 shares of the company’s stock valued at $32,000 after purchasing an additional 6,829 shares during the last quarter. PEAK6 LLC acquired a new position in Rekor Systems in the 4th quarter worth approximately $45,000. Price T Rowe Associates Inc. MD increased its holdings in Rekor Systems by 44.2% in the 4th 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 during the period. Prudential Financial Inc. purchased a new position in Rekor Systems during the 4th quarter worth approximately $67,000. Finally, LexAurum Advisors LLC lifted its stake in Rekor Systems by 39.9% during the 4th quarter. LexAurum Advisors LLC now owns 45,705 shares of the company’s stock valued at $71,000 after acquiring an additional 13,030 shares during the period. 45.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Rekor Systems Stock Performance

NASDAQ REKR opened at $1.03 on Friday. The firm has a market capitalization of $114.24 million, a P/E ratio of -1.58 and a beta of 2.21. The stock has a 50-day simple moving average of $0.93 and a two-hundred day simple moving average of $1.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.76. 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 released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The company had revenue of $9.20 million during the quarter, compared to analysts’ expectations of $10.92 million. Rekor Systems had a negative return on equity of 119.85% and a negative net margin of 119.54%. On average, equities analysts forecast that Rekor Systems, Inc. will post -0.57 earnings per share 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.