Wall Street Zen Upgrades Rekor Systems (NASDAQ:REKR) to “Hold”

Rekor Systems (NASDAQ:REKR) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rekor Systems in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Rekor Systems Stock Performance

NASDAQ:REKR opened at $0.77 on Friday. The firm has a market cap of $105.46 million, a PE ratio of -3.33 and a beta of 1.83. Rekor Systems has a fifty-two week low of $0.72 and a fifty-two week high of $3.42. The business has a 50 day moving average price of $0.86 and a 200-day moving average price of $1.30.

Rekor Systems (NASDAQ:REKR) last issued its earnings results on Monday, May 11th. The company reported ($0.07) EPS 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 return on equity of 80.28% and a negative net margin of 60.48%. Research analysts predict that Rekor Systems will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Centiva Capital LP bought a new stake in Rekor Systems during the third quarter worth about $34,000. International Assets Investment Management LLC purchased a new position in shares of Rekor Systems during the fourth quarter valued at approximately $35,000. NewEdge Advisors LLC lifted its holdings in shares of Rekor Systems by 74.6% during 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 last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Rekor Systems by 845.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 33,263 shares of the company’s stock worth $46,000 after purchasing an additional 29,745 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Rekor Systems by 233.7% in the 2nd quarter. Creative Planning now owns 40,035 shares of the company’s stock worth $46,000 after purchasing an additional 28,037 shares in the last quarter. 45.71% of the stock is currently owned by institutional investors.

Rekor Systems Company 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.