Shay Capital LLC Sells 1,250,000 Shares of Rekor Systems, Inc. (NASDAQ:REKR)

Shay Capital LLC decreased its holdings in shares of Rekor Systems, Inc. (NASDAQ:REKR) by 39.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,900,000 shares of the company’s stock after selling 1,250,000 shares during the period. Shay Capital LLC owned 2.03% of Rekor Systems worth $2,964,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. ProShare Advisors LLC boosted its stake in shares of Rekor Systems by 49.0% during the fourth 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 in the last quarter. PEAK6 LLC purchased a new stake in Rekor Systems during the fourth quarter worth $45,000. Price T Rowe Associates Inc. MD boosted its position in Rekor Systems by 44.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,163 shares of the company’s stock valued at $52,000 after acquiring an additional 10,159 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of Rekor Systems in the 4th quarter valued at $67,000. Finally, LexAurum Advisors LLC increased its holdings in shares of Rekor Systems by 39.9% in 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. Institutional investors own 45.71% of the company’s stock.

Rekor Systems Stock Up 1.0%

NASDAQ:REKR opened at $1.03 on Friday. The company’s 50-day simple moving average is $0.93 and its 200-day simple moving average is $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. The stock has a market capitalization of $114.24 million, a P/E ratio of -1.58 and a beta of 2.21.

Rekor Systems (NASDAQ:REKR) last issued 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). Rekor Systems had a negative net margin of 119.54% and a negative return on equity of 119.85%. The business had revenue of $9.20 million for the quarter, compared to analysts’ expectations of $10.92 million. On average, equities analysts anticipate that Rekor Systems, Inc. will post -0.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, William Blair reaffirmed 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.