Rekor Systems, Inc. $REKR Shares Sold by UBS Group AG

UBS Group AG trimmed its holdings in Rekor Systems, Inc. (NASDAQ:REKR) by 30.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,496,452 shares of the company’s stock after selling 657,612 shares during the period. UBS Group AG owned 1.18% of Rekor Systems worth $2,065,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Centiva Capital LP acquired a new stake in shares of Rekor Systems in the third quarter valued at about $34,000. NewEdge Advisors LLC raised its position in shares of 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 buying an additional 13,700 shares during the last quarter. Creative Planning raised its position in shares of Rekor Systems by 233.7% in the second quarter. Creative Planning now owns 40,035 shares of the company’s stock valued at $46,000 after buying an additional 28,037 shares during the last quarter. Bank of America Corp DE raised its position in shares of 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 buying an additional 25,723 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Rekor Systems in the second quarter valued at about $52,000. 45.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

REKR has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Rekor Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rekor Systems in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Rekor Systems Trading Up 3.7%

Rekor Systems stock opened at $0.77 on Friday. Rekor Systems, Inc. has a 12-month low of $0.71 and a 12-month high of $3.42. The stock has a market cap of $105.84 million, a P/E ratio of -3.34 and a beta of 1.83. The company has a 50-day moving average price of $0.82 and a 200 day moving average price of $1.19.

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

About Rekor Systems

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.