Rekor Systems, Inc. (NASDAQ:REKR) – Equities researchers at B. Riley cut their FY2021 earnings per share (EPS) estimates for Rekor Systems in a report issued on Wednesday, September 15th. B. Riley analyst Z. Cummins now forecasts that the company will post earnings of ($0.53) per share for the year, down from their prior forecast of ($0.51). B. Riley currently has a “Buy” rating and a $14.00 target price on the stock. B. Riley also issued estimates for Rekor Systems’ Q4 2021 earnings at ($0.12) EPS and FY2022 earnings at ($0.20) EPS.
REKR has been the subject of several other research reports. Lake Street Capital dropped their price target on shares of Rekor Systems from $25.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, August 17th. Zacks Investment Research lowered shares of Rekor Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 21st. Finally, Northland Securities reissued a “buy” rating and issued a $15.00 price target on shares of Rekor Systems in a research report on Friday.
Rekor Systems (NASDAQ:REKR) last announced its quarterly earnings data on Monday, August 16th. The company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.01). The company had revenue of $4.27 million for the quarter, compared to analyst estimates of $4.95 million. Rekor Systems had a negative net margin of 148.37% and a negative return on equity of 32.22%.
In other Rekor Systems news, COO Rodney Hillman sold 5,747 shares of the company’s stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $10.00, for a total transaction of $57,470.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP grew its stake in Rekor Systems by 20.6% during the second quarter. GSA Capital Partners LLP now owns 14,064 shares of the company’s stock worth $143,000 after buying an additional 2,404 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Rekor Systems during the second quarter worth about $25,000. Royal Bank of Canada grew its stake in Rekor Systems by 75.0% during the second quarter. Royal Bank of Canada now owns 7,436 shares of the company’s stock worth $76,000 after buying an additional 3,186 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Rekor Systems by 15.9% during the second quarter. HighTower Advisors LLC now owns 24,055 shares of the company’s stock valued at $245,000 after purchasing an additional 3,294 shares during the last quarter. Finally, Adalta Capital Management LLC bought a new stake in shares of Rekor Systems during the first quarter valued at approximately $100,000. 43.43% of the stock is currently owned by hedge funds and other institutional investors.
Rekor Systems Company Profile
Rekor Systems, Inc is a holding company, which engages in the provision of real-time roadway, customer, and public safety intelligence solutions through its subsidiaries. It specializes in intelligent roadway systems developed to take advantage of recent developments in artificial intelligence. The company was founded by James K.
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