Cantor Fitzgerald L. P. Takes $5.34 Million Position in Rekor Systems, Inc. (NASDAQ:REKR)

Cantor Fitzgerald L. P. acquired a new stake in Rekor Systems, Inc. (NASDAQ:REKR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,423,359 shares of the company's stock, valued at approximately $5,340,000. Rekor Systems accounts for 0.1% of Cantor Fitzgerald L. P.'s investment portfolio, making the stock its 27th largest position. Cantor Fitzgerald L. P. owned about 3.65% of Rekor Systems at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REKR. LPL Financial LLC increased its stake in shares of Rekor Systems by 1,666.6% in the fourth quarter. LPL Financial LLC now owns 204,133 shares of the company's stock valued at $318,000 after buying an additional 192,578 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in Rekor Systems during the 4th quarter valued at approximately $257,000. Geode Capital Management LLC raised its holdings in Rekor Systems by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 1,942,624 shares of the company's stock worth $3,031,000 after purchasing an additional 129,244 shares during the last quarter. Barclays PLC lifted its position in shares of Rekor Systems by 332.0% in the 3rd quarter. Barclays PLC now owns 104,427 shares of the company's stock worth $123,000 after purchasing an additional 80,255 shares during the period. Finally, Prudential Financial Inc. acquired a new position in shares of Rekor Systems in the 4th quarter worth approximately $67,000. 45.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Rekor Systems Trading Up 3.1 %

Shares of Rekor Systems stock traded up $0.03 on Friday, hitting $1.01. 2,598,823 shares of the company's stock traded hands, compared to its average volume of 3,371,222. The company has a fifty day moving average of $0.93 and a two-hundred day moving average of $1.23. Rekor Systems, Inc. has a one year low of $0.62 and a one year high of $2.67. The company has a market capitalization of $112.02 million, a price-to-earnings ratio of -1.55 and a beta of 2.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.76 and a quick ratio of 0.63.

Rekor Systems (NASDAQ:REKR - Get Free Report) last posted its quarterly earnings results on Monday, March 31st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.13). Rekor Systems had a negative return on equity of 119.85% and a negative net margin of 119.54%. The business had revenue of $13.28 million for the quarter, compared to the consensus estimate of $12.91 million. As a group, sell-side analysts expect 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.