Cantor Fitzgerald L. P. Purchases New Position in Rekor Systems, Inc. (NASDAQ:REKR)

Cantor Fitzgerald L. P. acquired a new position in Rekor Systems, Inc. (NASDAQ:REKR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,423,359 shares of the company's stock, valued at approximately $5,340,000. Rekor Systems accounts for about 0.1% of Cantor Fitzgerald L. P.'s holdings, making the stock its 27th largest position. Cantor Fitzgerald L. P. owned 3.65% of Rekor Systems as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of REKR. Virtu Financial LLC bought a new position in shares of Rekor Systems in the third quarter worth $41,000. PEAK6 LLC bought a new position in Rekor Systems in the 4th quarter worth about $45,000. Price T Rowe Associates Inc. MD boosted its stake in Rekor Systems by 44.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,163 shares of the company's stock worth $52,000 after purchasing an additional 10,159 shares during the period. Prudential Financial Inc. purchased a new position in Rekor Systems during the 4th quarter valued at about $67,000. Finally, LexAurum Advisors LLC increased its position in shares of Rekor Systems by 39.9% during the fourth quarter. LexAurum Advisors LLC now owns 45,705 shares of the company's stock valued at $71,000 after buying an additional 13,030 shares during the period. 45.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Rekor Systems Trading Up 1.0 %

Shares of REKR stock opened at $1.03 on Monday. The company has a market capitalization of $114.24 million, a PE ratio of -1.58 and a beta of 2.21. Rekor Systems, Inc. has a 52-week low of $0.62 and a 52-week high of $2.67. The business's fifty day moving average is $0.96 and its 200 day moving average is $1.24. 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 (NASDAQ:REKR - Get Free Report) last released its quarterly earnings results on Monday, March 31st. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.13). Rekor Systems had a negative net margin of 119.54% and a negative return on equity of 119.85%. The business had revenue of $13.28 million during the quarter, compared to analysts' expectations of $12.91 million. On average, equities research analysts anticipate that Rekor Systems, Inc. will post -0.57 EPS for the current fiscal year.

Rekor Systems 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.

Want to see what other hedge funds are holding REKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rekor Systems, Inc. (NASDAQ:REKR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.