Goldman Sachs Group Inc. Acquires 686,094 Shares of Rekor Systems, Inc. $REKR

Key Points

• Goldman Sachs Group Inc. increased its stake in Rekor Systems, Inc. by 20.8%, owning approximately 3.37% of the company valued at $3.53 million after acquiring 686,094 shares.
• Rekor reported a net loss per share of ($0.07) for the last quarter, which was lower than the analysts' expectations of ($0.06) per share, with total revenues matching consensus estimates at $12.36 million.
• 45.71% of Rekor Systems stock is held by institutional investors, indicating strong interest from the investment community in the company's future performance.

Goldman Sachs Group Inc. increased its holdings in Rekor Systems, Inc. (NASDAQ:REKR - Free Report) by 20.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,981,293 shares of the company's stock after purchasing an additional 686,094 shares during the period. Goldman Sachs Group Inc. owned approximately 3.37% of Rekor Systems worth $3,530,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Deutsche Bank AG raised its holdings in Rekor Systems by 349.8% during the 4th quarter. Deutsche Bank AG now owns 227,639 shares of the company's stock valued at $355,000 after buying an additional 177,026 shares during the last quarter. Virtu Financial LLC bought a new stake in Rekor Systems during the 1st quarter valued at $152,000. Millennium Management LLC raised its holdings in Rekor Systems by 61.1% during the 4th quarter. Millennium Management LLC now owns 368,915 shares of the company's stock valued at $576,000 after buying an additional 139,902 shares during the last quarter. Nuveen LLC bought a new position in Rekor Systems in the 1st quarter worth $85,000. Finally, Moloney Securities Asset Management LLC raised its holdings in Rekor Systems by 42.8% in the 1st quarter. Moloney Securities Asset Management LLC now owns 173,777 shares of the company's stock worth $154,000 after purchasing an additional 52,125 shares in the last quarter. Hedge funds and other institutional investors own 45.71% of the company's stock.

Rekor Systems Trading Up 9.8%

NASDAQ REKR traded up $0.16 during trading on Friday, hitting $1.79. The company had a trading volume of 10,017,684 shares, compared to its average volume of 2,195,745. The company has a current ratio of 1.40, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. Rekor Systems, Inc. has a one year low of $0.62 and a one year high of $2.67. The company has a market cap of $226.13 million, a price-to-earnings ratio of -3.38 and a beta of 2.02. The company's fifty day moving average is $1.20 and its 200-day moving average is $1.11.

Rekor Systems (NASDAQ:REKR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). Rekor Systems had a negative return on equity of 146.71% and a negative net margin of 115.76%.The company had revenue of $12.36 million during the quarter, compared to the consensus estimate of $12.36 million. On average, sell-side analysts predict that Rekor Systems, Inc. will post -0.57 earnings per share for the current year.

About Rekor Systems

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.