LexAurum Advisors LLC Boosts Stock Position in Rekor Systems, Inc. (NASDAQ:REKR)

LexAurum Advisors LLC boosted its position in Rekor Systems, Inc. (NASDAQ:REKR) by 39.9% in the 4th quarter, HoldingsChannel reports. The firm owned 45,705 shares of the company’s stock after purchasing an additional 13,030 shares during the period. LexAurum Advisors LLC’s holdings in Rekor Systems were worth $71,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in shares of Rekor Systems by 38.3% in the third quarter. BNP Paribas Financial Markets now owns 34,262 shares of the company’s stock valued at $40,000 after buying an additional 9,494 shares during the last quarter. Virtu Financial LLC acquired a new position in Rekor Systems in the 3rd quarter valued at $41,000. Pure Portfolios Holdings LLC acquired a new position in Rekor Systems in the 3rd quarter valued at $43,000. Rhumbline Advisers acquired a new stake in shares of Rekor Systems during the second quarter worth $94,000. Finally, Barclays PLC grew its position in shares of Rekor Systems by 332.0% in the third quarter. Barclays PLC now owns 104,427 shares of the company’s stock valued at $123,000 after purchasing an additional 80,255 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 reiterated an “outperform” rating on shares of Rekor Systems in a research report on Friday, November 15th.

Rekor Systems Price Performance

Rekor Systems stock opened at $1.88 on Friday. Rekor Systems, Inc. has a 1 year low of $0.78 and a 1 year high of $3.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.76. The firm has a 50 day moving average price of $1.22 and a 200 day moving average price of $1.30.

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.