Perritt Capital Management Inc Purchases 90,000 Shares of Creative Realities, Inc. (NASDAQ:CREX)

Perritt Capital Management Inc boosted its holdings in shares of Creative Realities, Inc. (NASDAQ:CREX) by 180.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 140,000 shares of the company’s stock after buying an additional 90,000 shares during the period. Perritt Capital Management Inc’s holdings in Creative Realities were worth $343,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CREX. Legato Capital Management LLC purchased a new stake in shares of Creative Realities in the 4th quarter valued at about $26,000. Commonwealth Equity Services LLC bought a new position in shares of Creative Realities in the fourth quarter worth approximately $37,000. Raymond James Financial Inc. bought a new position in shares of Creative Realities in the fourth quarter worth approximately $39,000. Essex Investment Management Co. LLC raised its stake in Creative Realities by 51.8% in the fourth quarter. Essex Investment Management Co. LLC now owns 38,920 shares of the company’s stock valued at $95,000 after purchasing an additional 13,289 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Creative Realities by 21.5% during the third quarter. Geode Capital Management LLC now owns 70,871 shares of the company’s stock valued at $325,000 after purchasing an additional 12,546 shares during the last quarter. 41.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH assumed coverage on shares of Creative Realities in a report on Monday, December 16th. They issued a “buy” rating and a $6.00 price target on the stock.

Creative Realities Price Performance

Shares of CREX opened at $1.95 on Wednesday. Creative Realities, Inc. has a 1 year low of $1.67 and a 1 year high of $5.20. The stock has a 50 day simple moving average of $2.23 and a two-hundred day simple moving average of $3.12. The firm has a market cap of $20.37 million, a P/E ratio of 13.00 and a beta of 3.39.

Creative Realities (NASDAQ:CREX) last issued its earnings results on Friday, March 14th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.16). Creative Realities had a return on equity of 2.62% and a net margin of 1.38%. The firm had revenue of $11.01 million during the quarter, compared to analysts’ expectations of $10.36 million. During the same period in the previous year, the firm earned $0.14 earnings per share. On average, equities analysts anticipate that Creative Realities, Inc. will post -0.17 earnings per share for the current year.

About Creative Realities

Creative Realities, Inc, together with its subsidiaries, provides digital marketing technology and solutions in the United States and internationally. It offers digital signage and media solutions to enhance communications in a wide-ranging variety of out-of-home environments. The company’s solutions include digital merchandising systems and omni-channel customer engagement systems; interactive digital shopping assistants; advisors and kiosks; and other interactive marketing technologies, such as mobile, social media, point-of-sale transactions, beaconing, and web-based media that enables its customers to engage with their consumers.