Duos Technologies Group (NASDAQ:DUOT) Stock Rated “Neutral” in New Coverage at Chardan Capital

Equities researchers at Chardan Capital started coverage on shares of Duos Technologies Group (NASDAQ:DUOT) in a research report issued to clients and investors on Friday, Briefing.com reports. The firm set a “neutral” rating and a $9.50 price target on the stock. Chardan Capital’s price objective suggests a potential upside of 21.79% from the stock’s current price.

A number of other research firms have also issued reports on DUOT. Wall Street Zen upgraded shares of Duos Technologies Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Ascendiant Capital Markets upped their target price on shares of Duos Technologies Group from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, September 14th. Cantor Fitzgerald raised their price target on shares of Duos Technologies Group from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Weiss Ratings downgraded shares of Duos Technologies Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. Finally, Zacks Research upgraded shares of Duos Technologies Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Duos Technologies Group presently has a consensus rating of “Hold” and an average target price of $20.17.

Duos Technologies Group Stock Performance

Duos Technologies Group stock opened at $7.80 on Friday. The stock’s 50 day moving average price is $9.13 and its 200 day moving average price is $9.43. The firm has a market capitalization of $228.72 million, a PE ratio of 7.88 and a beta of 1.35. Duos Technologies Group has a one year low of $6.17 and a one year high of $15.28.

Insider Buying and Selling

In related news, CEO Frank Recker purchased 9,250 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was acquired at an average price of $9.14 per share, for a total transaction of $84,545.00. Following the completion of the purchase, the chief executive officer owned 9,250 shares in the company, valued at approximately $84,545. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Nixon purchased 5,764 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was bought at an average cost of $8.55 per share, for a total transaction of $49,282.20. Following the completion of the acquisition, the director directly owned 84,523 shares of the company’s stock, valued at $722,671.65. This represents a 7.32% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.49% of the stock is currently owned by company insiders.

Institutional Trading of Duos Technologies Group

Several hedge funds and other institutional investors have recently bought and sold shares of DUOT. Squarepoint Ops LLC grew its position in shares of Duos Technologies Group by 502.7% in the 2nd quarter. Squarepoint Ops LLC now owns 134,888 shares of the company’s stock worth $1,619,000 after acquiring an additional 112,508 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in Duos Technologies Group by 4.9% during the second quarter. Alyeska Investment Group L.P. now owns 2,000,000 shares of the company’s stock worth $24,000,000 after purchasing an additional 93,341 shares during the last quarter. Bank of America Corp DE bought a new position in Duos Technologies Group during the second quarter worth $237,000. Legal & General Group Plc acquired a new position in Duos Technologies Group in the second quarter worth $31,000. Finally, PEAK6 LLC acquired a new position in Duos Technologies Group in the second quarter worth $943,000. 42.61% of the stock is owned by institutional investors.

Duos Technologies Group Company Profile

Duos Technologies Group, Inc develops technology that combines artificial intelligence, machine learning, computer vision and data analytics to automate the inspection and monitoring of rail and other transportation infrastructure. The company serves commercial and government customers seeking to improve safety, security and operational efficiency through automated systems.

Its core offerings include the Railcar Inspection Portal, an automated, wayside inspection system designed to capture high-resolution images and other data as trains pass through a portal.