Duos Technologies Group, Inc. (DUOT) – What Are Investment Firms Thinking About This Stock?

Shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) have been assigned a consensus rating of “Hold” from the five research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $20.17.

DUOT has been the subject of several research reports. Ascendiant Capital Markets lifted their price objective on Duos Technologies Group from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Chardan Capital began coverage on Duos Technologies Group in a report on Friday, October 9th. They set a “neutral” rating and a $9.50 target price on the stock. Wall Street Zen downgraded Duos Technologies Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th. Cantor Fitzgerald raised their price target on Duos Technologies Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Finally, Weiss Ratings cut Duos Technologies Group from a “hold (c-)” rating to a “sell (d-)” rating in a report on Thursday, October 8th.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Duos Technologies Group

Institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC boosted its position in Duos Technologies Group by 502.7% during the second 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 during the last quarter. Renaissance Technologies LLC grew its stake in Duos Technologies Group by 197.1% in the 1st quarter. Renaissance Technologies LLC now owns 264,415 shares of the company’s stock worth $1,814,000 after acquiring an additional 175,415 shares during the period. Royal Bank of Canada grew its stake in Duos Technologies Group by 37.8% in the 1st quarter. Royal Bank of Canada now owns 1,330,691 shares of the company’s stock worth $9,129,000 after acquiring an additional 365,324 shares during the period. BlackRock Inc. acquired a new position in Duos Technologies Group in the 2nd quarter valued at $19,892,000. Finally, Regal Partners Ltd acquired a new position in Duos Technologies Group in the 1st quarter valued at $3,016,000. Institutional investors and hedge funds own 42.61% of the company’s stock.

Duos Technologies Group Price Performance

Shares of NASDAQ DUOT opened at $5.76 on Friday. Duos Technologies Group has a 12-month low of $5.18 and a 12-month high of $15.28. The company has a market capitalization of $168.88 million, a PE ratio of 5.82 and a beta of 1.35. The firm’s 50-day moving average is $8.88 and its two-hundred day moving average is $9.40.

About Duos Technologies Group

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.