Duos Technologies Group, Inc. (NASDAQ:DUOT) Stock Has Consensus Price Target of $19.17 According to Analysts

Shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) have been assigned a consensus rating of “Hold” from the five ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $19.17.

Several equities analysts have recently issued reports on DUOT shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $24.00 target price on shares of Duos Technologies Group in a report on Wednesday, October 21st. Wall Street Zen cut Duos Technologies Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 10th. Weiss Ratings cut Duos Technologies Group from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Thursday, October 8th. Ascendiant Capital Markets raised their price objective on shares of Duos Technologies Group from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, September 14th. Finally, Chardan Capital began coverage on shares of Duos Technologies Group in a report on Friday, October 9th. They set a “neutral” rating and a $9.50 target price for the company.

Insider Buying and Selling at Duos Technologies Group

In other news, Director James Nixon purchased 5,764 shares of the stock in a transaction dated Friday, September 18th. The shares were purchased at an average cost of $8.55 per share, with a total value of $49,282.20. Following 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frank Recker bought 9,250 shares of the company’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 acquisition, the chief executive officer directly owned 9,250 shares in the company, valued at $84,545. This trade represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. 3.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Duos Technologies Group

A number of institutional investors have recently modified their holdings of DUOT. Legal & General Group Plc acquired a new stake in Duos Technologies Group in the second quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new position in shares of Duos Technologies Group during the second quarter worth $164,000. Bank of America Corp DE purchased a new position in Duos Technologies Group in the second quarter valued at $237,000. Quantbot Technologies LP purchased a new position in Duos Technologies Group in the second quarter valued at $262,000. Finally, Deutsche Bank AG purchased a new position in Duos Technologies Group in the second quarter valued at $315,000. 42.61% of the stock is owned by hedge funds and other institutional investors.

Duos Technologies Group Price Performance

Shares of Duos Technologies Group stock opened at $5.25 on Tuesday. Duos Technologies Group has a one year low of $4.66 and a one year high of $15.28. The firm has a market capitalization of $153.78 million, a price-to-earnings ratio of 5.30 and a beta of 1.53. The business has a 50-day simple moving average of $7.52 and a 200 day simple moving average of $8.88.

Duos Technologies Group Company Profile

Duos Technologies Group, Inc. is a technology company that develops intelligent security, inspection and information-management solutions. Its systems combine machine vision, artificial intelligence, advanced analytics and edge-computing capabilities to help customers automate the detection, analysis and reporting of events or equipment conditions. The company is best known for its rail-industry solutions, including the Railcar Inspection Portal. The portal uses cameras, sensors and software to inspect railcars and trains as they pass through a designated inspection area, identifying potential mechanical defects and other anomalies.