Duos Technologies Group, Inc. (NASDAQ:DUOT) Stock Now Rated “Hold” by Wall Street Brokerages

Duos Technologies Group, Inc. (NASDAQ:DUOT) has earned an average rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $19.17.

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

Duos Technologies Group Stock Up 6.1%

Shares of NASDAQ DUOT opened at $5.02 on Tuesday. The stock has a market capitalization of $147.19 million, a price-to-earnings ratio of 5.07 and a beta of 1.53. Duos Technologies Group has a 52 week low of $4.66 and a 52 week high of $15.28. The firm has a 50-day moving average price of $7.60 and a 200 day moving average price of $8.91.

Insiders Place Their Bets

In other news, CEO Frank Recker purchased 9,250 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 9,250 shares in the company, valued at $84,545. This represents a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director James Nixon purchased 5,764 shares of the business’s 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 purchase, the director directly owned 84,523 shares in the company, valued at approximately $722,671.65. The trade was 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 insiders.

Institutional Investors Weigh In On Duos Technologies Group

A number of large investors have recently added to or reduced their stakes in DUOT. Squarepoint Ops LLC increased its stake in shares of Duos Technologies Group by 502.7% during the 2nd quarter. Squarepoint Ops LLC now owns 134,888 shares of the company’s stock worth $1,619,000 after purchasing an additional 112,508 shares in the last quarter. Alyeska Investment Group L.P. raised its position in shares of Duos Technologies Group by 4.9% during the 2nd 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 purchased a new stake in Duos Technologies Group in the 2nd quarter valued at approximately $237,000. Legal & General Group Plc purchased a new stake in Duos Technologies Group in the 2nd quarter valued at approximately $31,000. Finally, PEAK6 LLC acquired a new stake in Duos Technologies Group during the 2nd quarter valued at $943,000. 42.61% of the stock is owned by institutional investors and hedge funds.

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.