Duos Technologies Group (NASDAQ:DUOT) Stock Bumped Down to Sell by Wall Street Zen

Wall Street Zen cut shares of Duos Technologies Group (NASDAQ:DUOT) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

Several other research firms have also issued reports on DUOT. Zacks Research raised shares of Duos Technologies Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Cantor Fitzgerald raised their target price on Duos Technologies Group from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Ascendiant Capital Markets boosted their price target 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. Weiss Ratings downgraded Duos Technologies Group from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Thursday. Finally, Chardan Capital assumed coverage on Duos Technologies Group in a report on Friday. They set a “neutral” rating and a $9.50 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Duos Technologies Group has an average rating of “Hold” and an average target price of $20.17.

Duos Technologies Group Stock Performance

Shares of DUOT opened at $7.20 on Friday. The firm has a market cap of $211.10 million, a PE ratio of 7.27 and a beta of 1.35. The firm’s 50 day moving average price is $9.10 and its 200 day moving average price is $9.41. Duos Technologies Group has a twelve month low of $6.17 and a twelve month high of $15.28.

Insiders Place Their Bets

In other news, CEO Frank Recker bought 9,250 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were purchased at an average price of $9.14 per share, for a total transaction of $84,545.00. Following the acquisition, the chief executive officer directly owned 9,250 shares of the company’s stock, valued at $84,545. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James Nixon bought 5,764 shares of the business’s stock in a transaction on 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 transaction, the director 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 disclosure for this purchase is available in the SEC filing. Company insiders own 3.49% of the company’s stock.

Hedge Funds Weigh In On Duos Technologies Group

Large investors have recently made changes to their positions in the business. Legal & General Group Plc bought a new stake in Duos Technologies Group during the 2nd quarter valued at approximately $31,000. C2C Wealth Management LLC acquired a new position in shares of Duos Technologies Group during the first quarter worth approximately $75,000. Heck Capital Advisors LLC bought a new stake in shares of Duos Technologies Group in the second quarter valued at approximately $164,000. Bank of America Corp DE boosted its position in shares of Duos Technologies Group by 244.8% in the first quarter. Bank of America Corp DE now owns 29,644 shares of the company’s stock valued at $203,000 after acquiring an additional 21,046 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Duos Technologies Group in the second quarter worth $262,000. Institutional investors and hedge funds own 42.61% of the company’s stock.

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.