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

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

A number of analysts have weighed in on DUOT shares. Weiss Ratings lowered Duos Technologies Group from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Thursday, October 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $24.00 target price on shares of Duos Technologies Group in a research note on Wednesday, October 21st. Chardan Capital initiated coverage on shares of Duos Technologies Group in a research note on Friday, October 9th. They set a “neutral” rating and a $9.50 target price for the company. Ascendiant Capital Markets upped their price target 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, Wall Street Zen downgraded shares of Duos Technologies Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 10th.

Insider Activity

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

Institutional Trading of Duos Technologies Group

Several institutional investors and hedge funds have recently made changes to their positions in DUOT. Alyeska Investment Group L.P. lifted its stake in Duos Technologies Group by 4.9% in the second quarter. Alyeska Investment Group L.P. now owns 2,000,000 shares of the company’s stock worth $24,000,000 after acquiring an additional 93,341 shares during the period. BlackRock Inc. purchased a new position in Duos Technologies Group during the 2nd quarter valued at about $19,892,000. Royal Bank of Canada raised its holdings in shares of 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 valued at $9,129,000 after purchasing an additional 365,324 shares in the last quarter. Regal Partners Ltd bought a new stake in shares of Duos Technologies Group in the 1st quarter valued at about $3,016,000. Finally, Private Advisor Group LLC raised its holdings in shares of Duos Technologies Group by 152.3% in the 1st quarter. Private Advisor Group LLC now owns 426,181 shares of the company’s stock valued at $2,924,000 after purchasing an additional 257,242 shares in the last quarter. 42.61% of the stock is currently owned by institutional investors.

Duos Technologies Group Stock Performance

Shares of DUOT stock opened at $5.20 on Tuesday. The stock has a 50 day moving average price of $7.52 and a 200 day moving average price of $8.88. Duos Technologies Group has a 52-week low of $4.66 and a 52-week high of $15.28. The firm has a market capitalization of $152.46 million, a P/E ratio of 5.25 and a beta of 1.53.

About Duos Technologies Group

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.