Royal Bank of Canada Buys 365,324 Shares of Duos Technologies Group, Inc. $DUOT

Royal Bank of Canada lifted its stake in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) by 37.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,330,691 shares of the company’s stock after acquiring an additional 365,324 shares during the quarter. Royal Bank of Canada’s holdings in Duos Technologies Group were worth $9,129,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DUOT. Regal Partners Ltd acquired a new position in Duos Technologies Group during the first quarter valued at approximately $3,016,000. Renaissance Technologies LLC lifted its stake in shares of Duos Technologies Group by 197.1% in the first quarter. Renaissance Technologies LLC now owns 264,415 shares of the company’s stock worth $1,814,000 after buying an additional 175,415 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Duos Technologies Group by 152.3% in the first quarter. Private Advisor Group LLC now owns 426,181 shares of the company’s stock worth $2,924,000 after buying an additional 257,242 shares during the last quarter. C2C Wealth Management LLC bought a new stake in shares of Duos Technologies Group during the 1st quarter worth $75,000. Finally, XTX Topco Ltd boosted its holdings in shares of Duos Technologies Group by 46.7% during the 4th quarter. XTX Topco Ltd now owns 32,313 shares of the company’s stock worth $364,000 after buying an additional 10,289 shares during the period. 42.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DUOT. Wall Street Zen downgraded shares of Duos Technologies Group from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research raised Duos Technologies Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Ascendiant Capital Markets lifted their price objective on Duos Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Duos Technologies Group in a research note on Friday, July 17th. Finally, Cantor Fitzgerald assumed coverage on Duos Technologies Group in a report on Friday, July 31st. They issued an “overweight” rating and a $26.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Duos Technologies Group currently has an average rating of “Hold” and a consensus target price of $24.00.

Duos Technologies Group Stock Performance

DUOT opened at $9.24 on Monday. The stock’s 50 day simple moving average is $10.38 and its 200-day simple moving average is $9.32. The stock has a market cap of $270.92 million, a PE ratio of -14.00 and a beta of 1.29. Duos Technologies Group, Inc. has a 1 year low of $5.78 and a 1 year high of $15.28.

Duos Technologies Group (NASDAQ:DUOT) last issued its earnings results on Friday, May 15th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.12). Duos Technologies Group had a negative return on equity of 21.46% and a negative net margin of 45.36%.The firm had revenue of $2.72 million during the quarter, compared to the consensus estimate of $9.60 million. Equities analysts forecast that Duos Technologies Group, Inc. will post 0.04 earnings per share for the current fiscal year.

Duos Technologies Group Company Profile

Duos Technologies Group, Inc provides advanced non-intrusive security and inspection solutions utilizing motion-based and artificial intelligence technologies. The company’s core offerings include intelligent video analytics, RFID checkpoint systems, and specialized screening devices designed to detect security threats and contraband across transportation, logistics and critical infrastructure environments. Duos integrates proprietary hardware with software to deliver automated inspection and monitoring tools that enhance safety and operational efficiency.

Among its primary products are automated gate-entry systems, railcar inspection portals and portable screening devices that use AI-driven image recognition and sensor fusion to identify objects such as unauthorized materials, pipeline anomalies or vehicle defects.