Ascendiant Capital Markets Boosts Duos Technologies Group (NASDAQ:DUOT) Price Target to $24.00

Duos Technologies Group (NASDAQ:DUOT) had its target price increased by stock analysts at Ascendiant Capital Markets from $22.00 to $24.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Ascendiant Capital Markets’ price objective would suggest a potential upside of 190.56% from the stock’s previous close.

DUOT has been the topic of a number of other reports. Wall Street Zen upgraded Duos Technologies Group from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings upgraded shares of Duos Technologies Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. Zacks Research raised Duos Technologies Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Cantor Fitzgerald upped 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. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Duos Technologies Group Price Performance

NASDAQ DUOT opened at $8.26 on Monday. Duos Technologies Group has a 12 month low of $6.17 and a 12 month high of $15.28. The company’s 50 day simple moving average is $9.06 and its 200 day simple moving average is $9.29. The firm has a market capitalization of $242.18 million, a PE ratio of 8.34 and a beta of 1.33.

Hedge Funds Weigh In On Duos Technologies Group

Several large investors have recently bought and sold shares of DUOT. Squarepoint Ops LLC grew its position in Duos Technologies Group by 502.7% in 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 during the last quarter. California State Teachers Retirement System acquired a new stake in shares of Duos Technologies Group during the 2nd quarter worth approximately $52,000. Alyeska Investment Group L.P. raised its stake in shares of 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 valued at $24,000,000 after purchasing an additional 93,341 shares in the last quarter. Bank of America Corp DE bought a new position in Duos Technologies Group in the second quarter worth $237,000. Finally, Legal & General Group Plc bought a new stake in Duos Technologies Group in the 2nd quarter valued at $31,000. 42.61% of the stock is currently owned by institutional investors and hedge funds.

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.