Duos Technologies Group (NASDAQ:DUOT) Director Purchases $49,282.20 in Stock

Duos Technologies Group, Inc. (NASDAQ:DUOT) Director James Craig Nixon bought 5,764 shares of the stock in a transaction dated Friday, September 18th. The shares were bought at an average price of $8.55 per share, for a total transaction of $49,282.20. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Duos Technologies Group Stock Up 3.7%

Shares of NASDAQ:DUOT opened at $8.86 on Tuesday. Duos Technologies Group, Inc. has a 52-week low of $6.17 and a 52-week high of $15.28. The stock has a market cap of $259.78 million, a P/E ratio of 8.95 and a beta of 1.33. The business has a fifty day moving average of $8.93 and a two-hundred day moving average of $9.30.

Institutional Investors Weigh In On Duos Technologies Group

A number of institutional investors have recently made changes to their positions in DUOT. Legal & General Group Plc acquired a new position in shares of Duos Technologies Group in the 2nd quarter worth approximately $31,000. C2C Wealth Management LLC acquired a new stake in Duos Technologies Group in the 1st quarter valued at approximately $75,000. Heck Capital Advisors LLC purchased a new stake in Duos Technologies Group in the second quarter valued at approximately $164,000. Bank of America Corp DE purchased a new stake in Duos Technologies Group in the second quarter valued at approximately $237,000. Finally, Quantbot Technologies LP acquired a new position in Duos Technologies Group during the second quarter worth $262,000. 42.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on DUOT. Wall Street Zen raised shares of Duos Technologies Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Zacks Research raised shares of Duos Technologies Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Cantor Fitzgerald upped their price objective on Duos Technologies Group from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Weiss Ratings lowered Duos Technologies Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. Finally, Ascendiant Capital Markets raised their target price on Duos Technologies Group from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

About Duos Technologies Group

Duos Technologies Group, Inc is a technology company that develops artificial intelligence, machine learning and machine-vision solutions for railroads, transportation operators and other critical infrastructure customers. The company’s systems are designed to automate inspection, monitoring and security processes, helping customers identify potential equipment defects and operational risks.

Its primary offerings include the Railcar Inspection Portal, an automated system that uses high-resolution imaging and software analytics to inspect railcars as they pass through a portal at operating speeds.