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

Duos Technologies Group, Inc. (NASDAQ:DUOT) has earned a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $19.17.

A number of research analysts have issued reports on the company. Ascendiant Capital Markets lifted their price objective on Duos Technologies Group from $22.00 to $24.00 and gave the company a “buy” rating in a report on Monday, September 14th. Weiss Ratings lowered shares of Duos Technologies Group from a “hold (c-)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. Wall Street Zen lowered shares of Duos Technologies Group from a “hold” rating to a “sell” rating in a report on Saturday, October 10th. Cantor Fitzgerald reiterated an “overweight” rating and set a $24.00 target price on shares of Duos Technologies Group in a research report on Wednesday, October 21st. Finally, Chardan Capital assumed coverage on shares of Duos Technologies Group in a report on Friday, October 9th. They set a “neutral” rating and a $9.50 price target for the company.

Duos Technologies Group Price Performance

Shares of DUOT stock opened at $5.98 on Tuesday. The stock’s fifty day simple moving average is $7.98 and its 200 day simple moving average is $9.01. The firm has a market cap of $175.33 million, a price-to-earnings ratio of 6.04 and a beta of 1.35. Duos Technologies Group has a one year low of $5.18 and a one year high of $15.28.

Insider Activity at Duos Technologies Group

In other news, Director James Nixon acquired 5,764 shares of the company’s stock in a transaction dated Friday, September 18th. The stock was bought at an average price of $8.55 per share, with a total value 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. This represents a 7.32% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frank Recker bought 9,250 shares of the business’s stock in a transaction dated 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 purchase, 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 SEC filing for this purchase provides additional information. Company insiders own 3.49% of the company’s stock.

Institutional Investors Weigh In On Duos Technologies Group

A number of hedge funds and other institutional investors have recently bought and sold shares of DUOT. Squarepoint Ops LLC boosted its stake in Duos Technologies Group by 502.7% in the second 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 in the last quarter. Alyeska Investment Group L.P. increased 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 buying an additional 93,341 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Duos Technologies Group in the second quarter valued at $237,000. Legal & General Group Plc acquired a new stake in shares of Duos Technologies Group in the second quarter valued at $31,000. Finally, PEAK6 LLC bought a new position in shares of Duos Technologies Group in the second quarter valued at about $943,000. 42.61% of the stock is owned by institutional investors and hedge funds.

Duos Technologies Group Company Profile

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.