BlackRock Inc. Invests $19.89 Million in Duos Technologies Group, Inc. $DUOT

BlackRock Inc. purchased a new position in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 1,657,657 shares of the company’s stock, valued at approximately $19,892,000. BlackRock Inc. owned 0.06% of Duos Technologies Group as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Regal Partners Ltd acquired a new stake in Duos Technologies Group during the 1st quarter worth $3,016,000. Shay Capital LLC raised its position in shares of Duos Technologies Group by 2,646.1% in the third quarter. Shay Capital LLC now owns 411,910 shares of the company’s stock valued at $3,032,000 after buying an additional 396,910 shares during the last quarter. Royal Bank of Canada raised its position in shares of Duos Technologies Group by 37.8% in the first quarter. Royal Bank of Canada now owns 1,330,691 shares of the company’s stock valued at $9,129,000 after buying an additional 365,324 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Duos Technologies Group by 80.4% in the third quarter. Vanguard Group Inc. now owns 639,797 shares of the company’s stock worth $4,709,000 after buying an additional 285,235 shares in the last quarter. Finally, Potomac Capital Management Inc. purchased a new position in shares of Duos Technologies Group in the fourth quarter worth about $3,085,000. 42.61% of the stock is owned by institutional investors and hedge funds.

Duos Technologies Group Price Performance

NASDAQ:DUOT opened at $8.61 on Thursday. Duos Technologies Group, Inc. has a 52 week low of $6.02 and a 52 week high of $15.28. The stock’s fifty day moving average is $9.41 and its two-hundred day moving average is $9.30. The company has a market capitalization of $252.45 million, a P/E ratio of 8.70 and a beta of 1.33.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Duos Technologies Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Weiss Ratings upgraded shares of Duos Technologies Group from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Ascendiant Capital Markets boosted their target price on Duos Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Cantor Fitzgerald boosted their target price on Duos Technologies Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen upgraded Duos Technologies Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.50.

Duos Technologies Group 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.