Duos Technologies Group, Inc. (NASDAQ:DUOT) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) have received a consensus rating of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $20.17.

Several research analysts recently weighed in on DUOT shares. Chardan Capital started coverage on shares of Duos Technologies Group in a report on Friday. They issued a “neutral” rating and a $9.50 target price for the company. Cantor Fitzgerald boosted their price objective on Duos Technologies Group from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Wall Street Zen raised Duos Technologies Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Zacks Research upgraded Duos Technologies Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Weiss Ratings downgraded Duos Technologies Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th.

Insider Buying and Selling at Duos Technologies Group

In related news, CEO Frank Recker bought 9,250 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were purchased at an average price of $9.14 per share, with a total value of $84,545.00. Following the completion of the acquisition, the chief executive officer owned 9,250 shares of the company’s stock, valued at $84,545. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Nixon bought 5,764 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The shares were bought at an average cost of $8.55 per share, with a total value of $49,282.20. Following the completion of the purchase, the director directly owned 84,523 shares of the company’s stock, valued at $722,671.65. This represents a 7.32% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Duos Technologies Group

Hedge funds have recently made changes to their positions in the company. Alyeska Investment Group L.P. grew its holdings in Duos Technologies Group by 4.9% during the 2nd 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. BlackRock Inc. purchased a new stake in shares of Duos Technologies Group during the 2nd quarter worth approximately $19,892,000. Royal Bank of Canada boosted its position in shares of Duos Technologies Group by 37.8% during the 1st quarter. Royal Bank of Canada now owns 1,330,691 shares of the company’s stock valued at $9,129,000 after acquiring an additional 365,324 shares during the last quarter. Regal Partners Ltd purchased a new position in shares of Duos Technologies Group in the first quarter valued at $3,016,000. Finally, Private Advisor Group LLC increased its position in 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 purchasing an additional 257,242 shares during the last quarter. 42.61% of the stock is currently owned by hedge funds and other institutional investors.

Duos Technologies Group Price Performance

Shares of NASDAQ:DUOT opened at $7.80 on Friday. The company has a market capitalization of $228.72 million, a P/E ratio of 7.88 and a beta of 1.35. Duos Technologies Group has a 1-year low of $6.17 and a 1-year high of $15.28. The firm’s 50 day simple moving average is $9.13 and its two-hundred day simple moving average is $9.43.

Duos Technologies Group Company Profile

Duos Technologies Group, Inc develops technology that combines artificial intelligence, machine learning, computer vision and data analytics to automate the inspection and monitoring of rail and other transportation infrastructure. The company serves commercial and government customers seeking to improve safety, security and operational efficiency through automated systems.

Its core offerings include the Railcar Inspection Portal, an automated, wayside inspection system designed to capture high-resolution images and other data as trains pass through a portal.