Duos Technologies Group, Inc. (NASDAQ:DUOT) Stock Has Average Price Target of $20.17

Shares of Duos Technologies Group, Inc. (NASDAQ:DUOT – Get Free Report) have been given an average rating of “Hold” by the five brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $20.17.

DUOT has been the subject of several recent analyst reports. Wall Street Zen upgraded Duos Technologies Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Ascendiant Capital Markets lifted their price objective on Duos Technologies Group from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, September 14th. 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 research report on Tuesday, August 18th. Chardan Capital assumed coverage on shares of Duos Technologies Group in a report on Friday. They set a “neutral” rating and a $9.50 price target on the stock. Finally, Zacks Research upgraded shares of Duos Technologies Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th.

Get Our Latest Research Report on Duos Technologies Group

Duos Technologies Group Stock Down 8.9%

NASDAQ:DUOT opened at $7.80 on Friday. The stock has a market cap of $228.72 million, a price-to-earnings ratio of 7.88 and a beta of 1.35. The company’s 50 day moving average price is $9.13 and its 200-day moving average price is $9.43. Duos Technologies Group has a 52 week low of $6.17 and a 52 week high of $15.28.

Insider Activity at Duos Technologies Group

In other news, Director James Nixon bought 5,764 shares of the stock in a transaction on Friday, September 18th. The shares were 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 $722,671.65. The trade was a 7.32% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frank Recker bought 9,250 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was purchased at an average cost of $9.14 per share, for a total transaction of $84,545.00. Following the completion of the transaction, the chief executive officer directly owned 9,250 shares of the company’s stock, valued at approximately $84,545. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.49% of the company’s stock.

Hedge Funds Weigh In On Duos Technologies Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alyeska Investment Group L.P. raised its position in 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 worth $24,000,000 after acquiring an additional 93,341 shares during the period. BlackRock Inc. bought a new stake in shares of Duos Technologies Group during the 2nd quarter valued at $19,892,000. Royal Bank of Canada increased its stake in shares of Duos Technologies Group by 37.8% in the 1st quarter. Royal Bank of Canada now owns 1,330,691 shares of the company’s stock worth $9,129,000 after purchasing an additional 365,324 shares in the last quarter. Regal Partners Ltd bought a new position in Duos Technologies Group in the 1st quarter worth $3,016,000. Finally, Private Advisor Group LLC grew its holdings in Duos Technologies Group by 152.3% during the first quarter. Private Advisor Group LLC now owns 426,181 shares of the company’s stock valued at $2,924,000 after purchasing an additional 257,242 shares during the period. Hedge funds and other institutional investors own 42.61% of the company’s stock.

Duos Technologies Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Duos Technologies Group (NASDAQ:DUOT)

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