Wall Street Zen cut shares of Duos Technologies Group (NASDAQ:DUOT – Free Report) from a hold rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.
Other analysts also recently issued research reports about the stock. Ascendiant Capital Markets lifted their target price on shares of Duos Technologies Group from $22.00 to $24.00 and gave the company a “buy” rating in a report on Monday, September 14th. Zacks Research raised shares of Duos Technologies Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Chardan Capital began coverage on shares of Duos Technologies Group in a report on Friday. They set a “neutral” rating and a $9.50 price target for the company. Cantor Fitzgerald raised their price objective on shares of Duos Technologies Group from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Finally, Weiss Ratings lowered Duos Technologies Group from a “hold (c-)” rating to a “sell (d-)” rating in a report on Thursday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.17.
Get Our Latest Research Report on DUOT
Duos Technologies Group Stock Performance
Insider Activity at Duos Technologies Group
In related news, Director James Nixon bought 5,764 shares of Duos Technologies Group stock in a transaction that occurred on Friday, September 18th. The shares were purchased at an average price of $8.55 per share, with a total value of $49,282.20. Following the purchase, the director owned 84,523 shares in the company, valued at $722,671.65. This represents a 7.32% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frank Recker bought 9,250 shares of the stock in a transaction on Tuesday, September 22nd. The shares were bought at an average price of $9.14 per share, for a total transaction of $84,545.00. Following the acquisition, the chief executive officer owned 9,250 shares in the company, valued at $84,545. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 3.49% of the company’s stock.
Institutional Trading of Duos Technologies Group
A number of large investors have recently made changes to their positions in DUOT. BlackRock Inc. purchased a new stake in shares of Duos Technologies Group during the second quarter worth about $19,892,000. Regal Partners Ltd acquired a new position in shares of Duos Technologies Group in the first quarter valued at approximately $3,016,000. Royal Bank of Canada lifted its stake in shares of Duos Technologies Group by 37.8% during 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 period. Private Advisor Group LLC lifted its stake in shares of 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 buying an additional 257,242 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Duos Technologies Group by 197.1% during the first quarter. Renaissance Technologies LLC now owns 264,415 shares of the company’s stock valued at $1,814,000 after buying an additional 175,415 shares during the period. Institutional investors and hedge funds own 42.61% of the company’s stock.
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.
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