Wall Street Zen downgraded shares of Duos Technologies Group (NASDAQ:DUOT – Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning.
Several other research analysts have also recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Duos Technologies Group in a report on Friday, July 17th. Ascendiant Capital Markets upped their price target on shares of Duos Technologies Group from $17.00 to $22.00 and gave the company a “buy” rating in a report on Monday, June 15th. Zacks Research raised shares of Duos Technologies Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Finally, Cantor Fitzgerald began coverage on Duos Technologies Group in a research report on Friday, July 31st. They set an “overweight” rating and a $26.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $24.00.
Get Our Latest Report on Duos Technologies Group
Duos Technologies Group Stock Down 3.7%
Duos Technologies Group (NASDAQ:DUOT – Get Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.12). Duos Technologies Group had a negative return on equity of 21.46% and a negative net margin of 45.36%.The business had revenue of $2.72 million for the quarter, compared to analysts’ expectations of $9.60 million. As a group, research analysts expect that Duos Technologies Group will post 0.04 earnings per share for the current year.
Institutional Investors Weigh In On Duos Technologies Group
Several hedge funds have recently modified their holdings of DUOT. Royal Bank of Canada grew 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 period. Private Advisor Group LLC raised its holdings in Duos Technologies Group by 152.3% in the 1st 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 period. Regal Partners Ltd acquired a new position in Duos Technologies Group in the 1st quarter worth about $3,016,000. Potomac Capital Management Inc. purchased a new position in Duos Technologies Group during the fourth quarter worth approximately $3,085,000. Finally, GatePass Capital LLC purchased a new position in Duos Technologies Group during the fourth quarter worth approximately $596,000. 42.61% of the stock is owned by hedge funds and other institutional investors.
About Duos Technologies Group
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.
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