Duos Technologies Group (NASDAQ:DUOT) Stock Gets Price Target Reduction from Cantor Fitzgerald

Duos Technologies Group (NASDAQ:DUOT) had its price objective decreased by stock analysts at Cantor Fitzgerald from $27.00 to $24.00 in a report released on Friday, October 16th, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald‘s price objective indicates a potential upside of 357.58% from the stock’s previous close.

DUOT has been the subject of a number of other reports. Wall Street Zen cut Duos Technologies Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 10th. Ascendiant Capital Markets lifted their price target on Duos Technologies Group from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, September 14th. Weiss Ratings downgraded Duos Technologies Group from a “hold (c-)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. Finally, Chardan Capital began coverage on Duos Technologies Group in a research report on Friday, October 9th. They issued a “neutral” rating and a $9.50 price target on the stock. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Duos Technologies Group has a consensus rating of “Hold” and a consensus target price of $19.17.

Duos Technologies Group Stock Performance

Shares of Duos Technologies Group stock opened at $5.25 on Friday. Duos Technologies Group has a one year low of $4.66 and a one year high of $15.28. The company has a market cap of $153.78 million, a price-to-earnings ratio of 5.30 and a beta of 1.53. The business’s 50 day moving average price is $7.52 and its 200 day moving average price is $8.88.

Insider Activity

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

Institutional Investors Weigh In On Duos Technologies Group

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Duos Technologies Group during the 2nd quarter worth about $19,892,000. Regal Partners Ltd acquired a new position in Duos Technologies Group in the first quarter valued at approximately $3,016,000. Royal Bank of Canada lifted its holdings in 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 period. Private Advisor Group LLC lifted its holdings 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 valued at $2,924,000 after buying an additional 257,242 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Duos Technologies Group by 197.1% in the first quarter. Renaissance Technologies LLC now owns 264,415 shares of the company’s stock worth $1,814,000 after purchasing 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. is a technology company that develops intelligent security, inspection and information-management solutions. Its systems combine machine vision, artificial intelligence, advanced analytics and edge-computing capabilities to help customers automate the detection, analysis and reporting of events or equipment conditions. The company is best known for its rail-industry solutions, including the Railcar Inspection Portal. The portal uses cameras, sensors and software to inspect railcars and trains as they pass through a designated inspection area, identifying potential mechanical defects and other anomalies.