Duos Technologies Group (NASDAQ:DUOT) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Duos Technologies Group (NASDAQ:DUOT) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other brokerages also recently weighed in on DUOT. Wall Street Zen downgraded shares of Duos Technologies Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Duos Technologies Group in a research note on Monday, April 20th. Finally, Ascendiant Capital Markets raised their target price on shares of Duos Technologies Group from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.00.

Duos Technologies Group Stock Performance

Shares of NASDAQ DUOT opened at $11.32 on Monday. Duos Technologies Group has a fifty-two week low of $5.78 and a fifty-two week high of $15.28. The company has a 50 day simple moving average of $9.94 and a two-hundred day simple moving average of $9.45. The company has a market capitalization of $331.90 million, a price-to-earnings ratio of -17.15 and a beta of 1.21.

Duos Technologies Group (NASDAQ:DUOT) last announced its earnings results on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.12). Duos Technologies Group had a negative net margin of 45.36% and a negative return on equity of 21.46%. The business had revenue of $2.72 million for the quarter, compared to the consensus estimate of $9.60 million. On average, analysts forecast that Duos Technologies Group will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Duos Technologies Group

A number of institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of Duos Technologies Group by 244.8% during the first quarter. Bank of America Corp DE now owns 29,644 shares of the company’s stock valued at $203,000 after buying an additional 21,046 shares during the last quarter. Royal Bank of Canada grew its holdings 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 last quarter. Regal Partners Ltd purchased a new stake in shares of Duos Technologies Group during the first quarter valued at approximately $3,016,000. Renaissance Technologies LLC grew its holdings 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 last quarter. Finally, Private Advisor Group LLC grew its holdings 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 last quarter. Hedge funds and other institutional investors own 42.61% of the company’s stock.

Duos Technologies Group Company Profile

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.