Potomac Capital Management Inc. Buys Shares of 274,235 Duos Technologies Group, Inc. $DUOT

Potomac Capital Management Inc. bought a new stake in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) in the 4th quarter, Holdings Channel reports. The institutional investor bought 274,235 shares of the company’s stock, valued at approximately $3,085,000. Duos Technologies Group comprises about 2.5% of Potomac Capital Management Inc.’s investment portfolio, making the stock its 13th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in DUOT. Geode Capital Management LLC raised its position in shares of Duos Technologies Group by 38.9% during the 2nd quarter. Geode Capital Management LLC now owns 95,682 shares of the company’s stock valued at $684,000 after acquiring an additional 26,821 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Duos Technologies Group by 80.4% during the 3rd quarter. Vanguard Group Inc. now owns 639,797 shares of the company’s stock valued at $4,709,000 after acquiring an additional 285,235 shares during the last quarter. Evernest Financial Advisors LLC bought a new stake in shares of Duos Technologies Group during the 3rd quarter valued at $657,000. Private Advisor Group LLC increased its position in shares of Duos Technologies Group by 1,339.2% in the 3rd quarter. Private Advisor Group LLC now owns 207,249 shares of the company’s stock valued at $1,525,000 after buying an additional 192,849 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Duos Technologies Group by 800.3% in the 3rd quarter. UBS Group AG now owns 95,902 shares of the company’s stock valued at $706,000 after buying an additional 85,250 shares in the last quarter. Institutional investors own 42.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Ascendiant Capital Markets upped their price objective on shares of Duos Technologies Group from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Wall Street Zen cut shares of Duos Technologies Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Duos Technologies Group in a research report on Monday, April 20th. Finally, Zacks Research cut shares of Duos Technologies Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Duos Technologies Group currently has an average rating of “Reduce” and an average target price of $17.00.

Duos Technologies Group Stock Down 7.2%

DUOT opened at $11.35 on Wednesday. Duos Technologies Group, Inc. has a 12 month low of $5.78 and a 12 month high of $15.28. The company has a fifty day simple moving average of $9.44 and a 200 day simple moving average of $9.36. The stock has a market cap of $332.78 million, a P/E ratio of -17.20 and a beta of 1.21.

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

Duos Technologies Group 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.