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

Duos Technologies Group (NASDAQ:DUOT) had its price objective trimmed by Cantor Fitzgerald from $27.00 to $24.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

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

Duos Technologies Group Stock Performance

Shares of DUOT opened at $5.40 on Friday. Duos Technologies Group has a 12-month low of $5.18 and a 12-month high of $15.28. The company has a market cap of $158.33 million, a PE ratio of 5.45 and a beta of 1.35. The stock has a 50-day moving average price of $8.80 and a 200-day moving average price of $9.39.

Insiders Place Their Bets

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

Institutional Trading of Duos Technologies Group

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Duos Technologies Group in the second quarter valued at approximately $19,892,000. Regal Partners Ltd purchased a new stake in shares of Duos Technologies Group during the first quarter valued at approximately $3,016,000. Royal Bank of Canada grew its holdings in shares of 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 worth $9,129,000 after purchasing an additional 365,324 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Duos Technologies Group by 152.3% in the first 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 last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of 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 last quarter. 42.61% of the stock is currently owned by hedge funds and other institutional investors.

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.