Duos Technologies Group, Inc. $DUOT Position Boosted by Royal Bank of Canada

Royal Bank of Canada lifted its holdings in Duos Technologies Group, Inc. (NASDAQ:DUOT) by 37.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,330,691 shares of the company’s stock after purchasing an additional 365,324 shares during the period. Royal Bank of Canada owned about 4.50% of Duos Technologies Group worth $9,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DUOT. Geode Capital Management LLC boosted its holdings in Duos Technologies Group by 38.9% during the second quarter. Geode Capital Management LLC now owns 95,682 shares of the company’s stock worth $684,000 after buying an additional 26,821 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Duos Technologies Group by 80.4% in the third quarter. Vanguard Group Inc. now owns 639,797 shares of the company’s stock valued at $4,709,000 after buying an additional 285,235 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Duos Technologies Group by 1,339.2% during the 3rd quarter. Private Advisor Group LLC now owns 207,249 shares of the company’s stock valued at $1,525,000 after acquiring an additional 192,849 shares during the last quarter. UBS Group AG boosted its stake in shares of Duos Technologies Group by 800.3% during the 3rd quarter. UBS Group AG now owns 95,902 shares of the company’s stock worth $706,000 after acquiring an additional 85,250 shares in the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Duos Technologies Group during the 3rd quarter worth $277,000. 42.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DUOT. Ascendiant Capital Markets boosted their target price on Duos Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Wall Street Zen cut Duos Technologies Group from a “hold” rating to a “sell” rating in a research note on Saturday. Cantor Fitzgerald began coverage on Duos Technologies Group in a report on Friday, July 31st. They set an “overweight” rating and a $26.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Duos Technologies Group in a research note on Friday, July 17th. Finally, Zacks Research upgraded shares of Duos Technologies Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Duos Technologies Group has an average rating of “Hold” and a consensus price target of $24.00.

Duos Technologies Group Price Performance

Shares of Duos Technologies Group stock opened at $9.24 on Monday. The firm has a market cap of $270.92 million, a price-to-earnings ratio of -14.00 and a beta of 1.29. The stock has a 50-day simple moving average of $10.38 and a 200-day simple moving average of $9.32. Duos Technologies Group, Inc. has a 52-week low of $5.78 and a 52-week high of $15.28.

Duos Technologies Group (NASDAQ:DUOT) last released 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 firm had revenue of $2.72 million during 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%. As a group, equities research analysts predict that Duos Technologies Group, Inc. will post 0.04 earnings per share for the current 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.