Duos Technologies Group (NASDAQ:DUOT) Stock Picked Up by Analysts at Chardan Capital

Analysts at Chardan Capital started coverage on shares of Duos Technologies Group (NASDAQ:DUOT) in a research report issued to clients and investors on Friday, Briefing.com reports. The brokerage set a “neutral” rating and a $9.50 price target on the stock. Chardan Capital’s price objective indicates a potential upside of 21.79% from the stock’s previous close.

Several other analysts also recently issued reports on DUOT. Zacks Research raised Duos Technologies Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Cantor Fitzgerald upped their price objective on Duos Technologies Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. Wall Street Zen raised Duos Technologies Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings cut Duos Technologies Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. Finally, Ascendiant Capital Markets boosted their price target on shares of Duos Technologies Group from $22.00 to $24.00 and gave the company a “buy” rating in a report on Monday, September 14th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Duos Technologies Group currently has an average rating of “Hold” and an average price target of $20.17.

Duos Technologies Group Stock Down 8.9%

Shares of DUOT stock opened at $7.80 on Friday. The company has a market cap of $228.72 million, a P/E ratio of 7.88 and a beta of 1.35. The business has a 50 day moving average of $9.13 and a two-hundred day moving average of $9.43. Duos Technologies Group has a 52 week low of $6.17 and a 52 week high of $15.28.

Insider Activity at Duos Technologies Group

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Duos Technologies Group in the 2nd quarter valued at about $19,892,000. Regal Partners Ltd acquired a new position in Duos Technologies Group during the 1st quarter valued at about $3,016,000. Royal Bank of Canada raised its position in shares of Duos Technologies Group by 37.8% during the 1st quarter. Royal Bank of Canada now owns 1,330,691 shares of the company’s stock worth $9,129,000 after buying an additional 365,324 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Duos Technologies Group by 152.3% during the 1st quarter. Private Advisor Group LLC now owns 426,181 shares of the company’s stock worth $2,924,000 after buying an additional 257,242 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Duos Technologies Group by 197.1% in the 1st quarter. Renaissance Technologies LLC now owns 264,415 shares of the company’s stock worth $1,814,000 after acquiring an additional 175,415 shares during the period. Institutional investors own 42.61% of the company’s stock.

About Duos Technologies Group

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.