Key Points
- Director James Nixon bought 5,764 Duos Technologies Group shares at an average price of $8.55, investing $49,282.20 and increasing his direct holdings by 7.32% to 84,523 shares.
- DUOT opened at $9.18, with a market capitalization of approximately $269.16 million and a 52-week trading range of $6.17 to $15.28.
- Analysts hold a consensus “Moderate Buy” rating with a $25.50 price target, while institutional investors own 42.61% of the company.
Duos Technologies Group, Inc. (NASDAQ:DUOT - Get Free Report) Director James Nixon acquired 5,764 shares of Duos Technologies Group stock in a transaction on Friday, September 18th. The stock was purchased at an average cost of $8.55 per share, with a total value of $49,282.20. Following the completion of the transaction, the director directly owned 84,523 shares in the company, valued at $722,671.65. This represents a 7.32% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Duos Technologies Group Stock Performance
NASDAQ:DUOT opened at $9.18 on Wednesday. Duos Technologies Group, Inc. has a 52 week low of $6.17 and a 52 week high of $15.28. The firm has a 50-day moving average price of $8.94 and a two-hundred day moving average price of $9.32. The firm has a market cap of $269.16 million, a price-to-earnings ratio of 9.27 and a beta of 1.33.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Wall Street Zen upgraded Duos Technologies Group from a "sell" rating to a "hold" rating in a report on Saturday, August 29th. Weiss Ratings downgraded Duos Technologies Group from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday. Zacks Research raised Duos Technologies Group from a "strong sell" rating to a "hold" rating in a research report on Monday, June 15th. Ascendiant Capital Markets lifted their target price on Duos Technologies Group from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, September 14th. Finally, Cantor Fitzgerald boosted their price target on shares of Duos Technologies Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.50.
Read Our Latest Research Report on DUOT
Institutional Trading of Duos Technologies Group
Institutional investors have recently modified their holdings of the business. Alyeska Investment Group L.P. grew its stake in Duos Technologies Group by 4.9% during the second quarter. Alyeska Investment Group L.P. now owns 2,000,000 shares of the company's stock valued at $24,000,000 after acquiring an additional 93,341 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Duos Technologies Group in the second quarter worth $19,892,000. Royal Bank of Canada boosted its stake in 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 period. Regal Partners Ltd bought a new position in Duos Technologies Group in the 1st quarter worth about $3,016,000. Finally, Private Advisor Group LLC raised its holdings in shares of Duos Technologies Group by 152.3% in the 1st quarter. Private Advisor Group LLC now owns 426,181 shares of the company's stock valued at $2,924,000 after acquiring an additional 257,242 shares in the last quarter. 42.61% of the stock is currently owned by hedge funds and other institutional investors.
About Duos Technologies Group
(
Get Free Report)
Duos Technologies Group, Inc is a technology company that develops artificial intelligence, machine learning and machine-vision solutions for railroads, transportation operators and other critical infrastructure customers. The company's systems are designed to automate inspection, monitoring and security processes, helping customers identify potential equipment defects and operational risks.
Its primary offerings include the Railcar Inspection Portal, an automated system that uses high-resolution imaging and software analytics to inspect railcars as they pass through a portal at operating speeds.
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