Key Points
- CEO insider buying: Frank Douglas Recker purchased 9,250 Duos Technologies Group shares at an average price of $9.14, investing $84,545 and establishing a direct ownership position.
- Stock performance and ownership: DUOT opened at $8.98, with a $263.32 million market capitalization and a 52-week range of $6.17 to $15.28. Institutional investors and hedge funds own 42.61% of the outstanding shares.
- Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating with a $25.50 target price; Ascendiant Capital and Cantor Fitzgerald recently raised their targets to $24 and $27, respectively.
Duos Technologies Group, Inc. (NASDAQ:DUOT - Get Free Report) CEO Frank Douglas Recker bought 9,250 shares of Duos Technologies Group stock in a transaction dated Tuesday, September 22nd. The stock was acquired at an average cost of $9.14 per share, for a total transaction of $84,545.00. Following the purchase, the chief executive officer directly owned 9,250 shares in the company, valued at approximately $84,545. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Duos Technologies Group Price Performance
DUOT opened at $8.98 on Thursday. The company has a market cap of $263.32 million, a price-to-earnings ratio of 9.07 and a beta of 1.33. The firm has a 50 day simple moving average of $8.95 and a 200 day simple moving average of $9.33. Duos Technologies Group, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $15.28.
Institutional Investors Weigh In On Duos Technologies Group
Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings 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 valued at $1,814,000 after buying an additional 175,415 shares during the period. Squarepoint Ops LLC raised its position in shares of Duos Technologies Group by 502.7% during the second quarter. Squarepoint Ops LLC now owns 134,888 shares of the company's stock worth $1,619,000 after purchasing an additional 112,508 shares during the period. Royal Bank of Canada grew its position in shares of Duos Technologies Group by 37.8% in the 1st quarter. Royal Bank of Canada now owns 1,330,691 shares of the company's stock valued at $9,129,000 after purchasing an additional 365,324 shares during the period. BlackRock Inc. bought a new stake in Duos Technologies Group during the 2nd quarter worth approximately $19,892,000. Finally, Regal Partners Ltd acquired a new stake in Duos Technologies Group during the 1st quarter worth approximately $3,016,000. 42.61% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have commented on the stock. Ascendiant Capital Markets upped their target price on shares of Duos Technologies Group from $22.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, September 14th. Cantor Fitzgerald raised their price target on Duos Technologies Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 18th. Wall Street Zen upgraded Duos Technologies Group from a "sell" rating to a "hold" rating in a report on Saturday, August 29th. Zacks Research raised Duos Technologies Group from a "strong sell" rating to a "hold" rating in a research note on Monday, June 15th. Finally, Weiss Ratings cut Duos Technologies Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, September 18th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $25.50.
View Our Latest Analysis on Duos Technologies Group
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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