Cantor Fitzgerald Has Lowered Expectations for Duos Technologies Group (NASDAQ:DUOT) Stock Price

Key Points

• Cantor Fitzgerald lowered Duos Technologies Group’s price target from $27 to $24 while maintaining an “overweight” rating, implying substantial upside from the stock’s $5.76 close.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and an average price target of $19.17, with ratings ranging from Buy to Sell.
• Duos shares rose 2.9% but remain near their 52-week low; company insiders recently purchased shares, while institutional investors own 42.61% of the stock.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) had its price target dropped by investment analysts at Cantor Fitzgerald from $27.00 to $24.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Cantor Fitzgerald's target price would indicate a potential upside of 316.67% from the company's previous close.

Several other equities analysts have also recently weighed in on DUOT. Ascendiant Capital Markets raised their price target on Duos Technologies Group from $22.00 to $24.00 and gave the company a "buy" rating in a report on Monday, September 14th. Weiss Ratings cut Duos Technologies Group from a "hold (c-)" rating to a "sell (d-)" rating in a report on Thursday, October 8th. Chardan Capital began coverage on Duos Technologies Group in a research report on Friday, October 9th. They set a "neutral" rating and a $9.50 target price for the company. Finally, Wall Street Zen downgraded Duos Technologies Group from a "hold" rating to a "sell" rating in a research report on Saturday, October 10th. Two 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. According to data from MarketBeat.com, Duos Technologies Group presently has a consensus rating of "Hold" and a consensus price target of $19.17.

Duos Technologies Group Stock Up 2.9%

DUOT opened at $5.76 on Friday. The firm has a 50-day simple moving average of $8.88 and a two-hundred day simple moving average of $9.40. Duos Technologies Group has a 52 week low of $5.18 and a 52 week high of $15.28. The company has a market capitalization of $168.88 million, a PE ratio of 5.82 and a beta of 1.35.

Insider Transactions at Duos Technologies Group

In other Duos Technologies Group news, Director James Nixon purchased 5,764 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was purchased at an average price of $8.55 per share, with a total value of $49,282.20. Following the acquisition, the director owned 84,523 shares in the company, valued at approximately $722,671.65. The trade was a 7.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frank Recker purchased 9,250 shares of the stock in a transaction that occurred 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 acquisition, the chief executive officer owned 9,250 shares in the company, valued at $84,545. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 3.49% of the company's stock.

Institutional Investors Weigh In On Duos Technologies Group

Several large investors have recently added to or reduced their stakes in DUOT. Alyeska Investment Group L.P. lifted its stake in shares of Duos Technologies Group by 4.9% in the 2nd quarter. Alyeska Investment Group L.P. now owns 2,000,000 shares of the company's stock valued at $24,000,000 after purchasing an additional 93,341 shares during the last quarter. BlackRock Inc. bought a new position in shares of Duos Technologies Group during the 2nd quarter valued at approximately $19,892,000. Royal Bank of Canada increased 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 valued at $9,129,000 after purchasing an additional 365,324 shares during the last quarter. Regal Partners Ltd bought a new position in shares of Duos Technologies Group during the 1st quarter valued at approximately $3,016,000. Finally, Private Advisor Group LLC raised its holdings in Duos Technologies Group by 152.3% during the 1st quarter. Private Advisor Group LLC now owns 426,181 shares of the company's stock valued at $2,924,000 after buying an additional 257,242 shares during the period. 42.61% of the stock is owned by institutional investors.

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.

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