Duos Technologies Group (NASDAQ:DUOT) Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Duos Technologies Group (NASDAQ:DUOT) from “hold” to “sell.” Despite mixed analyst opinions, the stock has a consensus “hold” rating and an average price target of $20.17.
• DUOT opened at $7.20, near its one-year low of $6.17, with a market capitalization of approximately $211 million. Its 50-day and 200-day moving averages were $9.10 and $9.41, respectively.
• Company insiders recently bought shares, including CEO Frank Recker’s $84,545 purchase and Director James Nixon’s $49,282 purchase. Institutional investors and hedge funds own 42.61% of the stock.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research analysts have also issued reports on DUOT. Chardan Capital assumed coverage on Duos Technologies Group in a research report on Friday. They set a "neutral" rating and a $9.50 price target for the company. Weiss Ratings lowered Duos Technologies Group from a "hold (c-)" rating to a "sell (d-)" rating in a report on Thursday. Zacks Research upgraded shares of Duos Technologies Group from a "strong sell" rating to a "hold" rating in a research note on Monday, June 15th. Cantor Fitzgerald upped their price objective 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. Finally, Ascendiant Capital Markets increased 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. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Duos Technologies Group currently has a consensus rating of "Hold" and an average price target of $20.17.

Duos Technologies Group Stock Performance

Duos Technologies Group stock opened at $7.20 on Friday. Duos Technologies Group has a one year low of $6.17 and a one year high of $15.28. The company has a 50-day simple moving average of $9.10 and a 200-day simple moving average of $9.41. The firm has a market capitalization of $211.10 million, a P/E ratio of 7.27 and a beta of 1.35.

Insiders Place Their Bets

In other news, CEO Frank Recker acquired 9,250 shares of the business's stock in a transaction dated Tuesday, September 22nd. The stock was acquired at an average price of $9.14 per share, for a total transaction of $84,545.00. Following the completion of the acquisition, the chief executive officer directly owned 9,250 shares in the company, valued at $84,545. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director James Nixon bought 5,764 shares of the firm's stock in a transaction that occurred on Friday, September 18th. The shares were purchased at an average cost of $8.55 per share, with a total value of $49,282.20. Following the purchase, the director directly owned 84,523 shares of the company's stock, valued at approximately $722,671.65. This represents a 7.32% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 3.49% of the company's stock.

Institutional Investors Weigh In On Duos Technologies Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Alyeska Investment Group L.P. lifted 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 purchasing an additional 93,341 shares during the last quarter. BlackRock Inc. acquired a new position in Duos Technologies Group in the second quarter worth approximately $19,892,000. Royal Bank of Canada grew its position in Duos Technologies Group by 37.8% in the first 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 during the last quarter. Regal Partners Ltd acquired a new position in Duos Technologies Group in the first quarter worth approximately $3,016,000. Finally, Private Advisor Group LLC increased its holdings in shares of Duos Technologies Group by 152.3% in the first 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 in the last quarter. 42.61% of the stock is owned by institutional investors and hedge funds.

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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