Duos Technologies Group (NASDAQ:DUOT) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Duos Technologies Group from “hold” to “sell,” while analysts remain divided: the consensus rating is “Hold” with a $24.00 target price.
• DUOT shares opened at $9.24, with a market capitalization of approximately $270.9 million and a 52-week range of $5.78 to $15.28.
• The company reported a quarterly loss of $0.15 per share and revenue of $2.72 million, missing analyst estimates of a $0.03-per-share loss and $9.60 million in revenue.

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 note issued on Saturday.

A number of other equities research analysts have also recently weighed in on the company. Ascendiant Capital Markets upped their price objective on Duos Technologies Group from $17.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, June 15th. Zacks Research upgraded Duos Technologies Group from a "strong sell" rating to a "hold" rating in a research note on Monday, June 15th. Cantor Fitzgerald started coverage on shares of Duos Technologies Group in a report on Friday, July 31st. They issued an "overweight" rating and a $26.00 target price for the company. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Duos Technologies Group in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $24.00.

Duos Technologies Group Stock Up 6.3%

Shares of DUOT stock opened at $9.24 on Friday. The firm has a market cap of $270.92 million, a price-to-earnings ratio of -14.00 and a beta of 1.29. Duos Technologies Group has a 52-week low of $5.78 and a 52-week high of $15.28. The company's 50 day moving average is $10.38 and its 200 day moving average is $9.34.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last posted its earnings results on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.12). The company had revenue of $2.72 million for the quarter, compared to analysts' expectations of $9.60 million. Duos Technologies Group had a negative return on equity of 21.46% and a negative net margin of 45.36%. Analysts anticipate that Duos Technologies Group will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Duos Technologies Group

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Duos Technologies Group in the 2nd quarter worth $19,892,000. Deutsche Bank AG purchased a new position in Duos Technologies Group during the 2nd quarter worth $315,000. Bank of New York Mellon Corp acquired a new position in Duos Technologies Group during the 2nd quarter valued at about $688,000. Heck Capital Advisors LLC acquired a new position in Duos Technologies Group during the 2nd quarter valued at about $164,000. Finally, Bank of America Corp DE raised its stake in Duos Technologies Group by 244.8% in the first quarter. Bank of America Corp DE now owns 29,644 shares of the company's stock valued at $203,000 after buying an additional 21,046 shares during the last quarter. 42.61% of the stock is owned by institutional investors and hedge funds.

About Duos Technologies Group

Duos Technologies Group, Inc provides advanced non-intrusive security and inspection solutions utilizing motion-based and artificial intelligence technologies. The company's core offerings include intelligent video analytics, RFID checkpoint systems, and specialized screening devices designed to detect security threats and contraband across transportation, logistics and critical infrastructure environments. Duos integrates proprietary hardware with software to deliver automated inspection and monitoring tools that enhance safety and operational efficiency.

Among its primary products are automated gate-entry systems, railcar inspection portals and portable screening devices that use AI-driven image recognition and sensor fusion to identify objects such as unauthorized materials, pipeline anomalies or vehicle defects.

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