Duos Technologies Group (NASDAQ:DUOT) Upgraded to "Hold" at Wall Street Zen

Key Points

• Duos Technologies Group's stock rating has been upgraded from a "sell" to a "hold" by analysts at Wall Street Zen.
• Ascendiant Capital Markets raised the price target for Duos Technologies from $9.00 to $11.00 while assigning a "buy" rating, with the consensus target price now at $12.50.
• The company reported a quarterly loss of ($0.30) EPS, missing the expected ($0.22) EPS, but generated revenue of $5.74 million, exceeding estimates.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Separately, Ascendiant Capital Markets upped their target price on shares of Duos Technologies Group from $9.00 to $11.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Duos Technologies Group currently has an average rating of "Buy" and an average price target of $12.50.

Duos Technologies Group Stock Performance

NASDAQ:DUOT traded up $0.27 during mid-day trading on Friday, hitting $6.44. 463,619 shares of the company traded hands, compared to its average volume of 385,346. The company has a quick ratio of 0.33, a current ratio of 0.37 and a debt-to-equity ratio of 0.33. The stock's fifty day moving average price is $7.01 and its 200-day moving average price is $6.71. The firm has a market cap of $125.00 million, a price-to-earnings ratio of -6.02 and a beta of 1.10. Duos Technologies Group has a one year low of $2.25 and a one year high of $9.27.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.08). The company had revenue of $5.74 million during the quarter, compared to the consensus estimate of $4.94 million. Duos Technologies Group had a negative return on equity of 297.45% and a negative net margin of 67.62%. Duos Technologies Group has set its FY 2025 guidance at EPS. Research analysts anticipate that Duos Technologies Group will post -1.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duos Technologies Group

Several institutional investors have recently bought and sold shares of DUOT. Geode Capital Management LLC grew its stake in shares of Duos Technologies Group by 38.9% in the 2nd quarter. Geode Capital Management LLC now owns 95,682 shares of the company's stock worth $684,000 after buying an additional 26,821 shares in the last quarter. Huntleigh Advisors Inc. lifted its holdings in shares of Duos Technologies Group by 3.9% in the 2nd quarter. Huntleigh Advisors Inc. now owns 136,181 shares of the company's stock valued at $974,000 after acquiring an additional 5,126 shares during the last quarter. Informed Momentum Co LLC purchased a new position in Duos Technologies Group in the first quarter worth about $528,000. XTX Topco Ltd purchased a new position in Duos Technologies Group in the first quarter worth about $82,000. Finally, AMH Equity Ltd bought a new stake in Duos Technologies Group during the first quarter worth approximately $282,000. Institutional investors own 42.61% of the company's stock.

Duos Technologies Group Company Profile

Duos Technologies Group, Inc designs, develops, deploys, and operates intelligent technology solutions in North America. The company provides solutions, such as Centraco, an enterprise information management software platform that consolidates data and events from multiple sources into a unified and distributive user interface; and truevue360, an integrated platform to develop and deploy artificial intelligence algorithms, including machine learning, computer vision, object detection, and deep neural network-based processing for real-time applications.