BlackRock Inc. bought a new stake in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,657,657 shares of the company's stock, valued at approximately $19,892,000. BlackRock Inc. owned 5.65% of Duos Technologies Group at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in DUOT. Geode Capital Management LLC grew its position in Duos Technologies Group by 38.9% during the 2nd quarter. Geode Capital Management LLC now owns 95,682 shares of the company's stock worth $684,000 after purchasing an additional 26,821 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Duos Technologies Group by 80.4% in the 3rd quarter. Vanguard Group Inc. now owns 639,797 shares of the company's stock valued at $4,709,000 after buying an additional 285,235 shares during the period. Private Advisor Group LLC boosted its stake in shares of Duos Technologies Group by 1,339.2% in the third quarter. Private Advisor Group LLC now owns 207,249 shares of the company's stock worth $1,525,000 after buying an additional 192,849 shares during the last quarter. UBS Group AG boosted its stake in shares of Duos Technologies Group by 800.3% in the third quarter. UBS Group AG now owns 95,902 shares of the company's stock worth $706,000 after buying an additional 85,250 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Duos Technologies Group during the third quarter worth about $277,000. 42.61% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
DUOT has been the subject of several recent research reports. Cantor Fitzgerald lifted their price target on Duos Technologies Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research report on Tuesday, August 18th. Wall Street Zen raised shares of Duos Technologies Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 29th. Ascendiant Capital Markets lifted their target price on shares of Duos Technologies Group from $17.00 to $22.00 and gave the company a "buy" rating in a report on Monday, June 15th. Weiss Ratings upgraded shares of Duos Technologies Group from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Friday, August 21st. Finally, Zacks Research raised shares of Duos Technologies Group from a "strong sell" rating to a "hold" rating in a report on Monday, June 15th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.50.
Read Our Latest Stock Report on DUOT
Duos Technologies Group Price Performance
Shares of NASDAQ DUOT opened at $8.61 on Thursday. The company's 50-day simple moving average is $9.41 and its 200-day simple moving average is $9.30. Duos Technologies Group, Inc. has a 52-week low of $6.02 and a 52-week high of $15.28. The firm has a market cap of $252.45 million, a price-to-earnings ratio of 8.70 and a beta of 1.33.
Duos Technologies Group Profile
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Free Report)
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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