Informed Momentum Co LLC Makes New Investment in Duos Technologies Group, Inc. (NASDAQ:DUOT)

Key Points

• Informed Momentum Co LLC acquired a position in Duos Technologies Group, purchasing 93,698 shares valued at approximately $528,000.
• Duos Technologies Group reported a revenue of $4.95 million for the quarter, exceeding analyst estimates of $4.60 million.
• Wall Street analysts have raised the price target for Duos Technologies Group from $9.00 to $11.00, maintaining a "buy" rating.

Informed Momentum Co LLC bought a new stake in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 93,698 shares of the company's stock, valued at approximately $528,000. Informed Momentum Co LLC owned 0.80% of Duos Technologies Group at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DUOT. Huntleigh Advisors Inc. purchased a new stake in shares of Duos Technologies Group in the first quarter valued at approximately $739,000. Geode Capital Management LLC grew its holdings in shares of Duos Technologies Group by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 70,871 shares of the company's stock valued at $424,000 after buying an additional 4,200 shares during the last quarter. AMH Equity Ltd purchased a new stake in shares of Duos Technologies Group during the first quarter valued at $282,000. Northern Trust Corp grew its holdings in shares of Duos Technologies Group by 80.3% during the fourth quarter. Northern Trust Corp now owns 38,786 shares of the company's stock valued at $232,000 after buying an additional 17,270 shares during the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of Duos Technologies Group during the fourth quarter valued at $107,000. Hedge funds and other institutional investors own 42.61% of the company's stock.

Duos Technologies Group Price Performance

Shares of NASDAQ:DUOT traded up $0.06 during trading on Friday, reaching $6.25. 400,102 shares of the company's stock traded hands, compared to its average volume of 322,944. Duos Technologies Group, Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $9.27. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.32. The firm has a market cap of $79.69 million, a PE ratio of -5.84 and a beta of 1.00. The company has a 50-day simple moving average of $7.38 and a 200-day simple moving average of $6.78.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.08). The company had revenue of $5.74 million during the quarter, compared to analysts' expectations of $4.94 million. Duos Technologies Group had a negative net margin of 67.62% and a negative return on equity of 329.47%. As a group, analysts predict that Duos Technologies Group, Inc. will post -1.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on DUOT. Wall Street Zen lowered shares of Duos Technologies Group from a "hold" rating to a "sell" rating in a report on Saturday. Ascendiant Capital Markets upped their price target on shares of Duos Technologies Group from $9.00 to $11.00 and gave the company a "buy" rating in a report on Monday, June 16th.

Duos Technologies Group 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.