Insider Buying: Duos Technologies Group (NASDAQ:DUOT) Director Buys 5,764 Shares

Key Points

• Duos Technologies Group director James Craig Nixon bought 5,764 shares at an average price of $8.55, investing $49,282.20 and increasing his direct holdings by 7.32% to 84,523 shares.
• DUOT shares opened at $8.86, with a market capitalization of approximately $259.8 million; the stock has traded between $6.17 and $15.28 over the past year.
• Analysts give Duos Technologies Group a consensus “Moderate Buy” rating with a $25.50 price target, while institutional investors and hedge funds own 42.61% of the company.

Duos Technologies Group, Inc. (NASDAQ:DUOT - Get Free Report) Director James Craig Nixon purchased 5,764 shares of the company's stock in a transaction dated Friday, September 18th. The shares were acquired at an average price of $8.55 per share, for a total transaction 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. The trade was a 7.32% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Duos Technologies Group Price Performance

Shares of DUOT stock opened at $8.86 on Tuesday. The business has a fifty day moving average of $8.93 and a 200 day moving average of $9.30. Duos Technologies Group, Inc. has a 1 year low of $6.17 and a 1 year high of $15.28. The firm has a market capitalization of $259.78 million, a price-to-earnings ratio of 8.95 and a beta of 1.33.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Duos Technologies Group from a "strong sell" rating to a "hold" rating in a report on Monday, June 15th. Cantor Fitzgerald increased their price objective on shares of Duos Technologies Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 18th. Weiss Ratings cut shares of Duos Technologies Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday. Ascendiant Capital Markets upped their price target on shares of Duos Technologies Group from $22.00 to $24.00 and gave the company a "buy" rating in a report on Monday, September 14th. Finally, Wall Street Zen raised Duos Technologies Group from a "sell" rating to a "hold" rating in a report on Saturday, August 29th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Duos Technologies Group has a consensus rating of "Moderate Buy" and a consensus price target of $25.50.

Hedge Funds Weigh In On Duos Technologies Group

A number of large investors have recently bought and sold shares of DUOT. Legal & General Group Plc purchased a new stake in shares of Duos Technologies Group during the second quarter worth about $31,000. C2C Wealth Management LLC acquired a new stake in Duos Technologies Group in the 1st quarter worth about $75,000. Heck Capital Advisors LLC purchased a new stake in Duos Technologies Group during the 2nd quarter worth approximately $164,000. Bank of America Corp DE acquired a new position in shares of Duos Technologies Group during the second quarter valued at approximately $237,000. Finally, Quantbot Technologies LP purchased a new position in shares of Duos Technologies Group in the second quarter valued at approximately $262,000. Institutional investors and hedge funds own 42.61% of the company's stock.

About Duos Technologies Group

Duos Technologies Group, Inc is a technology company that develops artificial intelligence, machine learning and machine-vision solutions for railroads, transportation operators and other critical infrastructure customers. The company's systems are designed to automate inspection, monitoring and security processes, helping customers identify potential equipment defects and operational risks.

Its primary offerings include the Railcar Inspection Portal, an automated system that uses high-resolution imaging and software analytics to inspect railcars as they pass through a portal at operating speeds.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.