Duos Technologies Group (NASDAQ:DUOT) Price Target Raised to $24.00
by Danessa Lincoln · The Markets DailyDuos Technologies Group (NASDAQ:DUOT – Free Report) had its price objective raised by Ascendiant Capital Markets from $22.00 to $24.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.
Several other research firms also recently issued reports on DUOT. Weiss Ratings upgraded Duos Technologies Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Cantor Fitzgerald increased their price objective on Duos Technologies Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Wall Street Zen raised Duos Technologies Group from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Finally, Zacks Research raised shares of Duos Technologies Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.50.
Check Out Our Latest Research Report on Duos Technologies Group
Duos Technologies Group Stock Up 2.2%
Duos Technologies Group stock opened at $8.30 on Monday. The stock has a market cap of $243.36 million, a P/E ratio of 8.38 and a beta of 1.33. Duos Technologies Group has a twelve month low of $6.17 and a twelve month high of $15.28. The company’s 50-day moving average price is $8.97 and its two-hundred day moving average price is $9.28.
Institutional Investors Weigh In On Duos Technologies Group
A number of large investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Duos Technologies Group during the 2nd quarter valued at approximately $19,892,000. Regal Partners Ltd bought a new position in Duos Technologies Group in the 1st quarter valued at approximately $3,016,000. Royal Bank of Canada lifted its stake in Duos Technologies Group by 37.8% in the 1st quarter. Royal Bank of Canada now owns 1,330,691 shares of the company’s stock valued at $9,129,000 after purchasing an additional 365,324 shares during the last quarter. Potomac Capital Management Inc. acquired a new stake in Duos Technologies Group in the fourth quarter valued at approximately $3,085,000. Finally, Private Advisor Group LLC boosted its position in Duos Technologies Group by 152.3% in the first quarter. Private Advisor Group LLC now owns 426,181 shares of the company’s stock valued at $2,924,000 after buying an additional 257,242 shares in the last quarter. 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.