Renaissance Technologies LLC Purchases 175,415 Shares of Duos Technologies Group, Inc. $DUOT

Renaissance Technologies LLC boosted its holdings in Duos Technologies Group, Inc. (NASDAQ:DUOT) by 197.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 264,415 shares of the company’s stock after purchasing an additional 175,415 shares during the quarter. Renaissance Technologies LLC owned about 0.90% of Duos Technologies Group worth $1,814,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DUOT. Royal Bank of Canada raised its holdings in Duos Technologies Group by 18.2% during the fourth quarter. Royal Bank of Canada now owns 965,367 shares of the company’s stock worth $10,860,000 after buying an additional 148,379 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Duos Technologies Group by 80.4% during the third 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 last quarter. Private Advisor Group LLC increased its position in shares of Duos Technologies Group by 152.3% during the first quarter. Private Advisor Group LLC now owns 426,181 shares of the company’s stock worth $2,924,000 after acquiring an additional 257,242 shares in the last quarter. Shay Capital LLC increased its position in shares of Duos Technologies Group by 2,646.1% during the third quarter. Shay Capital LLC now owns 411,910 shares of the company’s stock worth $3,032,000 after acquiring an additional 396,910 shares in the last quarter. Finally, Potomac Capital Management Inc. acquired a new stake in shares of Duos Technologies Group in the 4th quarter worth about $3,085,000. Institutional investors own 42.61% of the company’s stock.

Analysts Set New Price Targets

DUOT has been the topic of several recent research reports. Ascendiant Capital Markets raised their price target on shares of Duos Technologies Group from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Wall Street Zen lowered Duos Technologies Group from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research raised Duos Technologies Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Cantor Fitzgerald assumed coverage on Duos Technologies Group in a report on Friday, July 31st. They issued an “overweight” rating and a $26.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Duos Technologies Group in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $24.00.

Duos Technologies Group Stock Performance

DUOT opened at $8.77 on Wednesday. The firm has a market cap of $257.16 million, a P/E ratio of -13.29 and a beta of 1.29. The firm has a 50-day moving average of $10.17 and a 200 day moving average of $9.30. Duos Technologies Group, Inc. has a fifty-two week low of $5.78 and a fifty-two week high of $15.28.

Duos Technologies Group (NASDAQ:DUOT) last released its earnings results on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.12). Duos Technologies Group had a negative net margin of 45.36% and a negative return on equity of 21.46%. The company had revenue of $2.72 million during the quarter, compared to analysts’ expectations of $9.60 million. Equities research analysts predict that Duos Technologies Group, Inc. will post 0.04 earnings per share for the current fiscal year.

Duos Technologies Group Profile

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.