Renaissance Technologies LLC Raises Holdings in Duos Technologies Group, Inc. $DUOT

Renaissance Technologies LLC lifted its position in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) by 197.1% in the 1st quarter, Holdings Channel reports. The fund owned 264,415 shares of the company’s stock after buying an additional 175,415 shares during the quarter. Renaissance Technologies LLC’s holdings in Duos Technologies Group were worth $1,814,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new stake in Duos Technologies Group in the 4th quarter valued at about $42,000. C2C Wealth Management LLC bought a new position in Duos Technologies Group during the first quarter worth about $75,000. Squarepoint Ops LLC bought a new position in Duos Technologies Group during the fourth quarter worth about $134,000. Worth Venture Partners LLC purchased a new position in shares of Duos Technologies Group in the third quarter worth about $138,000. Finally, HRT Financial LP purchased a new position in shares of Duos Technologies Group in the fourth quarter worth about $170,000. Hedge funds and other institutional investors own 42.61% of the company’s stock.

Duos Technologies Group Stock Down 1.5%

DUOT stock opened at $8.77 on Wednesday. The stock has a 50-day simple moving average of $10.17 and a two-hundred day simple moving average of $9.30. Duos Technologies Group, Inc. has a twelve month low of $5.78 and a twelve month high of $15.28. The firm has a market capitalization of $257.16 million, a PE ratio of -13.29 and a beta of 1.29.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DUOT shares. Weiss Ratings restated a “sell (d-)” rating on shares of Duos Technologies Group in a research note on Friday, July 17th. Zacks Research upgraded shares of Duos Technologies Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Ascendiant Capital Markets boosted 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. Cantor Fitzgerald assumed coverage on Duos Technologies Group in a research report on Friday, July 31st. They set an “overweight” rating and a $26.00 target price on the stock. Finally, Wall Street Zen downgraded Duos Technologies Group from a “hold” rating to a “sell” rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.00.

Duos Technologies Group Company 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.