Telos (NASDAQ:TLS) Price Target Raised to $9.00

Telos (NASDAQ:TLS) had its target price increased by Wedbush from $6.00 to $9.00 in a report released on Monday morning,Benzinga reports. Wedbush currently has an outperform rating on the stock.

Several other research analysts have also recently weighed in on the company. DA Davidson lifted their price target on Telos from $2.25 to $4.00 and gave the company a “neutral” rating in a research report on Tuesday, August 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a research report on Wednesday, October 8th. Wall Street Zen upgraded Telos from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. BMO Capital Markets restated a “market perform” rating and issued a $4.50 price objective (up from $2.25) on shares of Telos in a research report on Tuesday, August 12th. Finally, B. Riley restated a “buy” rating on shares of Telos in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Telos currently has an average rating of “Hold” and an average price target of $5.83.

Telos Stock Down 1.3%

Shares of TLS stock opened at $6.82 on Monday. The stock has a 50 day moving average of $6.61 and a 200 day moving average of $4.07. The company has a current ratio of 2.65, a quick ratio of 2.55 and a debt-to-equity ratio of 0.06. The stock has a market cap of $495.81 million, a P/E ratio of -8.86 and a beta of 1.07. Telos has a twelve month low of $1.83 and a twelve month high of $7.48.

Insider Transactions at Telos

In other news, Director John W. Maluda sold 52,595 shares of Telos stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $6.60, for a total value of $347,127.00. Following the sale, the director directly owned 185,387 shares of the company’s stock, valued at $1,223,554.20. The trade was a 22.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Fredrick Schaufeld sold 255,449 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $6.79, for a total value of $1,734,498.71. Following the transaction, the director directly owned 1,338,698 shares in the company, valued at $9,089,759.42. This trade represents a 16.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 537,544 shares of company stock valued at $3,579,041. Insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Telos

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TLS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Telos by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,181,590 shares of the company’s stock worth $17,097,000 after buying an additional 611,978 shares during the last quarter. Jane Street Group LLC purchased a new stake in Telos in the second quarter valued at $1,801,000. Acuitas Investments LLC purchased a new stake in Telos in the first quarter valued at $1,085,000. Marshall Wace LLP raised its position in Telos by 681.9% in the second quarter. Marshall Wace LLP now owns 348,270 shares of the company’s stock valued at $1,104,000 after purchasing an additional 303,726 shares during the period. Finally, Manatuck Hill Partners LLC purchased a new stake in Telos in the second quarter valued at $792,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

Telos Company Profile

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.