Telos (NASDAQ:TLS) Price Target Raised to $7.00

by · The Markets Daily

Telos (NASDAQ:TLS – Free Report) had its target price increased by Wedbush from $5.00 to $7.00 in a report released on Tuesday,Benzinga reports. Wedbush currently has a neutral rating on the stock.

A number of other brokerages have also issued reports on TLS. Weiss Ratings upgraded shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Wall Street Zen downgraded shares of Telos from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Needham & Company LLC increased their price objective on shares of Telos from $6.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday. Yorkville Ives began coverage on shares of Telos in a report on Monday, October 5th. They set an “outperform” rating and a $6.00 price objective for the company. Finally, Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.60.

Read Our Latest Research Report on Telos

Telos Price Performance

TLS stock opened at $7.72 on Tuesday. The stock’s 50 day moving average is $4.77 and its two-hundred day moving average is $4.56. Telos has a 52-week low of $3.79 and a 52-week high of $7.95. The company has a market capitalization of $567.65 million, a PE ratio of -64.33 and a beta of 0.98. The company has a quick ratio of 2.26, a current ratio of 2.49 and a debt-to-equity ratio of 0.04.

Telos (NASDAQ:TLS – Get Free Report) last released its earnings results on Monday, November 9th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. The company had revenue of $55.20 million during the quarter, compared to analysts’ expectations of $50.11 million. Telos had a positive return on equity of 4.17% and a negative net margin of 4.66%. Analysts predict that Telos will post 0.01 earnings per share for the current fiscal year.

Insider Transactions at Telos

In other Telos news, EVP Hutchinson Robbins sold 62,398 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total transaction of $295,142.54. Following the transaction, the executive vice president owned 589,915 shares of the company’s stock, valued at $2,790,297.95. This trade represents a 9.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John Wood sold 96,151 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $4.05, for a total value of $389,411.55. Following the transaction, the chief executive officer directly owned 1,505,867 shares in the company, valued at approximately $6,098,761.35. This represents a 6.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 570,549 shares of company stock worth $2,464,843. 14.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Telos

Institutional investors and hedge funds have recently made changes to their positions in the company. Focus Advisor Solutions LLC bought a new position in Telos during the third quarter worth $44,000. White Pine Capital LLC acquired a new position in Telos in the third quarter worth $1,001,000. R Squared Ltd increased its stake in Telos by 40.5% during the third quarter. R Squared Ltd now owns 18,716 shares of the company’s stock valued at $76,000 after purchasing an additional 5,396 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Telos during the third quarter valued at $42,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Telos during the third quarter valued at $158,000. 62.14% of the stock is owned by institutional investors and hedge funds.

Telos News Roundup

Investors following TLS have been watching these news items:

Telos Company Profile

(Get Free Report)

Telos Corporation is a cybersecurity and information technology company serving government agencies and commercial organizations. Its offerings include cybersecurity services, secure network and cloud solutions, identity management, and technology consulting. The company’s products include the Xacta platform, which helps organizations manage cybersecurity risk and compliance, and Telos ID, which provides identity verification and authentication services. Telos also supports secure communications and mobility for customers with demanding security requirements.

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