Telos Corporation (NASDAQ:TLS) Given Consensus Rating of “Hold” by Analysts

Telos Corporation (NASDAQ:TLS) has been assigned a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.8333.

TLS has been the topic of a number of recent research reports. Wedbush upped their price objective on shares of Telos from $6.00 to $9.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Telos from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. BMO Capital Markets reiterated a “market perform” rating and set a $4.50 price target (up previously from $2.25) on shares of Telos in a report on Tuesday, August 12th. Finally, DA Davidson increased their price target on shares of Telos from $2.25 to $4.00 and gave the company a “neutral” rating in a report on Tuesday, August 12th.

Telos Price Performance

Shares of TLS opened at $6.83 on Tuesday. The stock has a market cap of $496.54 million, a PE ratio of -8.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.55 and a current ratio of 2.65. Telos has a fifty-two week low of $1.83 and a fifty-two week high of $7.72. The firm’s 50-day simple moving average is $6.81 and its two-hundred day simple moving average is $4.38.

Insider Activity

In other news, Director John W. Maluda sold 52,595 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $6.60, for a total transaction of $347,127.00. Following the sale, the director owned 185,387 shares in the company, valued at $1,223,554.20. This represents a 22.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John B. Wood sold 200,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $6.55, for a total transaction of $1,310,000.00. Following the sale, the chief executive officer owned 4,984,365 shares in the company, valued at approximately $32,647,590.75. The trade was a 3.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 537,544 shares of company stock valued at $3,579,041. Company insiders own 14.90% of the company’s stock.

Institutional Investors Weigh In On Telos

A number of institutional investors have recently made changes to their positions in the company. Acuitas Investments LLC grew its holdings in shares of Telos by 48.0% during the third quarter. Acuitas Investments LLC now owns 771,813 shares of the company’s stock valued at $5,279,000 after buying an additional 250,400 shares during the last quarter. New York State Common Retirement Fund lifted its position in Telos by 683.3% during the third quarter. New York State Common Retirement Fund now owns 9,400 shares of the company’s stock valued at $64,000 after purchasing an additional 8,200 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Telos by 49.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,451 shares of the company’s stock valued at $133,000 after purchasing an additional 6,397 shares during the period. Strs Ohio bought a new position in Telos during the third quarter valued at approximately $97,000. Finally, Hemington Wealth Management lifted its position in Telos by 200.1% during the third quarter. Hemington Wealth Management now owns 45,016 shares of the company’s stock valued at $307,000 after purchasing an additional 30,016 shares during the period. Hedge funds and other institutional investors 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.