Telos (NASDAQ:TLS) Price Target Raised to $7.50 at DA Davidson

Telos (NASDAQ:TLS) had its price target upped by DA Davidson from $4.00 to $7.50 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a research note on Wednesday, October 8th. Wall Street Zen raised Telos from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Wedbush boosted their target price on Telos from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday. BMO Capital Markets reaffirmed a “market perform” rating and set a $4.50 price target (up previously from $2.25) on shares of Telos in a research report on Tuesday, August 12th. Finally, B. Riley reiterated a “buy” rating and set a $9.00 price target (up previously from $8.50) on shares of Telos in a research note on Tuesday. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.75.

Telos Price Performance

TLS opened at $6.54 on Tuesday. Telos has a fifty-two week low of $1.83 and a fifty-two week high of $8.36. The firm has a 50-day moving average of $6.88 and a 200 day moving average of $4.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.55 and a current ratio of 2.65. The firm has a market cap of $475.46 million, a P/E ratio of -15.95 and a beta of 1.07.

Insider Transactions at Telos

In related news, Director Bradley W. Jacobs sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $6.26, for a total transaction of $156,500.00. Following the sale, the director owned 188,293 shares of the company’s stock, valued at approximately $1,178,714.18. This represents a 11.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Derrick D. Dockery sold 4,500 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $6.87, for a total transaction of $30,915.00. Following the completion of the transaction, the director directly owned 182,600 shares of the company’s stock, valued at approximately $1,254,462. The trade was a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders 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 and hedge funds have recently made changes to their positions in TLS. OLD Mission Capital LLC bought a new stake in Telos during the first quarter valued at $30,000. AQR Capital Management LLC bought a new stake in shares of Telos during the 1st quarter valued at about $39,000. Penserra Capital Management LLC purchased a new position in shares of Telos during the third quarter worth about $42,000. NewEdge Advisors LLC increased its position in shares of Telos by 28.7% in the first quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock worth $43,000 after purchasing an additional 4,000 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Telos in the second quarter worth approximately $53,000. Hedge funds and other institutional investors own 62.14% of the company’s stock.

About Telos

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.