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

Telos (NASDAQ:TLS) had its price objective upped by Needham & Company LLC from $6.00 to $9.00 in a report issued on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other analysts have also commented on the stock. Weiss Ratings upgraded shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 26th. Wedbush downgraded Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price objective for the company. in a research report on Thursday, September 10th. Yorkville Ives assumed coverage on Telos in a research note on Monday, October 5th. They issued an “outperform” rating and a $6.00 target price on the stock. Zacks Research raised Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen cut Telos from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.60.

Telos Price Performance

Telos stock opened at $7.72 on Tuesday. The firm has a market capitalization of $567.65 million, a PE ratio of -64.33 and a beta of 0.98. Telos has a 52 week low of $3.79 and a 52 week high of $7.95. The firm’s 50-day simple moving average is $4.77 and its 200 day simple moving average is $4.56. 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) last posted its earnings results on Monday, November 9th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.05. Telos had a negative net margin of 4.66% and a positive return on equity of 4.17%. The firm had revenue of $55.20 million during the quarter, compared to the consensus estimate of $50.11 million. On average, equities research analysts predict that Telos will post 0.01 EPS for the current fiscal year.

Insider Activity

In other Telos news, EVP Hutchinson Robbins sold 62,398 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $4.73, for a total value of $295,142.54. Following the transaction, the executive vice president directly owned 589,915 shares in the company, valued at approximately $2,790,297.95. This represents a 9.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gary Bendza sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $4.55, for a total transaction of $910,000.00. Following the sale, the executive vice president directly owned 537,008 shares in the company, valued at $2,443,386.40. This represents a 27.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 570,549 shares of company stock worth $2,464,843. Company insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Telos

Institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in Telos in the 2nd quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC acquired a new position in Telos in the 3rd quarter valued at $42,000. Focus Advisor Solutions LLC acquired a new position in Telos in the 3rd quarter valued at $44,000. SG Americas Securities LLC acquired a new position in Telos in the 1st quarter valued at $53,000. Finally, R Squared Ltd lifted its stake in shares of Telos by 40.5% during the 3rd quarter. R Squared Ltd now owns 18,716 shares of the company’s stock worth $76,000 after purchasing an additional 5,396 shares during the period. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Telos News Roundup

Here’s some of the latest news about TLS:

• Positive Sentiment: Needham raised its price target, while a B. Riley analyst said the stock could rise further. Telos’s recent 52-week high adds to the positive momentum, though it does not guarantee further gains. Needham Price Target Increase B. Riley Analyst Says Telos Stock Could Rise Telos Hits a 52-Week High
• Neutral Sentiment: Analyst views are divided: Goldman Sachs initiated coverage with a “hold” rating, and other coverage also characterized opinions as mixed. Analysts’ Opinions Are Mixed
• Negative Sentiment: Zacks Research cut its rating from “strong buy” to “hold,” a counterpoint to the positive target changes and recent share-price momentum. Zacks Research Rating

About Telos

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.