BMO Capital Markets Forecasts Strong Price Appreciation for Telos (NASDAQ:TLS) Stock

Telos (NASDAQ:TLS) had its price target lifted by equities research analysts at BMO Capital Markets from $3.00 to $4.50 in a report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 28.57% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Telos in a research report on Monday, August 12th. B. Riley restated a “buy” rating and set a $5.00 target price on shares of Telos in a report on Thursday, August 29th. Finally, DA Davidson cut their price target on Telos from $3.50 to $2.50 and set a “neutral” rating on the stock in a report on Monday, August 12th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4.80.

Telos Price Performance

TLS opened at $3.50 on Wednesday. The company has a current ratio of 4.76, a quick ratio of 4.70 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $3.61 and its 200-day simple moving average is $3.69. The company has a market capitalization of $252.90 million, a price-to-earnings ratio of -5.00 and a beta of 0.96. Telos has a 12-month low of $1.89 and a 12-month high of $5.03.

Institutional Trading of Telos

Several hedge funds and other institutional investors have recently made changes to their positions in TLS. Acadian Asset Management LLC increased its position in Telos by 4.5% during the 1st quarter. Acadian Asset Management LLC now owns 2,068,075 shares of the company’s stock valued at $8,600,000 after buying an additional 88,336 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Telos by 22.9% during the second quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company’s stock valued at $4,118,000 after acquiring an additional 190,700 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Telos by 21.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 776,406 shares of the company’s stock valued at $3,121,000 after purchasing an additional 138,657 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Telos by 3.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 699,458 shares of the company’s stock worth $2,910,000 after purchasing an additional 21,828 shares in the last quarter. Finally, GSA Capital Partners LLP grew its position in Telos by 26.3% during the 3rd quarter. GSA Capital Partners LLP now owns 519,361 shares of the company’s stock worth $1,865,000 after purchasing an additional 108,049 shares during the last quarter. 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.