Telos Co. (NASDAQ:TLS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Telos Co. (NASDAQ:TLS) have been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $4.50.

A number of equities analysts have recently commented on TLS shares. BMO Capital Markets reduced their price objective on shares of Telos from $4.00 to $3.00 and set a “market perform” rating for the company in a report on Tuesday, August 13th. Needham & Company LLC restated a “hold” rating on shares of Telos in a research note on Monday, August 12th. Wedbush reiterated an “outperform” rating and issued a $6.00 price objective on shares of Telos in a research note on Monday, May 13th. B. Riley raised their target price on Telos from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, DA Davidson lowered their price target on Telos from $3.50 to $2.50 and set a “neutral” rating on the stock in a research report on Monday, August 12th.

Telos Trading Up 1.2 %

Telos stock opened at $3.37 on Wednesday. Telos has a 12 month low of $1.87 and a 12 month high of $5.03. The stock has a market cap of $241.82 million, a price-to-earnings ratio of -7.66 and a beta of 0.98. The business has a 50 day moving average price of $3.69 and a two-hundred day moving average price of $3.78. The company has a quick ratio of 4.70, a current ratio of 4.76 and a debt-to-equity ratio of 0.06.

Insider Buying and Selling at Telos

In other news, CEO John B. Wood acquired 158,644 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $2.39 per share, for a total transaction of $379,159.16. Following the completion of the transaction, the chief executive officer now directly owns 5,026,925 shares in the company, valued at $12,014,350.75. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Telos news, Director Fredrick Schaufeld purchased 153,447 shares of the stock in a transaction on Thursday, May 30th. The stock was bought at an average cost of $4.38 per share, for a total transaction of $672,097.86. Following the completion of the acquisition, the director now directly owns 941,286 shares of the company’s stock, valued at $4,122,832.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John B. Wood bought 158,644 shares of the company’s stock in a transaction on Monday, August 12th. The shares were bought at an average price of $2.39 per share, for a total transaction of $379,159.16. Following the completion of the acquisition, the chief executive officer now directly owns 5,026,925 shares in the company, valued at approximately $12,014,350.75. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 358,924 shares of company stock worth $1,260,601. 12.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Telos

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company bought a new position in shares of Telos during the 2nd quarter worth approximately $92,000. Bank of Montreal Can bought a new position in Telos in the second quarter valued at $1,128,000. Renaissance Technologies LLC grew its position in Telos by 22.9% in the second quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company’s stock valued at $4,118,000 after purchasing an additional 190,700 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Telos by 21.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 776,406 shares of the company’s stock worth $3,121,000 after buying an additional 138,657 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Telos by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 79,988 shares of the company’s stock worth $322,000 after buying an additional 8,229 shares during the last quarter. 62.14% of the stock is currently owned by institutional investors and hedge funds.

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.