Telos (NASDAQ:TLS) Price Target Raised to $10.00 at Wedbush

Telos (NASDAQ:TLS) had its price objective hoisted by research analysts at Wedbush from $9.00 to $10.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Wedbush’s price objective points to a potential upside of 39.08% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. DA Davidson raised their target price on shares of Telos from $2.25 to $4.00 and gave the stock a “neutral” rating in a report on Tuesday, August 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Telos in a research note on Wednesday, October 8th. B. Riley reaffirmed a “buy” rating on shares of Telos in a research report on Friday, October 17th. BMO Capital Markets reissued a “market perform” rating and issued a $4.50 price objective (up from $2.25) on shares of Telos in a research note on Tuesday, August 12th. Finally, Wall Street Zen raised Telos from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Telos has an average rating of “Hold” and a consensus target price of $6.17.

Telos Price Performance

Shares of NASDAQ TLS traded down $0.57 during mid-day trading on Tuesday, reaching $7.19. The company had a trading volume of 771,534 shares, compared to its average volume of 909,832. The company has a 50-day moving average price of $6.88 and a two-hundred day moving average price of $4.52. The stock has a market cap of $522.71 million, a PE ratio of -9.39 and a beta of 1.07. The company has a current ratio of 2.65, a quick ratio of 2.55 and a debt-to-equity ratio of 0.06. Telos has a 1-year low of $1.83 and a 1-year high of $8.36.

Insider Buying and Selling

In other news, Director Fredrick Schaufeld sold 255,449 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $6.79, for a total transaction of $1,734,498.71. Following the completion of the transaction, the director directly owned 1,338,698 shares of the company’s stock, valued at approximately $9,089,759.42. This trade represents a 16.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Maluda sold 52,595 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $6.60, for a total value of $347,127.00. Following the transaction, the director owned 185,387 shares of the company’s stock, valued at $1,223,554.20. This trade represents a 22.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 537,544 shares of company stock worth $3,579,041. 14.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Telos

Hedge funds and other institutional investors have recently bought and sold shares of the business. OLD Mission Capital LLC bought a new position in shares of Telos in the first quarter worth about $30,000. AQR Capital Management LLC bought a new stake in shares of Telos during the first quarter valued at approximately $39,000. Penserra Capital Management LLC acquired a new stake in shares of Telos in the third quarter valued at approximately $42,000. NewEdge Advisors LLC raised its position in Telos by 28.7% in the 1st 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 acquired a new position in Telos during the 2nd quarter worth $53,000. 62.14% of the stock is 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.