Telos (NASDAQ:TLS) Price Target Raised to $11.00

Telos (NASDAQ:TLS) had its price target boosted by B. Riley Financial from $9.00 to $11.00 in a research report released on Tuesday morning,Benzinga reports. B. Riley Financial currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. Wedbush increased their price objective on Telos from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday. Zacks Research raised Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Needham & Company LLC upped their target price on Telos from $6.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings raised shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 26th. Finally, Yorkville Ives started coverage on shares of Telos in a research report on Monday, October 5th. They issued an “outperform” rating and a $6.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $7.60.

Telos Stock Performance

Shares of TLS opened at $7.72 on Tuesday. The firm’s 50 day moving average is $4.77 and its 200-day moving average is $4.56. The stock has a market capitalization of $567.65 million, a P/E ratio of -64.33 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.49 and a quick ratio of 2.26. Telos has a 12-month low of $3.79 and a 12-month high of $7.95.

Telos (NASDAQ:TLS) last announced its earnings results on Monday, November 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The company had revenue of $55.20 million for the quarter, compared to analyst estimates of $50.11 million. Telos had a positive return on equity of 4.17% and a negative net margin of 4.66%. Equities research analysts anticipate that Telos will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Gary Bendza sold 174,539 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $4.05, for a total transaction of $706,882.95. Following the completion of the sale, the executive vice president owned 337,008 shares in the company, valued at $1,364,882.40. This represents a 34.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Derrick D. Dockery sold 12,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $4.43, for a total transaction of $53,160.00. Following the completion of the sale, the director owned 156,591 shares in the company, valued at approximately $693,698.13. The trade was a 7.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 570,549 shares of company stock worth $2,464,843 over the last ninety days. Company insiders own 14.90% of the company’s stock.

Institutional Trading of Telos

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

Key Telos News

Here’s some of the latest news about TLS:

• Positive Sentiment: Telos beat quarterly expectations, reporting earnings of $0.09 per share versus the $0.04 consensus and revenue of $55.2 million versus estimates of $50.1 million. Trading volume also increased following the results, suggesting stronger investor interest. Telos Sees Large Volume Increase Following Better-Than-Expected Earnings
• 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
• 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

Telos Company Profile

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.