Brokerages Set Telos Co. (NASDAQ:TLS) PT at $4.50

Telos Co. (NASDAQ:TLS) has been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $4.50.

TLS has been the topic of a number of recent research reports. BMO Capital Markets reduced their target price on shares of Telos from $4.00 to $3.00 and set a “market perform” rating on the stock in a report on Tuesday, August 13th. B. Riley reiterated a “buy” rating and issued a $5.00 price target on shares of Telos in a report on Thursday, August 29th. Needham & Company LLC restated a “hold” rating on shares of Telos in a report on Monday, August 12th. Finally, DA Davidson reduced their target price on Telos from $3.50 to $2.50 and set a “neutral” rating on the stock in a report on Monday, August 12th.

Telos Stock Performance

NASDAQ TLS opened at $3.54 on Thursday. 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 50 day moving average is $3.35 and its two-hundred day moving average is $3.69. Telos has a 12-month low of $1.89 and a 12-month high of $5.03.

Telos (NASDAQ:TLS) last posted its earnings results on Friday, August 9th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.11. The company had revenue of $28.50 million for the quarter, compared to the consensus estimate of $26.57 million. Telos had a negative return on equity of 22.81% and a negative net margin of 22.74%. As a group, analysts expect that Telos will post -0.75 earnings per share for the current fiscal year.

Insider Activity at Telos

In other news, CEO John B. Wood purchased 158,644 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average price of $2.39 per share, with a total value of $379,159.16. Following the purchase, the chief executive officer now directly owns 5,026,925 shares of the company’s stock, valued at approximately $12,014,350.75. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On Telos

Several large investors have recently modified their holdings of the stock. Fifth Lane Capital LP acquired a new stake in shares of Telos during the 1st quarter valued at approximately $44,000. Lazard Asset Management LLC bought a new position in shares of Telos during the first quarter valued at approximately $58,000. SG Americas Securities LLC acquired a new stake in shares of Telos during the 1st quarter worth approximately $58,000. Quadrature Capital Ltd acquired a new position in Telos during the 4th quarter valued at approximately $85,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Telos during the second quarter worth about $92,000. Institutional investors own 62.14% of the company’s stock.

About Telos

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.