B. Riley Upgrades Telos (NASDAQ:TLS) to Buy

Telos (NASDAQ:TLS) was upgraded by equities researchers at B. Riley from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat.com reports. The firm currently has a $4.50 price objective on the stock, up from their previous price objective of $2.75. B. Riley’s target price indicates a potential upside of 17.80% from the company’s current price.

A number of other brokerages also recently issued reports on TLS. BMO Capital Markets increased their price target on Telos from $2.50 to $2.75 and gave the stock a “market perform” rating in a research report on Thursday, August 10th. Northland Securities raised Telos from a “market perform” rating to an “outperform” rating and increased their target price for the company from $2.50 to $4.00 in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $4.05.

Telos Stock Up 25.7 %

Shares of TLS opened at $3.82 on Friday. Telos has a 52 week low of $1.53 and a 52 week high of $5.39. The company has a quick ratio of 3.88, a current ratio of 3.93 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $265.80 million, a price-to-earnings ratio of -6.26 and a beta of 0.19. The stock’s 50-day moving average price is $2.37 and its 200-day moving average price is $2.40.

Telos (NASDAQ:TLS) last issued its quarterly earnings results on Wednesday, August 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.12. The company had revenue of $32.91 million for the quarter, compared to the consensus estimate of $29.97 million. Telos had a negative return on equity of 25.74% and a negative net margin of 27.46%. On average, sell-side analysts predict that Telos will post -0.95 EPS for the current year.

Insider Transactions at Telos

In other news, CEO John B. Wood purchased 35,000 shares of the stock in a transaction dated Thursday, August 31st. The stock was acquired at an average cost of $2.51 per share, for a total transaction of $87,850.00. Following the completion of the transaction, the chief executive officer now directly owns 5,048,604 shares in the company, valued at approximately $12,671,996.04. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO John B. Wood bought 90,402 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average cost of $2.05 per share, for a total transaction of $185,324.10. Following the completion of the acquisition, the chief executive officer now owns 4,893,417 shares in the company, valued at approximately $10,031,504.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John B. Wood bought 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was bought at an average price of $2.51 per share, with a total value of $87,850.00. Following the completion of the acquisition, the chief executive officer now owns 5,048,604 shares of the company’s stock, valued at approximately $12,671,996.04. The disclosure for this purchase can be found here. Insiders bought a total of 130,402 shares of company stock worth $283,174 over the last ninety days. Company insiders own 11.90% of the company’s stock.

Institutional Trading of Telos

Institutional investors have recently bought and sold shares of the business. Citigroup Inc. grew its position in Telos by 53.2% during the 3rd quarter. Citigroup Inc. now owns 35,619 shares of the company’s stock worth $85,000 after purchasing an additional 12,369 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Telos by 5.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 291,360 shares of the company’s stock worth $696,000 after buying an additional 16,304 shares during the period. Barclays PLC boosted its stake in shares of Telos by 0.3% during the third quarter. Barclays PLC now owns 9,316,706 shares of the company’s stock worth $22,268,000 after buying an additional 28,120 shares during the period. Jump Financial LLC acquired a new stake in shares of Telos during the third quarter worth about $56,000. Finally, NBC Securities Inc. acquired a new stake in shares of Telos during the third quarter worth about $28,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Telos Company Profile

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates through two segments, Security Solutions and Secure Networks. It provides Xacta, a premier platform for enterprise cyber risk management and security compliance automation solutions to large commercial and government enterprises; and Telos Ghost, a solution to eliminate cyber-attack surfaces by obfuscating and encrypting data, masking user identity and location, and hiding network resources, as well as provides security and privacy for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.